Funding you earn now, next payment 04:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h +0.048%
Price spread now: GMX against Variational Omni−0.108%7-day average +0.033% · 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)+0.117%+$12 on $10k
+Price spread, last 4 days (all we have)+0.917%+$92 · spread now −0.108%, 7d avg +0.033%
=Together, before fees+1.034%+ Points / potential airdropVariational Omni: Active · farm board+$103 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.141% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.033%). If the spread goes back, that is −$14 on $10k: about 42 hours of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.117% in total) that is about 4.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ARB | 0.2201 | −0.0116 | get 0.0116% / 8h | 4h 41m | $1.8M | $2.9M | — |
| Short | GMX ARB/USD [ARB-USDC] | 0.2199 | L +0.0273% / S −0.0155% | get 0.0019% / 1h | 41m 39s | $820K | — | 150x |
Variational Omni ARB
GMX ARB/USD [ARB-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- $57.06
- Price spread: −0.108% → +0.033%
- −$14.12
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $30.95
- Costs to cover
- 0.120%
- Break-even
- 3.2 days
Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 2 min ago | 6.82 bp | doesn't fit | 15.9 bp −$159 | 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 | −0.1649% | 1h | 0.2193 | −0.374% | $40K | $372K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0168% | 1h | 0.2196 | −0.243% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0145% | 1h | 0.2198 | −0.138% | $91K | $2.2M | 10x | as long as short |
| OKX ARB-USDT-SWAP | −0.0136% | 8h | 0.2197 | −0.184% | $22.2M | $147.7M | 50x | as long as short |
| MEXC ARB_USDT | −0.0135% | 8h | 0.2198 | −0.165% | $40.6M | $59.6M | 200x | as long as short |
| Variational Omni ARBlong | −0.0116% | 8h | 0.2201 | long leg | $1.8M | $2.9M | — | |
| Gate ARB_USDT | −0.0102% | 8h | 0.2198 | −0.147% | $5.3M | $18.7M | 60x | as long as short |
| Orderly PERP_ARB_USDC | −0.0078% | 8h | 0.2198 | −0.147% | $12K | $390K | 10x | as long as short |
| Bybit ARBUSDT | −0.0045% | 8h | 0.2197 | −0.179% | $55.7M | $126.0M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0006% | 1h | 0.2199 | −0.110% | $1.1M | $4.4M | 50x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Polymarket Perps ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Gate ARB_USDT
Orderly PERP_ARB_USDC
Bybit ARBUSDT
Kraken Futures PF_ARBUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ARB-USD | 0.0000% | 1h | 0.2199 | −0.093% | $65K | $5K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2199 | −0.116% | $24K | $34K | 25x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2199 | −0.087% | $32K | — | 150x | as long as short |
| Extended ARB-USD | +0.0008% | 1h | 0.2197 | −0.203% | $351K | $2.5M | 25x | as long as short |
| Binance ARBUSDT | +0.0008% | 8h | 0.2198 | −0.135% | $64.1M | $306.3M | 75x | as long as short |
| SoDEX ARB-USD | +0.0025% | 1h | 0.2198 | −0.170% | $10K | $2.3M | 5x | as long as short |
| BloFin ARB-USDT | +0.0041% | 8h | 0.2197 | −0.188% | $3.1M | $2.6M | 75x | as long as short |
| Bitget ARBUSDT | +0.0064% | 8h | 0.2197 | −0.193% | $20.9M | $34.6M | 50x | as long as short |
| BingX ARB-USDC | +0.0066% | 8h | 0.2198 | −0.129% | — | $6.5M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2200 | −0.075% | $139K | $7K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2198 | −0.134% | $1.2M | $5.7M | 15x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2200 | −0.066% | $38.0M | $48.8M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2199 | −0.093% | $634K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2198 | −0.137% | $43K | $169K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2199 | −0.116% | $19.5M | $15.1M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2199 | −0.103% | $40K | $463K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2201 | −0.012% | $469K | $3.6M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2200 | −0.056% | $120K | $284K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2201 | −0.011% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2198 | −0.143% | $298K | $952K | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2199 | −0.102% | $4.9M | $12.8M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0224% | 1h | 0.2203 | +0.080% | $493K | $2.0M | 50x | as long as short |
| RISEx ARB/USDC | +0.0225% | 1h | 0.2198 | −0.136% | $476K | $2.6M | 10x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0273% / S −0.0155% | 1h | 0.2199 | −0.108% | $820K | — | 150x | |
| Reya ARBRUSDPERP | +0.0289% | 1h | 0.2197 | −0.170% | $2K | $695 | 20x | as long as short |
| Backpack ARB_USDC_PERP | +0.0615% | 1h | 0.2201 | +0.003% | $995K | $2.8M | 20x | as long as short |
dYdX ARB-USD
Deribit ARB_USDC-PERPETUAL
gTrade (Gains Network) ARB/USD
Extended ARB-USD
Binance ARBUSDT
SoDEX 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
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
RISEx ARB/USDC
Reya ARBRUSDPERP
Backpack ARB_USDC_PERP