Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against Gate+0.024%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1441.437% of the position
Funding, last 7 days+0.235%+$23 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.024%, 7d avg −0.049%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.073% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GMT_USDT | 0.008320 | 0.0100 | pay 0.0100% / 8h | 1h 56m | $147K | $104K | 50x |
| Short | Bybit GMTUSDT | 0.008322 | 0.0100 | get 0.0100% / 8h | 1h 56m | $1.1M | $1.1M | 50x |
Gate GMT_USDT
Bybit GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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: +0.024% → −0.049%
- $7.33
- Slippage, 4 orders
- −$117.66
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$136.33
- Costs to cover
- 1.437%
- Break-even
- never at this rate
Slippage from Gate: live order book, 19 min ago; Bybit: live order book, 4 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 Gate live order book, 19 min ago | 11.99 bp | 34.3 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.41 bp | 34.6 bp −$35 | 183.5 bp −$1,835 | 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 | −0.0999% | 1h | 0.008310 | −0.116% | $45K | $10K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0032% | 4h | 0.008300 | −0.240% | $257K | $99K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008336 | +0.192% | $123K | $123K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008318 | −0.029% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008331 | +0.134% | $2.7M | $3.0M | 50x | as long as short |
| Bybit GMTUSDTshort | +0.0100% | 8h | 0.008322 | +0.024% | $1.1M | $1.1M | 50x | |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008327 | +0.084% | $343K | $553K | 20x | as long as short |
| Gate GMT_USDTlong | +0.0100% | 8h | 0.008320 | long leg | $147K | $104K | 50x | |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008328 | +0.096% | $412K | $181K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008321 | +0.012% | $669K | $403K | 50x | as long as short |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
OKX GMT-USDT-SWAP
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 | 0.008318 | −0.024% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008305 | −0.184% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT