Funding you earn now, next payment 00:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.71 per $10,000 · paid last 24h +0.003%
Price spread now: MEXC against KuCoin+0.229%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1101.100% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.229%, 7d avg +0.084%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.144% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GMTUSDTM | 0.008300 | −0.0042 | get 0.0021% / 4h | 1h 25m | $252K | $100K | 50x |
| Short | MEXC GMT_USDT | 0.008319 | 0.0100 | get 0.0050% / 4h | 1h 25m | $421K | $185K | 20x |
KuCoin GMTUSDTM
MEXC GMT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $29.82
- Price spread: +0.229% → +0.084%
- $14.45
- Slippage, 4 orders
- −$93.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$65.72
- Costs to cover
- 1.100%
- Break-even
- 22.4 days
Slippage from KuCoin: live order book, 45 min ago; MEXC: live order book, 48 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, 45 min ago | 18.02 bp | 44.4 bp −$44 | 266.1 bp −$2,661 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 48 min ago | 1.20 bp | 8.2 bp −$8 | 34.3 bp −$343 | 251.9 bp −$25.2K | 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 | −0.0998% | 1h | 0.008316 | +0.189% | $45K | $10K | 20x | as long as short |
| KuCoin GMTUSDTMlong | −0.0042% | 4h | 0.008300 | long leg | $252K | $100K | 50x | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008325 | +0.301% | $122K | $124K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008318 | +0.217% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008320 | +0.241% | $2.6M | $3.0M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008313 | +0.157% | $1.1M | $1.1M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008313 | +0.157% | $345K | $551K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008310 | +0.120% | $146K | $105K | 50x | as long as short |
| MEXC GMT_USDTshort | +0.0100% | 4h | 0.008319 | +0.229% | $421K | $185K | 20x | |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008315 | +0.181% | $670K | $400K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Gate 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 | 0.008319 | +0.229% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008295 | −0.055% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT