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

GMT

all GMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Bitget against Bybit+0.072%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1151.146% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.062%−$6 on $10k
Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.072%, 7d avg +0.040%
Together, before fees−0.127%−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.032% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit GMTUSDT0.0083310.0100pay 0.0100% / 8h10m 37s$1.1M$1.1M50x
ShortBitget GMTUSDT0.0083370.0100get 0.0050% / 4h10m 37s$672K$398K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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: +0.072% → +0.040%
$3.22
Slippage, 4 orders
−$91.64
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$111.42
Costs to cover
1.146%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 65 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 Bybit live order book, 5 min ago3.60 bp35.9 bp −$36272.1 bp −$2,721doesn't fitdoesn't fit
Sell Bitget live order book, 65 min ago7.82 bp24.6 bp −$25228.6 bp −$2,286doesn'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−0.1565%1h0.008339+0.090%$45K$11K20xas long as short
Hyperliquid GMT+0.0100%1h0.008339+0.096%$123K$123K3xas long as short
Aster GMTUSDT+0.0100%4h0.008330−0.007%$8K$14K10xas long as short
Binance GMTUSDT+0.0100%4h0.008334+0.039%$2.7M$3.0M50xas long as short
Bybit GMTUSDTlong+0.0100%8h0.008331long leg$1.1M$1.1M50x
OKX GMT-USDT-SWAP+0.0100%4h0.008323−0.096%$347K$561K20xas long as short
Gate GMT_USDT+0.0100%8h0.008340+0.108%$145K$105K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008333+0.024%$420K$185K20xas long as short
KuCoin GMTUSDTM+0.0100%4h0.008330−0.012%$249K$99K50xas long as short
Bitget GMTUSDTshort+0.0100%4h0.008337+0.072%$672K$398K50x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni GMT+0.0100%8h0.008327−0.051%$3K$5Kas long as short
BingX GMT-USDT+0.0200%4h0.008333+0.024%$1.2Mas long as short