Funding you earn now, next payment 07:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h −0.053%
Price spread now: Kraken Futures against GMX+0.010%7-day average +0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.196%−$20 on $10k
+Price spread, last 4 days (all we have)+0.223%+$22 · spread now +0.010%, 7d avg +0.038%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.028% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2207 | L +0.0276% / S −0.0158% | pay 0.0034% / 1h | 21m 37s | $833K | — | 150x |
| Short | Kraken Futures PF_ARBUSD | 0.2207 | 0.0231 | get 0.0029% / 1h | 21m 37s | $1.1M | $4.4M | 50x |
GMX ARB/USD [ARB-USDC]
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$9.43
- Price spread: +0.010% → +0.038%
- −$2.78
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$34.21
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 9.05 bp | 14.4 bp −$14 | 20.8 bp −$208 | 607.6 bp −$60.8K | 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 | −0.1592% | 1h | 0.2197 | −0.459% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0192% | 1h | 0.2207 | −0.029% | $67K | $2.1M | 10x | as long as short |
| 01 Exchange ARBUSD | −0.0128% | 1h | 0.2207 | −0.015% | $7K | $236 | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0112% | 1h | 0.2206 | −0.034% | $28K | $38K | 25x | as long as short |
| SoDEX ARB-USD | −0.0104% | 1h | 0.2205 | −0.101% | $9K | $2.2M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0085% | 8h | 0.2206 | −0.047% | $22.1M | $146.1M | 50x | as long as short |
| MEXC ARB_USDT | −0.0084% | 8h | 0.2207 | +0.003% | $41.9M | $62.1M | 200x | as long as short |
| Variational Omni ARB | −0.0048% | 8h | 0.2208 | +0.042% | $1.8M | $3.0M | — | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2207 | −0.006% | $13K | $408K | 10x | as long as short |
| Bybit ARBUSDT | −0.0011% | 8h | 0.2207 | −0.020% | $54.2M | $126.6M | 50x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Variational Omni ARB
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 | 0.2210 | +0.113% | $65K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2210 | +0.143% | $44K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0034% | 8h | 0.2208 | +0.062% | $5.4M | $18.4M | 60x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2208 | +0.034% | $474K | $2.6M | 10x | as long as short |
| Extended ARB-USD | +0.0064% | 1h | 0.2206 | −0.050% | $354K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0064% | 8h | 0.2207 | −0.001% | $63.1M | $302.2M | 75x | as long as short |
| Bitget ARBUSDT | +0.0065% | 8h | 0.2208 | +0.039% | $21.3M | $34.8M | 50x | as long as short |
| BingX ARB-USDC | +0.0076% | 8h | 0.2207 | +0.012% | — | $6.5M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2208 | +0.062% | $1.2M | $5.5M | 15x | as long as short |
| Aevo ARB-PERP | +0.0096% | 1h | 0.2207 | −0.016% | $140K | $7K | 3x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2209 | +0.098% | $37.4M | $49.2M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2210 | +0.115% | $635K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2208 | +0.043% | $43K | $149K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2208 | +0.048% | $19.6M | $14.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2208 | +0.051% | $39K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2209 | +0.097% | $480K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2207 | −0.006% | $119K | $280K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2208 | +0.039% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2206 | −0.052% | $295K | $865K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2206 | −0.052% | $4.9M | $12.9M | 50x | as long as short |
| BloFin ARB-USDT | +0.0190% | 8h | 0.2208 | +0.043% | $3.0M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ARBUSDshort | +0.0231% | 1h | 0.2207 | +0.010% | $1.1M | $4.4M | 50x | |
| GMX ARB/USD [ARB-USDC]long | L +0.0276% / S −0.0158% | 1h | 0.2207 | long leg | $833K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2214 | +0.311% | $527K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2206 | −0.045% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0620% | 1h | 0.2209 | +0.075% | $992K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
RISEx ARB/USDC
Extended ARB-USD
Binance ARBUSDT
Bitget ARBUSDT
BingX ARB-USDC
Lighter ARB
Aevo ARB-PERP
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
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP