Funding you earn now, next payment 08:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h −0.034%
Price spread now: KuCoin against Gate−0.118%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1811.809% of the position
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.118%, 7d avg −0.091%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.027% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.091%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.085%, 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 | 0.008470 | 0.0100 | pay 0.0100% / 8h | 13m 07s | $140K | $186K | 50x |
| Short | KuCoin GMTUSDTM | 0.008460 | −0.0082 | pay 0.0041% / 4h | 13m 07s | $240K | $204K | 50x |
Gate GMT_USDT
KuCoin GMTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- −$38.22
- Price spread: −0.118% → −0.091%
- −$2.72
- Slippage, 4 orders
- −$153.92
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$221.86
- Costs to cover
- 1.809%
- Break-even
- never at this rate
Slippage from Gate: live order book, 18 min ago; KuCoin: live order book, 19 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, 18 min ago | 11.89 bp | 39.7 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 19 min ago | 5.95 bp | 61.0 bp −$61 | 238.3 bp −$2,383 | 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 | −0.1283% | 1h | 0.008471 | +0.008% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0188% | 8h | 0.008458 | −0.145% | $4K | $6K | — | as long as short |
| Bybit GMTUSDT | −0.0132% | 8h | 0.008463 | −0.083% | $1.1M | $2.1M | 50x | as long as short |
| KuCoin GMTUSDTMshort | −0.0082% | 4h | 0.008460 | −0.118% | $240K | $204K | 50x | |
| OKX GMT-USDT-SWAP | +0.0077% | 4h | 0.008468 | −0.024% | $390K | $1.2M | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008466 | −0.047% | $117K | $146K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008465 | −0.055% | $7K | $24K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008465 | −0.056% | $2.8M | $5.6M | 50x | as long as short |
| Gate GMT_USDTlong | +0.0100% | 8h | 0.008470 | long leg | $140K | $186K | 50x | |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008466 | −0.047% | $445K | $219K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
MEXC GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMTUSDT | +0.0100% | 4h | 0.008468 | −0.024% | $697K | $639K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008467 | −0.035% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT