Funding arb · Price arb /

GMT

all GMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1144%/8h= −125.3% APRpaid last 24h −0.284%

Price spread now: Kraken Futures against KuCoin+0.027%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.027% dearer against KuCoin than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GMTUSDTM	0.008530	−0.0430	get 0.0215% / 4h	3h 28m	$276K	$178K	50x
Short	Kraken Futures PF_GMTUSD	0.008532	−0.1574	pay 0.0197% / 1h	28m 14s	$44K	$13K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$240.25
Price spread: +0.027% → 0.000%: $2.74
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$259.51
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 43 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 43 min ago	11.67 bp	51.6 bp −$52	352.2 bp −$3,522	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_GMTUSDshort	−0.1574%	1h	0.008532	+0.027%	$44K	$13K	20x
Bybit GMTUSDT	−0.0490%	8h	0.008527	−0.035%	$1.1M	$2.0M	50x	as long as short
OKX GMT-USDT-SWAP	−0.0457%	4h	0.008522	−0.094%	$398K	$1.2M	20x	as long as short
KuCoin GMTUSDTMlong	−0.0430%	4h	0.008530	long leg	$276K	$178K	50x
Variational Omni GMT	−0.0269%	8h	0.008561	+0.358%	$4K	$5K	—	as long as short
Aster GMTUSDT	−0.0089%	4h	0.008540	+0.122%	$7K	$22K	10x	as long as short
Bitget GMTUSDT	−0.0024%	4h	0.008527	−0.035%	$678K	$615K	50x	as long as short
BingX GMT-USDT	+0.0050%	4h	0.008534	+0.047%	—	$1.3M	—	as long as short
Hyperliquid GMT	+0.0100%	1h	0.008526	−0.047%	$112K	$150K	3x	as long as short
Binance GMTUSDT	+0.0100%	4h	0.008529	−0.012%	$2.9M	$5.2M	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate GMT_USDT	+0.0100%	8h	0.008540	+0.117%	$150K	$175K	50x	as long as short
MEXC GMT_USDT	+0.0100%	4h	0.008526	−0.047%	$432K	$209K	20x	as long as short