Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.003%
Price spread now: KuCoin against Bybit−0.132%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1591.587% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.132%, 7d avg −0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.087% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMTUSDT | 0.008331 | 0.0100 | pay 0.0100% / 8h | 2h 24m | $1.1M | $1.1M | 50x |
| Short | KuCoin GMTUSDTM | 0.008320 | 0.0098 | get 0.0049% / 4h | 2h 24m | $257K | $99K | 50x |
Bybit GMTUSDT
KuCoin GMTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$0.42
- Price spread: −0.132% → −0.045%
- −$8.65
- Slippage, 4 orders
- −$135.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$167.75
- Costs to cover
- 1.587%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 55 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, 1 min ago | 1.20 bp | 35.3 bp −$35 | 282.5 bp −$2,825 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 55 min ago | 6.01 bp | 38.6 bp −$39 | 241.5 bp −$2,415 | 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 | −0.1129% | 1h | 0.008334 | +0.042% | $47K | $8K | 20x | as long as short |
| KuCoin GMTUSDTMshort | +0.0098% | 4h | 0.008320 | −0.132% | $257K | $99K | 50x | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008335 | +0.048% | $122K | $123K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008325 | −0.071% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008336 | +0.061% | $2.6M | $3.0M | 50x | as long as short |
| Bybit GMTUSDTlong | +0.0100% | 8h | 0.008331 | long leg | $1.1M | $1.1M | 50x | |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008330 | −0.012% | $343K | $554K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008320 | −0.132% | $149K | $103K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008336 | +0.060% | $412K | $182K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008329 | −0.024% | $670K | $405K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
MEXC GMT_USDT
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 | 0.008323 | −0.096% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008326 | −0.064% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT