Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance−0.107%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1101.095% of the position
Funding, last 7 days−0.215%−$21 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.107%, 7d avg −0.068%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.039% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GMTUSDT | 0.008380 | 0.0100 | pay 0.0050% / 4h | 3m 45s | $2.7M | $3.1M | 50x |
| Short | OKX GMT-USDT-SWAP | 0.008371 | 0.0100 | get 0.0050% / 4h | 3m 45s | $349K | $565K | 20x |
Binance GMTUSDT
OKX GMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.107% → −0.068%
- −$3.94
- Slippage, 4 orders
- −$89.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$113.45
- Costs to cover
- 1.095%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; OKX: live order book, 7 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, 2 min ago | 2.39 bp | 17.4 bp −$17 | 104.9 bp −$1,049 | doesn't fit | doesn't fit |
| Sell OKX live order book, 7 min ago | 2.40 bp | 31.1 bp −$31 | doesn't fit | 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 | −0.1557% | 1h | 0.008381 | +0.009% | $46K | $11K | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008380 | 0.000% | $123K | $123K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008378 | −0.020% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDTlong | +0.0100% | 4h | 0.008380 | long leg | $2.7M | $3.1M | 50x | |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008377 | −0.036% | $1.1M | $1.1M | 50x | as long as short |
| OKX GMT-USDT-SWAPshort | +0.0100% | 4h | 0.008371 | −0.107% | $349K | $565K | 20x | |
| Gate GMT_USDT | +0.0100% | 8h | 0.008370 | −0.119% | $144K | $106K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008380 | 0.000% | $423K | $187K | 20x | as long as short |
| KuCoin GMTUSDTM | +0.0100% | 4h | 0.008370 | −0.119% | $248K | $102K | 50x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008373 | −0.084% | $675K | $398K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Hyperliquid GMT
Aster GMTUSDT
Bybit GMTUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMT | +0.0100% | 8h | 0.008349 | −0.365% | $3K | $5K | — | as long as short |
| BingX GMT-USDT | +0.0200% | 4h | 0.008374 | −0.072% | — | $1.2M | — | as long as short |
Variational Omni GMT
BingX GMT-USDT