Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.007%
Price spread now: Bitget against Gate+0.059%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1531.526% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.059%, 7d avg −0.006%
=The price spread pays, funding is against you. Bitget is 0.065% dearer against Gate than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.006%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.152%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GMT_USDT | 0.008480 | 0.0100 | pay 0.0100% / 8h | 2h 17m | $144K | $176K | 50x |
| Short | Bitget GMTUSDT | 0.008485 | 0.0050 | get 0.0025% / 4h | 2h 17m | $670K | $632K | 50x |
Gate GMT_USDT
Bitget GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.059% → −0.006%
- $6.49
- Slippage, 4 orders
- −$125.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$156.65
- Costs to cover
- 1.526%
- Break-even
- never at this rate
Slippage from Gate: live order book, 23 min ago; Bitget: live order book, 28 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 Gate live order book, 23 min ago | 11.86 bp | 43.7 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 28 min ago | 6.49 bp | 36.7 bp −$37 | 290.6 bp −$2,906 | 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 | −0.1175% | 1h | 0.008486 | +0.075% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDT | −0.0443% | 8h | 0.008487 | +0.083% | $1.0M | $2.1M | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0360% | 4h | 0.008480 | 0.000% | $391K | $1.2M | 20x | as long as short |
| Variational Omni GMT | −0.0347% | 8h | 0.008436 | −0.519% | $4K | $5K | — | as long as short |
| KuCoin GMTUSDTM | −0.0302% | 4h | 0.008480 | 0.000% | $247K | $185K | 50x | as long as short |
| Bitget GMTUSDTshort | +0.0050% | 4h | 0.008485 | +0.059% | $670K | $632K | 50x | |
| BingX GMT-USDT | +0.0050% | 4h | 0.008477 | −0.035% | — | $1.3M | — | as long as short |
| Aster GMTUSDT | +0.0093% | 4h | 0.008485 | +0.055% | $7K | $23K | 10x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008487 | +0.083% | $113K | $153K | 3x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008485 | +0.062% | $2.9M | $5.4M | 50x | as long as short |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Variational Omni GMT
KuCoin GMTUSDTM
BingX GMT-USDT
Aster GMTUSDT
Hyperliquid GMT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDTlong | +0.0100% | 8h | 0.008480 | long leg | $144K | $176K | 50x | |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008488 | +0.094% | $420K | $213K | 20x | as long as short |
MEXC GMT_USDT