Funding you earn now, next payment 08:00 UTC−0.0408%/8h= −44.7% APRnext payment −$2.04 per $10,000 · paid last 24h −0.034%
Price spread now: KuCoin against Binance−0.225%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1601.596% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.225%, 7d avg −0.077%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and KuCoin is 0.147% cheaper against Binance than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GMTUSDT | 0.008459 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $2.9M | $5.3M | 50x |
| Short | KuCoin GMTUSDTM | 0.008440 | −0.0308 | pay 0.0154% / 4h | 2h 37m | $259K | $181K | 50x |
Binance GMTUSDT
KuCoin GMTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$85.68
- Price spread: −0.225% → −0.077%
- −$14.72
- Slippage, 4 orders
- −$137.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$260.02
- Costs to cover
- 1.596%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; KuCoin: live order book, 20 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, 1 min ago | 1.18 bp | 18.1 bp −$18 | 171.8 bp −$1,718 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 11.75 bp | 46.6 bp −$47 | 245.6 bp −$2,456 | 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 | −0.1179% | 1h | 0.008460 | +0.006% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDT | −0.0459% | 8h | 0.008456 | −0.035% | $1.0M | $2.0M | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0429% | 4h | 0.008454 | −0.059% | $391K | $1.2M | 20x | as long as short |
| Variational Omni GMT | −0.0313% | 8h | 0.008437 | −0.258% | $4K | $5K | — | as long as short |
| KuCoin GMTUSDTMshort | −0.0308% | 4h | 0.008440 | −0.225% | $259K | $181K | 50x | |
| Bitget GMTUSDT | +0.0028% | 4h | 0.008456 | −0.035% | $677K | $625K | 50x | as long as short |
| Aster GMTUSDT | +0.0048% | 4h | 0.008462 | +0.037% | $7K | $23K | 10x | as long as short |
| BingX GMT-USDT | +0.0050% | 4h | 0.008454 | −0.059% | — | $1.3M | — | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008465 | +0.071% | $113K | $152K | 3x | as long as short |
| Binance GMTUSDTlong | +0.0100% | 4h | 0.008459 | long leg | $2.9M | $5.3M | 50x |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Variational Omni GMT
Bitget GMTUSDT
Aster GMTUSDT
BingX GMT-USDT
Hyperliquid GMTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDT | +0.0100% | 8h | 0.008440 | −0.225% | $143K | $175K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008460 | +0.012% | $428K | $211K | 20x | as long as short |
Gate GMT_USDT
MEXC GMT_USDT