Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.005%
Price spread now: Bitget against BingX+0.163%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1171.171% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.163%, 7d avg +0.025%
=The price spread pays, funding is against you. Bitget is 0.138% dearer against BingX than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of +0.025%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.112% in total) that is about 8.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GMT-USDT | 0.008595 | 0.0050 | pay 0.0025% / 4h | 46m 29s | — | $1.3M | — |
| Short | Bitget GMTUSDT | 0.008609 | 0.0024 | get 0.0012% / 4h | 46m 29s | $679K | $652K | 50x |
BingX GMT-USDT
Bitget GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$5.46
- Price spread: +0.163% → +0.025%
- $13.84
- Slippage, 4 orders
- −$95.08
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$108.7
- Costs to cover
- 1.171%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Bitget: live order book, 9 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 BingX live order book, 12 min ago | 1.18 bp | 22.0 bp −$22 | 68.6 bp −$686 | 606.7 bp −$60.7K | 886.3 bp −$443.1K |
| Sell Bitget live order book, 9 min ago | 6.98 bp | 30.6 bp −$31 | 269.6 bp −$2,696 | 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 | −0.1470% | 1h | 0.008590 | −0.055% | $45K | $14K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0592% | 4h | 0.008590 | −0.058% | $281K | $191K | 50x | as long as short |
| Bybit GMTUSDT | −0.0388% | 8h | 0.008597 | +0.023% | $1.1M | $2.0M | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0334% | 4h | 0.008580 | −0.175% | $397K | $1.2M | 20x | as long as short |
| Aster GMTUSDT | −0.0081% | 4h | 0.008595 | +0.005% | $7K | $22K | 10x | as long as short |
| Variational Omni GMT | −0.0054% | 8h | 0.008549 | −0.535% | $4K | $5K | — | as long as short |
| Bitget GMTUSDTshort | +0.0024% | 4h | 0.008609 | +0.163% | $679K | $652K | 50x | |
| BingX GMT-USDTlong | +0.0050% | 4h | 0.008595 | long leg | — | $1.3M | — | |
| Gate GMT_USDT | +0.0099% | 8h | 0.008610 | +0.175% | $147K | $173K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008581 | −0.163% | $114K | $153K | 3x | as long as short |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Aster GMTUSDT
Variational Omni GMT
Gate GMT_USDT
Hyperliquid GMTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance GMTUSDT | +0.0100% | 4h | 0.008599 | +0.042% | $2.9M | $5.2M | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008603 | +0.093% | $439K | $207K | 20x | as long as short |
Binance GMTUSDT
MEXC GMT_USDT