Funding you earn now, next payment 23:00 UTC−0.0506%/8h= −55.4% APRnext payment −$0.63 per $10,000 · paid last 24h −0.146%
Price spread now: 01 Exchange against GMX−0.055%47s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and 01 Exchange is 0.055% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 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] | 0.2256 | L +0.0274% / S −0.0156% | pay 0.0034% / 1h | 5m 42s | $846K | — | 150x |
| Short | 01 Exchange ARBUSD | 0.2255 | −0.0232 | pay 0.0029% / 1h | 5m 42s | $7K | $2K | 10x |
GMX ARB/USD [ARB-USDC]
01 Exchange ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$106.26
- Price spread: −0.055% → 0.000%
- −$5.45
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$130.71
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample | — | — | — | — | — |
GMX and 01 Exchange: 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 | −0.1770% | 1h | 0.2236 | −0.897% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSDshort | −0.0232% | 1h | 0.2255 | −0.055% | $7K | $2K | 10x | |
| SoDEX ARB-USD | −0.0194% | 1h | 0.2254 | −0.094% | $4K | $2.7M | 5x | as long as short |
| Variational Omni ARB | −0.0171% | 8h | 0.2243 | −0.571% | $1.9M | $2.7M | — | as long as short |
| Bybit ARBUSDT | −0.0156% | 8h | 0.2252 | −0.187% | $58.2M | $131.7M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0130% | 1h | 0.2255 | −0.063% | $67K | $2.0M | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0105% | 1h | 0.2256 | −0.032% | $26K | $32K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0099% | 8h | 0.2252 | −0.187% | $22.6M | $160.0M | 50x | as long as short |
| MEXC ARB_USDT | −0.0098% | 8h | 0.2252 | −0.192% | $37.4M | $63.0M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2255 | −0.055% | $10K | $394K | 10x | as long as short |
Injective ARB/USDC PERP
SoDEX ARB-USD
Variational Omni ARB
Bybit ARBUSDT
Polymarket Perps ARB-USD
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ARBUSDT | −0.0003% | 8h | 0.2252 | −0.183% | $64.7M | $315.1M | 75x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2253 | −0.163% | $67K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2252 | −0.209% | $358K | $2.3M | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2256 | −0.012% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0043% | 8h | 0.2253 | −0.143% | $5.5M | $20.8M | 60x | as long as short |
| BingX ARB-USDT | +0.0066% | 8h | 0.2252 | −0.183% | — | $53.3M | — | as long as short |
| Bitget ARBUSDT | +0.0068% | 8h | 0.2252 | −0.187% | $21.3M | $36.9M | 50x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2256 | +0.009% | $148K | $12K | 3x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0084% | 1h | 0.2257 | +0.023% | $1.1M | $5.1M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2253 | −0.125% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2254 | −0.081% | $40.3M | $48.4M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2252 | −0.204% | $701K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2253 | −0.156% | $45K | $192K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2253 | −0.148% | $20.8M | $16.4M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2251 | −0.248% | $40K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2248 | −0.364% | $488K | $3.8M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2248 | −0.365% | $121K | $294K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2257 | +0.034% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2254 | −0.099% | $278K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2256 | −0.010% | $5.2M | $13.3M | 50x | as long as short |
| BloFin ARB-USDT | +0.0116% | 8h | 0.2252 | −0.187% | $3.0M | $3.3M | 75x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0264% | 1h | 0.2254 | −0.099% | $508K | $2.3M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0274% / S −0.0156% | 1h | 0.2256 | long leg | $846K | — | 150x | |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2255 | −0.069% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0363% | 1h | 0.2257 | +0.023% | $501K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0639% | 1h | 0.2257 | +0.021% | $1.1M | $2.7M | 20x | as long as short |
Binance ARBUSDT
dYdX ARB-USD
Extended ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
BingX ARB-USDT
Bitget ARBUSDT
Aevo ARB-PERP
Kraken Futures PF_ARBUSD
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
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP