ARB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0449%/8h= +49.2% APRnext payment +$0.56 per $10,000 · paid last 24h +0.048%

Price spread now: GMX against Polymarket Perps+0.108%7-day average +0.060% · you sell dearer than you buy

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

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.151%+$15 on $10k

Price spread, last 3 days (all we have)+0.241%+$24 · spread now +0.108%, 7d avg +0.060%

Together, before fees+0.392%+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and GMX is 0.048% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ARB-USD	0.2266	−0.0263	get 0.0033% / 1h	22m 09s	$70K	$2.0M	10x
Short	GMX ARB/USD [ARB-USDC]	0.2269	L +0.0296% / S −0.0186%	get 0.0023% / 1h	22m 09s	$927K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Polymarket Perps. 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 Polymarket PerpsbpFee GMXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $94.27
Price spread: +0.108% → +0.060%: $4.76
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $79.03
Costs to cover: 0.200%
Break-even: 1.1 days

Slippage unknown: Polymarket Perps: 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 Polymarket Perps live order book, 2 min ago	2.66 bp	6.7 bp −$7	11.8 bp −$118	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	−0.1785%	1h	0.2249	−0.772%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USDlong	−0.0263%	1h	0.2266	long leg	$70K	$2.0M	10x
Variational Omni ARB	−0.0183%	8h	0.2274	+0.322%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0176%	1h	0.2267	+0.022%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0160%	8h	0.2266	−0.035%	$58.5M	$128.4M	50x	as long as short
MEXC ARB_USDT	−0.0109%	8h	0.2266	0.000%	$38.1M	$59.9M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0108%	8h	0.2266	−0.026%	$22.9M	$159.8M	50x	as long as short
SoDEX ARB-USD	−0.0068%	1h	0.2267	+0.009%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0038%	8h	0.2267	+0.022%	$13K	$395K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2266	−0.044%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2268	+0.084%	$26K	$32K	25x	as long as short
Gate ARB_USDT	+0.0003%	8h	0.2268	+0.053%	$5.5M	$20.3M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2269	+0.096%	$55K	—	150x	as long as short
Binance ARBUSDT	+0.0014%	8h	0.2267	+0.020%	$66.5M	$313.8M	75x	as long as short
Extended ARB-USD	+0.0016%	1h	0.2266	−0.021%	$361K	$2.3M	25x	as long as short
BloFin ARB-USDT	+0.0058%	8h	0.2262	−0.207%	$3.2M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0062%	8h	0.2267	+0.022%	$21.4M	$36.0M	50x	as long as short
BingX ARB-USDT	+0.0063%	8h	0.2266	−0.018%	—	$53.9M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2269	+0.115%	$148K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2269	+0.093%	$1.4M	$7.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2269	+0.128%	$40.9M	$47.5M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2268	+0.053%	$706K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2265	−0.050%	$48K	$184K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2267	+0.026%	$19.7M	$16.1M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2268	+0.050%	$40K	$461K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2274	+0.331%	$486K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2267	+0.022%	$122K	$296K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2271	+0.199%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2267	+0.009%	$294K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2266	−0.022%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2267	+0.022%	$512K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0236%	1h	0.2270	+0.135%	$1.1M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2266	−0.012%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]short	L +0.0296% / S −0.0186%	1h	0.2269	+0.108%	$927K	—	150x
RISEx ARB/USDC	+0.0330%	1h	0.2269	+0.119%	$515K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0475%	1h	0.2270	+0.168%	$1.0M	$2.9M	20x	as long as short