Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.041%

Price spread now: SunX against GMX+0.126%7-day average +0.066% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.153%−$15 on $10k

Price spread, last 3 days (all we have)+0.189%+$19 · spread now +0.126%, 7d avg +0.066%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.060% dearer against GMX than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.066%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ARB/USD [ARB-USDC]	0.2270	L +0.0288% / S −0.0175%	pay 0.0036% / 1h	25m 52s	$898K	—	150x
Short	SunX ARB-USDT	0.2273	0.0100	get 0.0100% / 8h	7h 25m	$2K	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee SunXbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$39.51
Price spread: +0.126% → +0.066%: $6.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$53.49
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	31.11 bp	91.5 bp −$91	doesn't fit	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	−0.1666%	1h	0.2244	−1.151%	$40K	$372K	12x	as long as short
Variational Omni ARB	−0.0204%	8h	0.2268	−0.113%	$2.0M	$2.8M	—	as long as short
Bybit ARBUSDT	−0.0155%	8h	0.2271	+0.051%	$58.6M	$126.4M	50x	as long as short
01 Exchange ARBUSD	−0.0152%	1h	0.2268	−0.081%	$7K	$2K	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0137%	1h	0.2273	+0.139%	$1.1M	$4.9M	50x	as long as short
MEXC ARB_USDT	−0.0117%	8h	0.2273	+0.104%	$38.9M	$59.1M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0115%	8h	0.2272	+0.086%	$22.8M	$158.0M	50x	as long as short
SoDEX ARB-USD	−0.0070%	1h	0.2271	+0.060%	$4K	$2.5M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0049%	8h	0.2269	−0.050%	$12K	$387K	10x	as long as short
Binance ARBUSDT	0.0000%	8h	0.2273	+0.126%	$66.9M	$309.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2266	−0.200%	$67K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2272	+0.067%	$365K	$3.5M	25x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2271	+0.047%	$25K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2271	+0.018%	$33K	—	150x	as long as short
Phemex ARBUSDT	+0.0043%	8h	0.2268	−0.094%	$5.2M	$13.0M	50x	as long as short
BingX ARB-USDC	+0.0074%	8h	0.2273	+0.135%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0078%	8h	0.2273	+0.126%	$21.7M	$35.6M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2272	+0.074%	$144K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2272	+0.091%	$1.4M	$7.3M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2276	+0.241%	$41.1M	$47.4M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2270	+0.011%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2266	−0.176%	$45K	$185K	10x	as long as short
Gate ARB_USDT	+0.0100%	8h	0.2274	+0.161%	$5.5M	$19.8M	60x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2273	+0.126%	$19.8M	$15.8M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2253	−0.758%	$40K	$460K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2251	−0.830%	$486K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2252	−0.799%	$121K	$296K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2270	−0.028%	$65K	$2.0M	10x	as long as short
SunX ARB-USDTshort	+0.0100%	8h	0.2273	+0.126%	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2272	+0.064%	$296K	$973K	50x	as long as short
BloFin ARB-USDT	+0.0120%	8h	0.2258	−0.552%	$3.1M	$2.9M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0232%	1h	0.2261	−0.403%	$510K	$2.2M	50x	as long as short
GMX ARB/USD [ARB-USDC]long	L +0.0288% / S −0.0175%	1h	0.2270	long leg	$898K	—	150x
Reya ARBRUSDPERP	+0.0290%	1h	0.2268	−0.107%	$2K	$695	20x	as long as short
RISEx ARB/USDC	+0.0384%	1h	0.2270	+0.014%	$516K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0541%	1h	0.2275	+0.201%	$1.0M	$2.8M	20x	as long as short