Funding you earn now, next payment 09:00 UTC−0.0176%/8h= −19.2% APRpaid last 24h −0.049%
Price spread now: edgeX against GMX−0.471%70s7-day average −0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.176%−$18 on $10k
+Price spread, last 4 days (all we have)−0.702%−$70 · spread now −0.471%, 7d avg −0.018%
=Together, before fees−0.878%+ Points / potential airdropedgeX: Active · farm board−$88 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and edgeX is 0.453% cheaper against GMX than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2204 | L +0.0276% / S −0.0158% | pay 0.0034% / 1h | 24m 08s | $831K | — | 150x |
| Short | edgeX ARBUSDC | 0.2194 | 0.0100 | get 0.0050% / 4h | 3h 24m | $40K | $465K | 20x |
GMX ARB/USD [ARB-USDC]
edgeX ARBUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$36.92
- Price spread: −0.471% → −0.018%
- −$45.25
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$103.17
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; edgeX: live order book, 9 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 edgeX live order book, 9 min ago | 13.72 bp | 19.9 bp −$20 | 111.8 bp −$1,118 | 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 | −0.1605% | 1h | 0.2187 | −0.778% | $39K | $372K | 12x | as long as short |
| Phemex ARBUSDT | −0.0191% | 8h | 0.2203 | −0.052% | $4.8M | $12.8M | 50x | as long as short |
| SoDEX ARB-USD | −0.0191% | 1h | 0.2204 | −0.015% | $9K | $2.3M | 5x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0167% | 1h | 0.2205 | +0.020% | $1.1M | $4.2M | 50x | as long as short |
| Gate ARB_USDT | −0.0108% | 8h | 0.2205 | +0.025% | $5.4M | $18.2M | 60x | as long as short |
| MEXC ARB_USDT | −0.0095% | 8h | 0.2204 | −0.011% | $43.5M | $63.2M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0093% | 8h | 0.2204 | −0.020% | $22.4M | $146.2M | 50x | as long as short |
| 01 Exchange ARBUSD | −0.0056% | 1h | 0.2201 | −0.129% | $7K | $209 | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0037% | 8h | 0.2204 | −0.006% | $16K | $415K | 10x | as long as short |
| Bybit ARBUSDT | −0.0026% | 8h | 0.2204 | −0.006% | $53.8M | $125.7M | 50x | as long as short |
Injective ARB/USDC PERP
Phemex ARBUSDT
SoDEX ARB-USD
Kraken Futures PF_ARBUSD
Gate ARB_USDT
MEXC ARB_USDT
OKX ARB-USDT-SWAP
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
Bybit ARBUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2199 | −0.234% | $65K | $4K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2205 | +0.044% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2199 | −0.215% | $73K | — | 150x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2203 | −0.051% | $363K | $3.0M | 25x | as long as short |
| Binance ARBUSDT | +0.0017% | 8h | 0.2218 | +0.633% | $64.1M | $298.8M | 75x | as long as short |
| Variational Omni ARB | +0.0025% | 8h | 0.2191 | −0.595% | $1.8M | $3.0M | — | as long as short |
| Bitget ARBUSDT | +0.0061% | 8h | 0.2203 | −0.052% | $21.1M | $34.5M | 50x | as long as short |
| BloFin ARB-USDT | +0.0062% | 8h | 0.2197 | −0.306% | $3.0M | $2.3M | 75x | as long as short |
| BingX ARB-USDC | +0.0065% | 8h | 0.2202 | −0.079% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2205 | +0.022% | $140K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2205 | +0.039% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2206 | +0.084% | $36.7M | $51.0M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2219 | +0.668% | $635K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2199 | −0.215% | $43K | $148K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2205 | +0.039% | $19.6M | $13.7M | 75x | as long as short |
| edgeX ARBUSDCshort | +0.0100% | 4h | 0.2194 | −0.471% | $40K | $465K | 20x | |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2195 | −0.415% | $471K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2194 | −0.460% | $118K | $267K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2203 | −0.061% | $74K | $2.0M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2200 | −0.188% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2204 | −0.006% | $295K | $835K | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2202 | −0.104% | $530K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0199% | 1h | 0.2215 | +0.511% | $989K | $2.8M | 20x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0276% / S −0.0158% | 1h | 0.2204 | long leg | $831K | — | 150x | |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2203 | −0.040% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2205 | +0.039% | $528K | $1.5M | 50x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
Variational Omni ARB
Bitget ARBUSDT
BloFin ARB-USDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
RISEx ARB/USDC
Backpack ARB_USDC_PERP
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX