Funding you earn now, next payment 04:00 UTC+0.0630%/8h= +69.0% APRnext payment +$3.15 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin+0.234%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1611.609% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.234%, 7d avg +0.079%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Binance is 0.155% dearer against KuCoin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.15 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 | KuCoin GMTUSDTM | 0.008540 | −0.0530 | get 0.0265% / 4h | 1h 13m | $279K | $191K | 50x |
| Short | Binance GMTUSDT | 0.008560 | 0.0100 | get 0.0050% / 4h | 1h 13m | $2.9M | $5.1M | 50x |
KuCoin GMTUSDTM
Binance GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $132.3
- Price spread: +0.234% → +0.079%
- $15.51
- Slippage, 4 orders
- −$138.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$13.06
- Costs to cover
- 1.609%
- Break-even
- 7.7 days
Slippage from KuCoin: live order book, 7 min ago; Binance: live order book, 9 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 KuCoin live order book, 7 min ago | 11.68 bp | 53.3 bp −$53 | 298.9 bp −$2,989 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.76 bp | 26.8 bp −$27 | 96.2 bp −$962 | 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 | −0.1567% | 1h | 0.008544 | +0.047% | $44K | $14K | 20x | as long as short |
| KuCoin GMTUSDTMlong | −0.0530% | 4h | 0.008540 | long leg | $279K | $191K | 50x | |
| OKX GMT-USDT-SWAP | −0.0286% | 4h | 0.008553 | +0.152% | $394K | $1.2M | 20x | as long as short |
| Bybit GMTUSDT | −0.0257% | 8h | 0.008555 | +0.176% | $1.1M | $1.9M | 50x | as long as short |
| Aster GMTUSDT | −0.0004% | 4h | 0.008550 | +0.117% | $7K | $22K | 10x | as long as short |
| Gate GMT_USDT | +0.0045% | 8h | 0.008560 | +0.234% | $147K | $180K | 50x | as long as short |
| Variational Omni GMT | +0.0051% | 8h | 0.008540 | −0.002% | $3K | $5K | — | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008548 | +0.094% | $114K | $151K | 3x | as long as short |
| Binance GMTUSDTshort | +0.0100% | 4h | 0.008560 | +0.234% | $2.9M | $5.1M | 50x | |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008553 | +0.152% | $444K | $214K | 20x | as long as short |
Kraken Futures PF_GMTUSD
OKX GMT-USDT-SWAP
Bybit GMTUSDT
Aster GMTUSDT
Gate GMT_USDT
Variational Omni GMT
Hyperliquid GMT
MEXC GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMTUSDT | +0.0100% | 4h | 0.008541 | +0.012% | $674K | $640K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008550 | +0.117% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT