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

GMT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Bitget against Bybit+0.128%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1201.198% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.128%, 7d avg +0.041%
Together, before fees−0.147%−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.088% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit GMTUSDT0.0085630.0100pay 0.0100% / 8h7h 06m$1.1M$1.2M50x
ShortBitget GMTUSDT0.0085740.0100get 0.0050% / 4h3h 06m$696K$422K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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: +0.128% → +0.041%
$8.79
Slippage, 4 orders
−$96.8
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$111.01
Costs to cover
1.198%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 64 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 Bybit live order book, 4 min ago1.75 bp38.5 bp −$39301.3 bp −$3,013doesn't fitdoesn't fit
Sell Bitget live order book, 64 min ago6.60 bp22.4 bp −$22185.7 bp −$1,857doesn'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−0.1346%1h0.008596+0.382%$45K$13K20xas long as short
Hyperliquid GMT+0.0100%1h0.008576+0.152%$128K$120K3xas long as short
Aster GMTUSDT+0.0100%4h0.008581+0.206%$9K$18K10xas long as short
Binance GMTUSDT+0.0100%4h0.008575+0.144%$2.8M$3.4M50xas long as short
Bybit GMTUSDTlong+0.0100%8h0.008563long leg$1.1M$1.2M50x
OKX GMT-USDT-SWAP+0.0100%4h0.008562−0.012%$359K$640K20xas long as short
Gate GMT_USDT+0.0100%8h0.008580+0.199%$151K$114K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008564+0.012%$435K$191K20xas long as short
KuCoin GMTUSDTM+0.0100%4h0.008570+0.082%$256K$106K50xas long as short
Bitget GMTUSDTshort+0.0100%4h0.008574+0.128%$696K$422K50x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008574+0.128%$1.2Mas long as short
Variational Omni GMT+0.0100%8h0.008574+0.124%$4K$5Kas long as short