Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Bybit against OKX+0.084%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1351.346% of the position
Funding, last 7 days+0.232%+$23 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.084%, 7d avg +0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.048% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GMT-USDT-SWAP | 0.008330 | 0.0100 | pay 0.0050% / 4h | 1h 54m | $344K | $553K | 20x |
| Short | Bybit GMTUSDT | 0.008337 | 0.0100 | get 0.0100% / 8h | 1h 54m | $1.1M | $1.1M | 50x |
OKX GMT-USDT-SWAP
Bybit GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- $0
- Price spread: +0.084% → +0.036%
- $4.84
- Slippage, 4 orders
- −$113.61
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$129.76
- Costs to cover
- 1.346%
- Break-even
- never at this rate
Slippage from OKX: live order book, 27 min ago; Bybit: live order book, 1 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 OKX live order book, 27 min ago | 1.20 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.60 bp | 34.7 bp −$35 | 186.9 bp −$1,869 | 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 | −0.0995% | 1h | 0.008341 | +0.127% | $45K | $10K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0024% | 4h | 0.008330 | 0.000% | $257K | $99K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008350 | +0.240% | $123K | $123K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008336 | +0.078% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008342 | +0.144% | $2.7M | $3.0M | 50x | as long as short |
| Bybit GMTUSDTshort | +0.0100% | 8h | 0.008337 | +0.084% | $1.1M | $1.1M | 50x | |
| OKX GMT-USDT-SWAPlong | +0.0100% | 4h | 0.008330 | long leg | $344K | $553K | 20x | |
| Gate GMT_USDT | +0.0100% | 8h | 0.008330 | 0.000% | $147K | $104K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008342 | +0.144% | $422K | $183K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008338 | +0.096% | $671K | $402K | 50x | as long as short |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Gate GMT_USDT
MEXC 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 | 0.008333 | +0.036% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008325 | −0.057% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT