GMT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0564%/8h= −61.8% APRnext payment −$2.82 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget−0.058%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1721.717% of the position

Long on Bitget Short on KuCoin

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)+0.006%+$1 · spread now −0.058%, 7d avg −0.085%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.027% dearer against Bitget than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.085%): +$3 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.040% in total) that is about 4.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.82 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	Bitget GMTUSDT	0.008635	−0.0022	get 0.0011% / 4h	27m 11s	$683K	$666K	50x
Short	KuCoin GMTUSDTM	0.008630	−0.0586	pay 0.0293% / 4h	27m 11s	$279K	$191K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$118.44
Price spread: −0.058% → −0.085%: $2.67
Slippage, 4 orders: −$147.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$287.44
Costs to cover: 1.717%
Break-even: never at this rate

Slippage from Bitget: live order book, 28 min ago; KuCoin: live order book, 54 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 Bitget live order book, 28 min ago	6.98 bp	29.9 bp −$30	382.1 bp −$3,821	doesn't fit	doesn't fit
Sell KuCoin live order book, 54 min ago	11.68 bp	57.9 bp −$58	245.8 bp −$2,458	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	−0.1462%	1h	0.008636	+0.016%	$45K	$14K	20x	as long as short
KuCoin GMTUSDTMshort	−0.0586%	4h	0.008630	−0.058%	$279K	$191K	50x
Bybit GMTUSDT	−0.0494%	8h	0.008623	−0.139%	$1.1M	$2.0M	50x	as long as short
OKX GMT-USDT-SWAP	−0.0415%	4h	0.008631	−0.046%	$400K	$1.2M	20x	as long as short
Variational Omni GMT	−0.0120%	8h	0.008629	−0.070%	$4K	$5K	—	as long as short
Aster GMTUSDT	−0.0105%	4h	0.008636	+0.014%	$7K	$22K	10x	as long as short
Bitget GMTUSDTlong	−0.0022%	4h	0.008635	long leg	$683K	$666K	50x
BingX GMT-USDT	+0.0050%	4h	0.008634	−0.012%	—	$1.3M	—	as long as short
Hyperliquid GMT	+0.0100%	1h	0.008637	+0.023%	$115K	$154K	3x	as long as short
Binance GMTUSDT	+0.0100%	4h	0.008636	+0.012%	$2.9M	$5.3M	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate GMT_USDT	+0.0100%	8h	0.008650	+0.174%	$152K	$180K	50x	as long as short
MEXC GMT_USDT	+0.0100%	4h	0.008638	+0.035%	$441K	$210K	20x	as long as short