Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Binance against Bybit−0.002%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1121.122% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now −0.002%, 7d avg +0.004%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMTUSDT | 0.008406 | 0.0100 | pay 0.0100% / 8h | 7h 42m | $1.1M | $1.1M | 50x |
| Short | Binance GMTUSDT | 0.008406 | 0.0100 | get 0.0050% / 4h | 3h 42m | $2.7M | $3.1M | 50x |
Bybit GMTUSDT
Binance GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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: −0.002% → +0.004%
- −$0.54
- Slippage, 4 orders
- −$91.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$112.73
- Costs to cover
- 1.122%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 8 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 Bybit live order book, 3 min ago | 2.38 bp | 32.1 bp −$32 | 273.3 bp −$2,733 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.60 bp | 22.7 bp −$23 | 88.8 bp −$888 | 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 | −0.1375% | 1h | 0.008415 | +0.104% | $46K | $11K | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008406 | 0.000% | $125K | $124K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008408 | +0.025% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDTshort | +0.0100% | 4h | 0.008406 | −0.002% | $2.7M | $3.1M | 50x | |
| Bybit GMTUSDTlong | +0.0100% | 8h | 0.008406 | long leg | $1.1M | $1.1M | 50x | |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008405 | −0.012% | $352K | $571K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008410 | +0.048% | $145K | $105K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008406 | 0.000% | $426K | $185K | 20x | as long as short |
| KuCoin GMTUSDTM | +0.0100% | 4h | 0.008400 | −0.071% | $245K | $98K | 50x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008402 | −0.048% | $675K | $398K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Hyperliquid GMT
Aster GMTUSDT
OKX GMT-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX GMT-USDT | +0.0100% | 4h | 0.008406 | 0.000% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008397 | −0.111% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT