Funding you earn now, next payment 08:00 UTC−0.0420%/8h= −46.0% APRnext payment −$2.10 per $10,000 · paid last 24h −0.037%
Price spread now: KuCoin against BingX−0.212%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1591.591% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.212%, 7d avg −0.060%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and KuCoin is 0.152% cheaper against BingX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.10 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 | BingX GMT-USDT | 0.008508 | 0.0050 | pay 0.0025% / 4h | 3h 09m | — | $1.3M | — |
| Short | KuCoin GMTUSDTM | 0.008490 | −0.0370 | pay 0.0185% / 4h | 3h 09m | $274K | $177K | 50x |
BingX GMT-USDT
KuCoin GMTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$88.2
- Price spread: −0.212% → −0.060%
- −$15.17
- Slippage, 4 orders
- −$137.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$262.51
- Costs to cover
- 1.591%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 62 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, 6 min ago | 6.46 bp | 22.3 bp −$22 | 58.9 bp −$589 | 606.9 bp −$60.7K | 893.0 bp −$446.5K |
| Sell KuCoin live order book, 62 min ago | 11.67 bp | 57.9 bp −$58 | 237.2 bp −$2,372 | 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 | −0.1580% | 1h | 0.008501 | −0.086% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDT | −0.0483% | 8h | 0.008496 | −0.141% | $1.1M | $2.0M | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0453% | 4h | 0.008499 | −0.106% | $396K | $1.2M | 20x | as long as short |
| KuCoin GMTUSDTMshort | −0.0370% | 4h | 0.008490 | −0.212% | $274K | $177K | 50x | |
| Variational Omni GMT | −0.0300% | 8h | 0.008497 | −0.130% | $4K | $5K | — | as long as short |
| Aster GMTUSDT | −0.0046% | 4h | 0.008504 | −0.047% | $7K | $22K | 10x | as long as short |
| Bitget GMTUSDT | −0.0004% | 4h | 0.008501 | −0.082% | $675K | $613K | 50x | as long as short |
| BingX GMT-USDTlong | +0.0050% | 4h | 0.008508 | long leg | — | $1.3M | — | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008505 | −0.035% | $112K | $149K | 3x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008503 | −0.061% | $2.9M | $5.2M | 50x | as long as short |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Variational Omni GMT
Aster GMTUSDT
Bitget 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 | 0.008510 | +0.024% | $145K | $178K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008507 | −0.012% | $431K | $210K | 20x | as long as short |
Gate GMT_USDT
MEXC GMT_USDT