Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h +0.028%
Price spread now: Bybit against KuCoin−0.247%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1701.699% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)+0.304%+$30 · spread now −0.247%, 7d avg +0.047%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.294% cheaper against KuCoin than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.047%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.131%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GMTUSDTM | 0.008510 | −0.0238 | get 0.0119% / 4h | 1h 36m | $252K | $190K | 50x |
| Short | Bybit GMTUSDT | 0.008489 | −0.0342 | pay 0.0342% / 8h | 1h 36m | $1.1M | $2.1M | 50x |
KuCoin GMTUSDTM
Bybit GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$21.8
- Price spread: −0.247% → +0.047%
- −$29.36
- Slippage, 4 orders
- −$146.93
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$221.09
- Costs to cover
- 1.699%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 11.75 bp | 50.0 bp −$50 | 313.5 bp −$3,135 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.93 bp | 37.3 bp −$37 | 183.8 bp −$1,838 | 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 | −0.1286% | 1h | 0.008507 | −0.032% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDTshort | −0.0342% | 8h | 0.008489 | −0.247% | $1.1M | $2.1M | 50x | |
| Variational Omni GMT | −0.0310% | 8h | 0.008517 | +0.082% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTMlong | −0.0238% | 4h | 0.008510 | long leg | $252K | $190K | 50x | |
| OKX GMT-USDT-SWAP | −0.0204% | 4h | 0.008484 | −0.306% | $391K | $1.2M | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008490 | −0.235% | $113K | $143K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008501 | −0.102% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008488 | −0.261% | $2.9M | $5.4M | 50x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008500 | −0.118% | $146K | $179K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008492 | −0.212% | $437K | $212K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
OKX GMT-USDT-SWAP
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Gate GMT_USDT
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 | 0.008504 | −0.071% | $676K | $631K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008496 | −0.165% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT