Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.018%
Price spread now: GMX against SunX−0.249%7-day average −0.067% · 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)+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)−0.141%−$14 · spread now −0.249%, 7d avg −0.067%
=Funding pays, the price is against you. GMX is 0.183% cheaper against SunX than usual: you would sell low and buy high (spread −0.249% now, against its 7-day average of −0.067%). If the spread goes back, that is −$18 on $10k: about 7.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX ARB-USDT | 0.2279 | 0.0100 | pay 0.0100% / 8h | 25m 53s | $2K | $1.1M | 30x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2273 | L +0.0296% / S −0.0186% | get 0.0023% / 1h | 25m 53s | $930K | — | 150x |
SunX ARB-USDT
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against SunX. 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
- $18
- Price spread: −0.249% → −0.067%
- −$18.26
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$20.26
- Costs to cover
- 0.200%
- Break-even
- 14.9 days
Slippage unknown: SunX: live order book, 7 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 SunX live order book, 7 min ago | 30.66 bp | 60.2 bp −$60 | doesn't fit | 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 | 0.2263 | −0.702% | $41K | $372K | 12x | as long as short |
| Polymarket Perps ARB-USD | −0.0271% | 1h | 0.2274 | −0.206% | $75K | $2.0M | 10x | as long as short |
| Variational Omni ARB | −0.0183% | 8h | 0.2274 | −0.229% | $2.0M | $2.8M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2275 | −0.180% | $7K | $2K | 10x | as long as short |
| Bybit ARBUSDT | −0.0162% | 8h | 0.2270 | −0.391% | $58.5M | $128.3M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0109% | 8h | 0.2270 | −0.395% | $22.9M | $159.9M | 50x | as long as short |
| MEXC ARB_USDT | −0.0107% | 8h | 0.2270 | −0.412% | $38.0M | $59.7M | 200x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0058% | 1h | 0.2273 | −0.281% | $26K | $32K | 25x | as long as short |
| SoDEX ARB-USD | −0.0052% | 1h | 0.2272 | −0.298% | $4K | $2.6M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0039% | 8h | 0.2273 | −0.263% | $13K | $395K | 10x | as long as short |
Injective ARB/USDC PERP
Polymarket Perps ARB-USD
Variational Omni ARB
01 Exchange ARBUSD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Deribit ARB_USDC-PERPETUAL
SoDEX ARB-USD
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 | 0.2277 | −0.100% | $67K | $4K | 10x | as long as short |
| Gate ARB_USDT | +0.0004% | 8h | 0.2269 | −0.434% | $5.5M | $20.2M | 60x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2274 | −0.230% | $55K | — | 150x | as long as short |
| Binance ARBUSDT | +0.0015% | 8h | 0.2271 | −0.347% | $66.6M | $313.1M | 75x | as long as short |
| Extended ARB-USD | +0.0016% | 1h | 0.2269 | −0.458% | $361K | $2.3M | 25x | as long as short |
| BloFin ARB-USDT | +0.0061% | 8h | 0.2276 | −0.110% | $3.2M | $2.8M | 75x | as long as short |
| Bitget ARBUSDT | +0.0064% | 8h | 0.2269 | −0.439% | $21.4M | $35.9M | 50x | as long as short |
| BingX ARB-USDC | +0.0066% | 8h | 0.2267 | −0.513% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0088% | 1h | 0.2274 | −0.223% | $149K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2274 | −0.233% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2275 | −0.171% | $41.4M | $47.5M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2272 | −0.300% | $708K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2278 | −0.059% | $48K | $184K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2270 | −0.395% | $19.7M | $16.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2279 | −0.013% | $40K | $460K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2277 | −0.082% | $487K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2281 | +0.088% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDTlong | +0.0100% | 8h | 0.2279 | long leg | $2K | $1.1M | 30x | |
| HTX ARB-USDT | +0.0100% | 8h | 0.2275 | −0.189% | $290K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2276 | −0.132% | $5.2M | $13.1M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2281 | +0.088% | $513K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0235% | 1h | 0.2274 | −0.206% | $1.2M | $4.9M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2274 | −0.239% | $2K | $695 | 20x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0296% / S −0.0186% | 1h | 0.2273 | −0.249% | $930K | — | 150x | |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2277 | −0.070% | $504K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0474% | 1h | 0.2275 | −0.171% | $925K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Gate ARB_USDT
gTrade (Gains Network) ARB/USD
Binance ARBUSDT
Extended ARB-USD
BloFin ARB-USDT
Bitget ARBUSDT
BingX ARB-USDC
Aevo ARB-PERP
Lighter ARB
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP