Funding you earn now, next payment 06:00 UTC+0.0233%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h +0.028%
Price spread now: GMX against Kraken Futures−0.144%7-day average −0.038% · 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)+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now −0.144%, 7d avg −0.038%
=Funding pays, the price is against you. GMX is 0.106% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of −0.038%). If the spread goes back, that is −$11 on $10k: about 37 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.096% in total) that is about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARBUSD | 0.2224 | −0.0073 | get 0.0009% / 1h | 6m 30s | $1.1M | $4.5M | 50x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2221 | L +0.0277% / S −0.0159% | get 0.0020% / 1h | 6m 30s | $841K | — | 150x |
Kraken Futures PF_ARBUSD
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kraken Futures. 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
- $48.83
- Price spread: −0.144% → −0.038%
- −$10.62
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $16.21
- Costs to cover
- 0.220%
- Break-even
- 4.7 days
Slippage unknown: Kraken Futures: live order book, 2 min ago; GMX: 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 Kraken Futures live order book, 2 min ago | 8.58 bp | 14.0 bp −$14 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | −0.1581% | 1h | 0.2207 | −0.784% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0136% | 1h | 0.2222 | −0.105% | $7K | $236 | 10x | as long as short |
| Variational Omni ARB | −0.0090% | 8h | 0.2206 | −0.844% | $1.8M | $3.0M | — | as long as short |
| Polymarket Perps ARB-USD | −0.0085% | 1h | 0.2220 | −0.204% | $76K | $2.1M | 10x | as long as short |
| Kraken Futures PF_ARBUSDlong | −0.0073% | 1h | 0.2224 | long leg | $1.1M | $4.5M | 50x | |
| Deribit ARB_USDC-PERPETUAL | −0.0065% | 1h | 0.2223 | −0.060% | $23K | $33K | 25x | as long as short |
| OKX ARB-USDT-SWAP | −0.0054% | 8h | 0.2220 | −0.217% | $22.1M | $146.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0054% | 8h | 0.2220 | −0.199% | $41.8M | $62.0M | 200x | as long as short |
| Bybit ARBUSDT | −0.0052% | 8h | 0.2220 | −0.186% | $54.9M | $126.3M | 50x | as long as short |
| Orderly PERP_ARB_USDC | −0.0044% | 8h | 0.2223 | −0.064% | $12K | $406K | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Variational Omni ARB
Polymarket Perps ARB-USD
Deribit ARB_USDC-PERPETUAL
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Bybit ARBUSDT
Orderly PERP_ARB_USDCShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2220 | −0.217% | $66K | $5K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0009% | 1h | 0.2222 | −0.108% | $44K | — | 150x | as long as short |
| Bitget ARBUSDT | +0.0056% | 8h | 0.2221 | −0.154% | $21.3M | $34.7M | 50x | as long as short |
| Gate ARB_USDT | +0.0081% | 8h | 0.2221 | −0.159% | $5.5M | $18.4M | 60x | as long as short |
| RISEx ARB/USDC | +0.0086% | 1h | 0.2222 | −0.130% | $484K | $2.6M | 10x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2219 | −0.258% | $1.3M | $5.5M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2220 | −0.199% | $37.3M | $49.1M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2222 | −0.128% | $637K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2219 | −0.222% | $43K | $150K | 10x | as long as short |
| Binance ARBUSDT | +0.0100% | 8h | 0.2222 | −0.131% | $63.5M | $301.0M | 75x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2219 | −0.249% | $19.8M | $14.4M | 75x | as long as short |
| BingX ARB-USDC | +0.0100% | 8h | 0.2221 | −0.145% | — | $6.5M | — | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2208 | −0.759% | $39K | $462K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2207 | −0.784% | $473K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2206 | −0.829% | $119K | $281K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2222 | −0.109% | $2K | $1.1M | 30x | as long as short |
| SoDEX ARB-USD | +0.0100% | 1h | 0.2222 | −0.105% | $9K | $2.2M | 5x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2222 | −0.105% | $297K | $885K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2221 | −0.154% | $5.0M | $12.8M | 50x | as long as short |
| Extended ARB-USD | +0.0104% | 1h | 0.2220 | −0.207% | $352K | $2.8M | 25x | as long as short |
| Aevo ARB-PERP | +0.0104% | 1h | 0.2224 | −0.019% | $141K | $7K | 3x | as long as short |
| BloFin ARB-USDT | +0.0220% | 8h | 0.2223 | −0.082% | $3.0M | $2.4M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0277% / S −0.0159% | 1h | 0.2221 | −0.144% | $841K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2223 | −0.064% | $515K | $1.6M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2218 | −0.285% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0744% | 1h | 0.2225 | +0.026% | $998K | $2.8M | 20x | as long as short |
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Bitget ARBUSDT
Gate ARB_USDT
RISEx ARB/USDC
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
Binance ARBUSDT
KuCoin ARBUSDTM
BingX ARB-USDC
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
SoDEX ARB-USD
HTX ARB-USDT
Phemex ARBUSDT
Extended ARB-USD
Aevo ARB-PERP
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP