Funding you earn now, next payment 04:00 UTC+0.0244%/8h= +26.7% APRnext payment +$1.22 per $10,000 · paid last 24h +0.005%
Price spread now: BingX against KuCoin−0.057%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1741.735% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.057%, 7d avg +0.059%
=Funding pays, the price is against you. BingX is 0.117% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.059%). If the spread goes back, that is −$12 on $10k: about 38 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.152% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.22 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 | 0.008720 | −0.0144 | get 0.0072% / 4h | 2h 24m | $284K | $183K | 50x |
| Short | BingX GMT-USDT | 0.008715 | 0.0100 | get 0.0050% / 4h | 2h 24m | — | $1.2M | — |
KuCoin GMTUSDTM
BingX GMT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $51.24
- Price spread: −0.057% → +0.059%
- −$11.68
- Slippage, 4 orders
- −$151.52
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$133.96
- Costs to cover
- 1.735%
- Break-even
- 25.3 days
Slippage from KuCoin: live order book, 11 min ago; BingX: live order book, 10 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, 11 min ago | 17.09 bp | 57.0 bp −$57 | 370.0 bp −$3,700 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 6.83 bp | 26.1 bp −$26 | 77.9 bp −$779 | 416.0 bp −$41.6K | 735.3 bp −$367.7K |
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 | −0.0630% | 1h | 0.008707 | −0.145% | $45K | $13K | 20x | as long as short |
| Bybit GMTUSDT | −0.0179% | 8h | 0.008718 | −0.023% | $1.2M | $1.8M | 50x | as long as short |
| Gate GMT_USDT | −0.0160% | 8h | 0.008710 | −0.115% | $156K | $168K | 50x | as long as short |
| KuCoin GMTUSDTMlong | −0.0144% | 4h | 0.008720 | long leg | $284K | $183K | 50x | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008701 | −0.218% | $127K | $140K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008710 | −0.115% | $10K | $20K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008720 | 0.000% | $3.0M | $4.6M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008723 | +0.034% | $422K | $1.0M | 20x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008717 | −0.034% | $451K | $212K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008722 | +0.023% | $700K | $614K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
Gate GMT_USDT
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-USDTshort | +0.0100% | 4h | 0.008715 | −0.057% | — | $1.2M | — | |
| Variational Omni GMT | +0.0100% | 8h | 0.008689 | −0.360% | $4K | $5K | — | as long as short |
Variational Omni GMT