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

GMT

all GMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget−0.010%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1031.029% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.010%, 7d avg −0.006%
Together, before fees+0.074%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget GMTUSDT0.0085630.0100pay 0.0050% / 4h1h 20m$673K$638K50x
ShortBinance GMTUSDT0.0085620.0100get 0.0050% / 4h1h 20m$2.9M$5.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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: −0.010% → −0.006%
−$0.36
Slippage, 4 orders
−$80.86
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$103.22
Costs to cover
1.029%
Break-even
never at this rate
Slippage from Bitget: live order book, 40 min ago; Binance: live order book, 3 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 Bitget live order book, 40 min ago4.66 bp25.5 bp −$26252.9 bp −$2,529doesn't fitdoesn't fit
Sell Binance live order book, 3 min ago1.76 bp26.8 bp −$2796.2 bp −$962doesn'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−0.1562%1h0.008569+0.073%$45K$14K20xas long as short
KuCoin GMTUSDTM−0.0480%4h0.008560−0.035%$280K$191K50xas long as short
OKX GMT-USDT-SWAP−0.0223%4h0.008549−0.163%$394K$1.2M20xas long as short
Bybit GMTUSDT−0.0191%8h0.008564+0.012%$1.1M$1.9M50xas long as short
Aster GMTUSDT+0.0007%4h0.008564+0.016%$7K$22K10xas long as short
Gate GMT_USDT+0.0033%8h0.008570+0.082%$147K$179K50xas long as short
Variational Omni GMT+0.0065%8h0.008559−0.042%$4K$5Kas long as short
Hyperliquid GMT+0.0100%1h0.008558−0.058%$114K$151K3xas long as short
Binance GMTUSDTshort+0.0100%4h0.008562−0.010%$2.9M$5.1M50x
MEXC GMT_USDT+0.0100%4h0.008565+0.023%$445K$212K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMTUSDTlong+0.0100%4h0.008563long leg$673K$638K50x
BingX GMT-USDT+0.0100%4h0.008559−0.047%$1.3Mas long as short