GMT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0300%/8h= −32.8% APRnext payment −$1.50 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC−0.185%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1411.411% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.185%, 7d avg −0.083%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.102% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.083%). Swap the legs.

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 −$1.50 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	MEXC GMT_USDT	0.008646	0.0100	pay 0.0050% / 4h	2h 21m	$447K	$212K	20x
Short	KuCoin GMTUSDTM	0.008630	−0.0200	pay 0.0100% / 4h	2h 21m	$281K	$183K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$63
Price spread: −0.185% → −0.083%: −$10.24
Slippage, 4 orders: −$125.09
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$214.33
Costs to cover: 1.411%
Break-even: never at this rate

Slippage from MEXC: live order book, 29 min ago; KuCoin: live order book, 14 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 MEXC live order book, 29 min ago	2.88 bp	10.1 bp −$10	64.6 bp −$646	253.9 bp −$25.4K	doesn't fit
Sell KuCoin live order book, 14 min ago	17.09 bp	63.1 bp −$63	249.9 bp −$2,499	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	−0.0635%	1h	0.008642	−0.050%	$45K	$13K	20x	as long as short
KuCoin GMTUSDTMshort	−0.0200%	4h	0.008630	−0.185%	$281K	$183K	50x
Bybit GMTUSDT	−0.0197%	8h	0.008638	−0.093%	$1.1M	$1.8M	50x	as long as short
Gate GMT_USDT	−0.0161%	8h	0.008650	+0.046%	$153K	$170K	50x	as long as short
Hyperliquid GMT	+0.0100%	1h	0.008643	−0.035%	$127K	$140K	3x	as long as short
Aster GMTUSDT	+0.0100%	4h	0.008644	−0.024%	$10K	$20K	10x	as long as short
Binance GMTUSDT	+0.0100%	4h	0.008644	−0.021%	$3.0M	$4.7M	50x	as long as short
OKX GMT-USDT-SWAP	+0.0100%	4h	0.008638	−0.093%	$420K	$1.0M	20x	as long as short
MEXC GMT_USDTlong	+0.0100%	4h	0.008646	long leg	$447K	$212K	20x
Bitget GMTUSDT	+0.0100%	4h	0.008648	+0.023%	$690K	$619K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GMT-USDT	+0.0100%	4h	0.008633	−0.150%	—	$1.2M	—	as long as short
Variational Omni GMT	+0.0100%	8h	0.008689	+0.492%	$4K	$5K	—	as long as short