Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Bybit against Binance−0.012%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1231.234% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days+0.032%+$3 · spread now −0.012%, 7d avg −0.004%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GMTUSDT | 0.008461 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $2.7M | $3.4M | 50x |
| Short | Bybit GMTUSDT | 0.008460 | 0.0100 | get 0.0100% / 8h | 6h 55m | $1.1M | $1.2M | 50x |
Binance GMTUSDT
Bybit GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $0
- Price spread: −0.012% → −0.004%
- −$0.81
- Slippage, 4 orders
- −$102.38
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$124.18
- Costs to cover
- 1.234%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 5 min ago.
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 Binance live order book, 10 min ago | 1.17 bp | 23.6 bp −$24 | 130.4 bp −$1,304 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.52 bp | 43.0 bp −$43 | 179.3 bp −$1,793 | doesn't fit | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.0647% | 1h | 0.008479 | +0.218% | $45K | $13K | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008468 | +0.083% | $126K | $121K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008472 | +0.134% | $9K | $18K | 10x | as long as short |
| Binance GMTUSDTlong | +0.0100% | 4h | 0.008461 | long leg | $2.7M | $3.4M | 50x | |
| Bybit GMTUSDTshort | +0.0100% | 8h | 0.008460 | −0.012% | $1.1M | $1.2M | 50x | |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008455 | −0.071% | $356K | $656K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008470 | +0.106% | $148K | $110K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008460 | −0.012% | $417K | $188K | 20x | as long as short |
| KuCoin GMTUSDTM | +0.0100% | 4h | 0.008470 | +0.106% | $256K | $107K | 50x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008458 | −0.035% | $684K | $437K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Hyperliquid GMT
Aster GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
MEXC GMT_USDT
KuCoin GMTUSDTM
Bitget GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMT-USDT | +0.0100% | 4h | 0.008463 | +0.024% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008493 | +0.380% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT