Funding you earn now, next payment 08:00 UTC−0.0504%/8h= −55.2% APRpaid last 24h −0.009%
Price spread now: Bybit against BingX−0.012%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1301.296% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now −0.012%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment. 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 | BingX GMT-USDT | 0.008462 | 0.0064 | pay 0.0032% / 4h | 2h 43m | — | $1.3M | — |
| Short | Bybit GMTUSDT | 0.008461 | −0.0440 | pay 0.0440% / 8h | 2h 43m | $1.1M | $2.0M | 50x |
BingX GMT-USDT
Bybit GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- −$105.84
- Price spread: −0.012% → −0.005%
- −$0.7
- Slippage, 4 orders
- −$108.56
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$236.11
- Costs to cover
- 1.296%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Bybit: live order book, 3 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 BingX live order book, 7 min ago | 5.87 bp | 28.7 bp −$29 | 82.1 bp −$821 | 592.7 bp −$59.3K | 837.1 bp −$418.6K |
| Sell Bybit live order book, 3 min ago | 2.95 bp | 37.7 bp −$38 | 180.1 bp −$1,801 | 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 | −0.1176% | 1h | 0.008480 | +0.214% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDTshort | −0.0440% | 8h | 0.008461 | −0.012% | $1.1M | $2.0M | 50x | |
| OKX GMT-USDT-SWAP | −0.0370% | 4h | 0.008458 | −0.047% | $393K | $1.2M | 20x | as long as short |
| Variational Omni GMT | −0.0309% | 8h | 0.008481 | +0.225% | $4K | $5K | — | as long as short |
| KuCoin GMTUSDTM | −0.0266% | 4h | 0.008490 | +0.331% | $261K | $181K | 50x | as long as short |
| Bitget GMTUSDT | +0.0048% | 4h | 0.008467 | +0.059% | $677K | $622K | 50x | as long as short |
| Aster GMTUSDT | +0.0053% | 4h | 0.008473 | +0.135% | $7K | $22K | 10x | as long as short |
| BingX GMT-USDTlong | +0.0064% | 4h | 0.008462 | long leg | — | $1.3M | — | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008471 | +0.106% | $113K | $151K | 3x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008467 | +0.055% | $2.9M | $5.3M | 50x | as long as short |
Kraken Futures PF_GMTUSD
OKX GMT-USDT-SWAP
Variational Omni GMT
KuCoin GMTUSDTM
Bitget GMTUSDT
Aster GMTUSDT
Hyperliquid GMT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDT | +0.0100% | 8h | 0.008490 | +0.331% | $144K | $175K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008468 | +0.071% | $429K | $210K | 20x | as long as short |
Gate GMT_USDT
MEXC GMT_USDT