Settings8H · net · $10k
Funding arb · Price arb /

GMT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against OKX+0.072%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1511.510% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.072%, 7d avg +0.084%
Together, before fees−0.192%−$19 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX GMT-USDT-SWAP0.0083240.0100pay 0.0050% / 4h1h 51m$343K$552K20x
ShortGate GMT_USDT0.0083300.0100get 0.0100% / 8h1h 51m$147K$104K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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

Funding earned
$0
Price spread: +0.072% → +0.084%
−$1.24
Slippage, 4 orders
−$125.98
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$152.22
Costs to cover
1.510%
Break-even
never at this rate
Slippage from OKX: live order book, 30 min ago; Gate: live order book, 25 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 30 min ago1.20 bp33.4 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 25 min ago11.99 bp40.1 bp −$40doesn't fitdoesn't fitdoesn't fit

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSD−0.0997%1h0.008328+0.050%$45K$10K20xas long as short
KuCoin GMTUSDTM−0.0044%4h0.008320−0.048%$257K$99K50xas long as short
Hyperliquid GMT+0.0100%1h0.008335+0.132%$122K$123K3xas long as short
Aster GMTUSDT+0.0100%4h0.008338+0.173%$8K$14K10xas long as short
Binance GMTUSDT+0.0100%4h0.008328+0.052%$2.7M$3.0M50xas long as short
Bybit GMTUSDT+0.0100%8h0.008323−0.012%$1.1M$1.1M50xas long as short
OKX GMT-USDT-SWAPlong+0.0100%4h0.008324long leg$343K$552K20x
Gate GMT_USDTshort+0.0100%8h0.008330+0.072%$147K$104K50x
MEXC GMT_USDT+0.0100%4h0.008329+0.060%$422K$183K20xas long as short
Bitget GMTUSDT+0.0100%4h0.008320−0.048%$669K$403K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008331+0.084%$1.2Mas long as short
Variational Omni GMT+0.0100%8h0.008325+0.016%$3K$5Kas long as short