Funding you earn now, next payment 04:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h 0.000%
Price spread now: Gate against Binance−0.176%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1611.605% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.176%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.187% cheaper against Binance than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GMTUSDT | 0.008545 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $2.9M | $5.1M | 50x |
| Short | Gate GMT_USDT | 0.008530 | −0.0048 | pay 0.0048% / 8h | 5h 32m | $150K | $177K | 50x |
Binance GMTUSDT
Gate GMT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$31.08
- Price spread: −0.176% → +0.011%
- −$18.7
- Slippage, 4 orders
- −$135.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$210.32
- Costs to cover
- 1.605%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Gate: live order book, 24 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 Binance live order book, 5 min ago | 2.35 bp | 17.9 bp −$18 | 142.0 bp −$1,420 | doesn't fit | doesn't fit |
| Sell Gate live order book, 24 min ago | 11.67 bp | 41.7 bp −$42 | doesn't fit | 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 | −0.1568% | 1h | 0.008538 | −0.086% | $44K | $13K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0502% | 4h | 0.008520 | −0.293% | $279K | $192K | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0255% | 4h | 0.008531 | −0.164% | $392K | $1.1M | 20x | as long as short |
| Bybit GMTUSDT | −0.0235% | 8h | 0.008538 | −0.082% | $1.1M | $1.9M | 50x | as long as short |
| Gate GMT_USDTshort | −0.0048% | 8h | 0.008530 | −0.176% | $150K | $177K | 50x | |
| Aster GMTUSDT | +0.0014% | 4h | 0.008540 | −0.059% | $8K | $21K | 10x | as long as short |
| Variational Omni GMT | +0.0081% | 8h | 0.008491 | −0.628% | $3K | $5K | — | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008540 | −0.059% | $115K | $148K | 3x | as long as short |
| Binance GMTUSDTlong | +0.0100% | 4h | 0.008545 | long leg | $2.9M | $5.1M | 50x | |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008530 | −0.176% | $441K | $211K | 20x | as long as short |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
OKX GMT-USDT-SWAP
Bybit GMTUSDT
Aster GMTUSDT
Variational Omni GMT
Hyperliquid GMT
MEXC GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMTUSDT | +0.0100% | 4h | 0.008538 | −0.082% | $671K | $631K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008527 | −0.211% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT