Funding you earn now, next payment 00:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.76 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against Binance−0.207%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1381.375% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.207%, 7d avg −0.079%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.128% cheaper against Binance than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.079%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GMTUSDT | 0.008327 | 0.0100 | pay 0.0050% / 4h | 1h 45m | $2.6M | $3.0M | 50x |
| Short | KuCoin GMTUSDTM | 0.008310 | −0.0052 | pay 0.0026% / 4h | 1h 45m | $257K | $99K | 50x |
Binance GMTUSDT
KuCoin GMTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$31.92
- Price spread: −0.207% → −0.079%
- −$12.85
- Slippage, 4 orders
- −$115.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$182.29
- Costs to cover
- 1.375%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 25 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 | 1.20 bp | 21.4 bp −$21 | 131.5 bp −$1,315 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 25 min ago | 18.02 bp | 47.9 bp −$48 | 235.6 bp −$2,356 | 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 | −0.0998% | 1h | 0.008317 | −0.118% | $45K | $10K | 20x | as long as short |
| KuCoin GMTUSDTMshort | −0.0052% | 4h | 0.008310 | −0.207% | $257K | $99K | 50x | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008333 | +0.069% | $122K | $123K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008329 | +0.023% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDTlong | +0.0100% | 4h | 0.008327 | long leg | $2.6M | $3.0M | 50x | |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008324 | −0.039% | $1.1M | $1.1M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008322 | −0.063% | $343K | $552K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008320 | −0.087% | $146K | $104K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008330 | +0.033% | $422K | $184K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008322 | −0.063% | $670K | $402K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Hyperliquid GMT
Aster GMTUSDT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
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 | 0.008329 | +0.021% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008313 | −0.174% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT