Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.377%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$557as in the Funding arb table
Net, price: spread back to 7d avg − costs−$598as in the Price arb table
costs, in and out, $10k−$5705.698% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.377%, 7d avg −0.095%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.281% cheaper against Bybit than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.095%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMXUSDT | 7.9620 | 0.0100 | pay 0.0100% / 8h | 4h 51m | $814K | $216K | 20x |
| Short | KuCoin GMXUSDTM | 7.9320 | 0.0100 | get 0.0100% / 8h | 4h 51m | $163K | $43K | 30x |
Bybit GMXUSDT
KuCoin GMXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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: −0.377% → −0.095%
- −$28.14
- Slippage, 4 orders
- −$546.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$597.99
- Costs to cover
- 5.698%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 52 min ago; KuCoin: live order book, 35 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 Bybit live order book, 52 min ago | 4.37 bp | 54.7 bp −$55 | 154.5 bp −$1,545 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 35 min ago | 47.61 bp | 235.4 bp −$235 | doesn't fit | doesn't fit | doesn't fit |
GMX on 15 exchanges
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_GMXUSD | −0.1053% | 1h | 7.9685 | +0.082% | $33K | $398 | 10x | as long as short |
| Injective GMX/USDC PERP | +0.0033% | 1h | 7.5200 | −5.551% | $4K | $3K | 5.5x | as long as short |
| Lighter GMX | +0.0096% | 1h | 7.9833 | +0.268% | $76K | $78K | 5x | as long as short |
| BloFin GMX-USDT | +0.0096% | 8h | 7.9780 | +0.201% | $106K | $25K | 50x | as long as short |
| Hyperliquid GMX | +0.0100% | 1h | 7.9830 | +0.264% | $885K | $113K | 3x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 7.9660 | +0.050% | $2.3M | $1.6M | 50x | as long as short |
| Bybit GMXUSDTlong | +0.0100% | 8h | 7.9620 | long leg | $814K | $216K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9630 | +0.013% | $286K | $298K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9700 | +0.100% | $191K | $62K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9650 | +0.038% | $371K | $136K | 125x | as long as short |
Kraken Futures PF_GMXUSD
Injective GMX/USDC PERP
Lighter GMX
BloFin GMX-USDT
Hyperliquid GMX
Binance GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDTShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GMXUSDTMshort | +0.0100% | 8h | 7.9320 | −0.377% | $163K | $43K | 30x | |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9710 | +0.113% | $406K | $163K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9670 | +0.063% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 7.9744 | +0.156% | $20K | $47K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0610% / S −0.0199% | 1h | 7.9632 | +0.015% | $434K | — | 100x | as long as short |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]