GMT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0526%/8h= +57.6% APRnext payment +$5.26 per $10,000 · paid last 24h +0.007%

Price spread now: Gate against Bybit−0.047%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1631.632% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.216%−$22 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.047%, 7d avg +0.044%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.091% cheaper against Bybit than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.044%). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.216%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.216% in total (about -11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GMTUSDT	0.008514	−0.0426	get 0.0426% / 8h	2h 12m	$1.0M	$2.1M	50x
Short	Gate GMT_USDT	0.008510	0.0100	get 0.0100% / 8h	2h 12m	$148K	$179K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersPrice spread, now −0.047%Rate

Funding earned: $110.54
Price spread: −0.047% → +0.044%: −$9.14
Slippage, 4 orders: −$137.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61.79
Costs to cover: 1.632%
Break-even: 10.9 days

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 29 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, 4 min ago	1.18 bp	36.4 bp −$36	288.8 bp −$2,888	doesn't fit	doesn't fit
Sell Gate live order book, 29 min ago	11.86 bp	44.1 bp −$44	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	−0.1171%	1h	0.008518	+0.048%	$43K	$13K	20x	as long as short
Bybit GMTUSDTlong	−0.0426%	8h	0.008514	long leg	$1.0M	$2.1M	50x
Variational Omni GMT	−0.0342%	8h	0.008473	−0.486%	$4K	$5K	—	as long as short
OKX GMT-USDT-SWAP	−0.0326%	4h	0.008514	0.000%	$393K	$1.2M	20x	as long as short
KuCoin GMTUSDTM	−0.0278%	4h	0.008500	−0.164%	$246K	$185K	50x	as long as short
BingX GMT-USDT	+0.0056%	4h	0.008514	0.000%	—	$1.3M	—	as long as short
Bitget GMTUSDT	+0.0064%	4h	0.008517	+0.035%	$674K	$637K	50x	as long as short
Hyperliquid GMT	+0.0100%	1h	0.008514	0.000%	$113K	$153K	3x	as long as short
Aster GMTUSDT	+0.0100%	4h	0.008511	−0.030%	$7K	$23K	10x	as long as short
Binance GMTUSDT	+0.0100%	4h	0.008517	+0.035%	$2.9M	$5.4M	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate GMT_USDTshort	+0.0100%	8h	0.008510	−0.047%	$148K	$179K	50x
MEXC GMT_USDT	+0.0100%	4h	0.008516	+0.023%	$421K	$213K	20x	as long as short