Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: OKX against Bybit−0.070%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1621.616% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.070%, 7d avg −0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.034% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMTUSDT | 0.008559 | 0.0100 | pay 0.0100% / 8h | 7h 03m | $1.1M | $1.2M | 50x |
| Short | OKX GMT-USDT-SWAP | 0.008553 | 0.0100 | get 0.0050% / 4h | 3h 03m | $359K | $640K | 20x |
Bybit GMTUSDT
OKX GMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- $0
- Price spread: −0.070% → −0.036%
- −$3.45
- Slippage, 4 orders
- −$140.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$165.06
- Costs to cover
- 1.616%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 4.68 bp | 42.2 bp −$42 | 309.5 bp −$3,095 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.51 bp | 32.4 bp −$32 | 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 | −0.1347% | 1h | 0.008589 | +0.354% | $45K | $13K | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008584 | +0.292% | $128K | $120K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008579 | +0.230% | $9K | $18K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008565 | +0.072% | $2.8M | $3.4M | 50x | as long as short |
| Bybit GMTUSDTlong | +0.0100% | 8h | 0.008559 | long leg | $1.1M | $1.2M | 50x | |
| OKX GMT-USDT-SWAPshort | +0.0100% | 4h | 0.008553 | −0.070% | $359K | $640K | 20x | |
| Gate GMT_USDT | +0.0100% | 8h | 0.008580 | +0.245% | $151K | $114K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008569 | +0.117% | $434K | $192K | 20x | as long as short |
| KuCoin GMTUSDTM | +0.0100% | 4h | 0.008560 | +0.012% | $256K | $106K | 50x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008574 | +0.175% | $697K | $424K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Gate GMT_USDT
MEXC GMT_USDT
KuCoin GMTUSDTM
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 | 0.008569 | +0.117% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008552 | −0.077% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT