Funding you earn now, next payment 07:00 UTC−0.0344%/8h= −37.6% APRpaid last 24h −0.087%
Price spread now: MEXC against GMX−0.070%7-day average −0.043% · 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)−0.241%−$24 on $10k
+Price spread, last 4 days (all we have)−0.246%−$25 · spread now −0.070%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and MEXC 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 −0.043%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2211 | L +0.0276% / S −0.0158% | pay 0.0034% / 1h | 54m 13s | $834K | — | 150x |
| Short | MEXC ARB_USDT | 0.2210 | −0.0068 | pay 0.0068% / 8h | 1h 54m | $41.2M | $61.4M | 200x |
GMX ARB/USD [ARB-USDC]
MEXC ARB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$72.19
- Price spread: −0.070% → −0.043%
- −$2.67
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$86.85
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago | 0.23 bp | 1.2 bp −$1 | 9.4 bp −$94 | 37.1 bp −$3,714 | 71.0 bp −$35.5K |
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 | 0.2208 | −0.147% | $40K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0293% | 1h | 0.2210 | −0.070% | $67K | $2.1M | 10x | as long as short |
| SoDEX ARB-USD | −0.0079% | 1h | 0.2210 | −0.038% | $9K | $2.2M | 5x | as long as short |
| Variational Omni ARB | −0.0076% | 8h | 0.2216 | +0.209% | $1.8M | $3.0M | — | as long as short |
| OKX ARB-USDT-SWAP | −0.0070% | 8h | 0.2210 | −0.043% | $22.1M | $146.4M | 50x | as long as short |
| MEXC ARB_USDTshort | −0.0068% | 8h | 0.2210 | −0.070% | $41.2M | $61.4M | 200x | |
| 01 Exchange ARBUSD | −0.0048% | 1h | 0.2212 | +0.016% | $7K | $236 | 10x | as long as short |
| Orderly PERP_ARB_USDC | −0.0045% | 8h | 0.2211 | −0.011% | $13K | $406K | 10x | as long as short |
| Bybit ARBUSDT | −0.0032% | 8h | 0.2211 | −0.020% | $54.5M | $126.5M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2212 | +0.043% | $65K | $5K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
SoDEX ARB-USD
Variational Omni ARB
OKX ARB-USDT-SWAP
01 Exchange ARBUSD
Orderly PERP_ARB_USDC
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2211 | −0.002% | $28K | $38K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2211 | +0.009% | $44K | — | 150x | as long as short |
| RISEx ARB/USDC | +0.0056% | 1h | 0.2212 | +0.027% | $470K | $2.6M | 10x | as long as short |
| Bitget ARBUSDT | +0.0057% | 8h | 0.2211 | −0.011% | $21.2M | $34.8M | 50x | as long as short |
| Gate ARB_USDT | +0.0069% | 8h | 0.2210 | −0.043% | $5.4M | $18.3M | 60x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2211 | −0.020% | $1.3M | $5.5M | 15x | as long as short |
| Extended ARB-USD | +0.0096% | 1h | 0.2210 | −0.068% | $352K | $2.8M | 25x | as long as short |
| Binance ARBUSDT | +0.0096% | 8h | 0.2211 | −0.020% | $63.3M | $301.7M | 75x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2213 | +0.061% | $37.4M | $49.3M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2213 | +0.075% | $635K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2212 | +0.019% | $43K | $150K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2211 | +0.002% | $19.7M | $14.4M | 75x | as long as short |
| BingX ARB-USDT | +0.0100% | 8h | 0.2211 | −0.029% | — | $53.6M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2214 | +0.142% | $39K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2214 | +0.124% | $472K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2213 | +0.079% | $119K | $282K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2212 | +0.034% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2212 | +0.016% | $295K | $875K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2214 | +0.124% | $5.0M | $12.8M | 50x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2212 | +0.024% | $140K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0218% | 8h | 0.2214 | +0.129% | $3.1M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0230% | 1h | 0.2212 | +0.041% | $1.1M | $4.5M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0276% / S −0.0158% | 1h | 0.2211 | long leg | $834K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2215 | +0.170% | $514K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2210 | −0.071% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0543% | 1h | 0.2214 | +0.129% | $993K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
RISEx ARB/USDC
Bitget ARBUSDT
Gate ARB_USDT
Lighter ARB
Extended ARB-USD
Binance ARBUSDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
BingX ARB-USDT
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Aevo ARB-PERP
BloFin ARB-USDT
Kraken Futures PF_ARBUSD
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP