Funding you earn now, next payment 00:00 UTC−0.0246%/8h= −26.9% APRpaid last 24h −0.028%
Price spread now: BloFin against GMX−0.040%7-day average −0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.122%−$12 on $10k
+Price spread, last 3 days (all we have)+0.217%+$22 · spread now −0.040%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.027% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2266 | L +0.0296% / S −0.0186% | pay 0.0037% / 1h | 18m 47s | $926K | — | 150x |
| Short | BloFin ARB-USDT | 0.2265 | 0.0051 | get 0.0051% / 8h | 18m 47s | $3.2M | $2.8M | 75x |
GMX ARB/USD [ARB-USDC]
BloFin ARB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$51.59
- Price spread: −0.040% → −0.013%
- −$2.67
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$78.26
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 4 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GMX no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 4 min ago | 2.43 bp | 14.2 bp −$14 | 26.1 bp −$261 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ARB on 36 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1785% | 1h | 0.2257 | −0.397% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0264% | 1h | 0.2265 | −0.053% | $68K | $2.0M | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0184% | 1h | 0.2264 | −0.102% | $7K | $2K | 10x | as long as short |
| Variational Omni ARB | −0.0180% | 8h | 0.2261 | −0.205% | $2.0M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0165% | 8h | 0.2263 | −0.119% | $58.4M | $128.4M | 50x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0147% | 1h | 0.2265 | −0.035% | $26K | $32K | 25x | as long as short |
| SoDEX ARB-USD | −0.0110% | 1h | 0.2265 | −0.057% | $4K | $2.6M | 5x | as long as short |
| MEXC ARB_USDT | −0.0107% | 8h | 0.2265 | −0.062% | $38.0M | $59.9M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0106% | 8h | 0.2263 | −0.115% | $22.8M | $159.6M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0038% | 8h | 0.2264 | −0.088% | $13K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
01 Exchange ARBUSD
Variational Omni ARB
Bybit ARBUSDT
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ARB_USDT | −0.0003% | 8h | 0.2265 | −0.035% | $5.5M | $20.3M | 60x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2262 | −0.192% | $67K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2266 | 0.000% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0012% | 8h | 0.2264 | −0.097% | $66.6M | $313.7M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2263 | −0.113% | $361K | $2.3M | 25x | as long as short |
| BloFin ARB-USDTshort | +0.0051% | 8h | 0.2265 | −0.040% | $3.2M | $2.8M | 75x | |
| Bitget ARBUSDT | +0.0062% | 8h | 0.2263 | −0.132% | $21.4M | $36.0M | 50x | as long as short |
| BingX ARB-USDT | +0.0063% | 8h | 0.2264 | −0.106% | — | $53.9M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2266 | −0.015% | $148K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2265 | −0.035% | $1.4M | $7.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2266 | −0.009% | $40.8M | $47.6M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2266 | −0.019% | $706K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2263 | −0.140% | $47K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2265 | −0.044% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2259 | −0.303% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2259 | −0.323% | $483K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2262 | −0.177% | $122K | $296K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2267 | +0.044% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2265 | −0.053% | $291K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2265 | −0.044% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2263 | −0.154% | $511K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0236% | 1h | 0.2268 | +0.105% | $1.1M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2264 | −0.067% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0296% / S −0.0186% | 1h | 0.2266 | long leg | $926K | — | 150x | |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2266 | +0.022% | $515K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0468% | 1h | 0.2268 | +0.093% | $1.0M | $2.9M | 20x | as long as short |
Gate ARB_USDT
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP