Settings8H · net · $10k
Funding arb · Price arb /

GMT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Binance−0.017%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1291.286% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.217%−$22 on $10k
Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.017%, 7d avg +0.018%
Together, before fees−0.265%−$27 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.034% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance GMTUSDT0.0083110.0100pay 0.0050% / 4h2h 40m$2.6M$3.0M50x
ShortGate GMT_USDT0.0083100.0100get 0.0100% / 8h2h 40m$149K$102K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Funding earned
$0
Price spread: −0.017% → +0.018%
−$3.42
Slippage, 4 orders
−$103.63
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$132.05
Costs to cover
1.286%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Gate: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago1.80 bp19.8 bp −$20122.9 bp −$1,229doesn't fitdoesn't fit
Sell Gate live order book, 42 min ago6.01 bp44.6 bp −$45doesn't fitdoesn't fitdoesn't fit

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSD−0.1132%1h0.008311+0.001%$47K$8K20xas long as short
KuCoin GMTUSDTM+0.0076%4h0.008290−0.257%$256K$100K50xas long as short
Hyperliquid GMT+0.0100%1h0.008314+0.032%$122K$123K3xas long as short
Aster GMTUSDT+0.0100%4h0.008308−0.038%$8K$14K10xas long as short
Binance GMTUSDTlong+0.0100%4h0.008311long leg$2.6M$3.0M50x
Bybit GMTUSDT+0.0100%8h0.008305−0.077%$1.1M$1.1M50xas long as short
OKX GMT-USDT-SWAP+0.0100%4h0.008305−0.077%$342K$552K20xas long as short
Gate GMT_USDTshort+0.0100%8h0.008310−0.017%$149K$102K50x
MEXC GMT_USDT+0.0100%4h0.008309−0.029%$411K$181K20xas long as short
Bitget GMTUSDT+0.0100%4h0.008303−0.101%$668K$405K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008306−0.065%$1.2Mas long as short
Variational Omni GMT+0.0100%8h0.008304−0.088%$3K$5Kas long as short