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

GMT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.1235%/8h= +135.3% APRpaid last 24h +0.296%
Price spread now: OKX against Kraken Futures−0.016%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$37 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMTUSD0.008491−0.1280get 0.0160% / 1h56m 25s$43K$13K20x
ShortOKX GMT-USDT-SWAP0.008490−0.0045pay 0.0022% / 4h56m 25s$387K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. 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
$259.39
Price spread: −0.016% → 0.000%
−$1.61
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
$237.78
Costs to cover
0.200%
Break-even
0.6 days
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell OKX live order book, 5 min ago4.12 bp38.2 bp −$38doesn't fitdoesn't fitdoesn't fit
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_GMTUSDlong−0.1280%1h0.008491long leg$43K$13K20x
Variational Omni GMT−0.0251%8h0.008495+0.037%$4K$6Kas long as short
Bybit GMTUSDT−0.0227%8h0.008502+0.125%$1.1M$2.1M50xas long as short
KuCoin GMTUSDTM−0.0158%4h0.008490−0.016%$257K$186K50xas long as short
OKX GMT-USDT-SWAPshort−0.0045%4h0.008490−0.016%$387K$1.2M20x
Hyperliquid GMT+0.0100%1h0.008493+0.019%$113K$144K3xas long as short
Aster GMTUSDT+0.0100%4h0.008510+0.221%$7K$23K10xas long as short
Binance GMTUSDT+0.0100%4h0.008491−0.004%$2.9M$5.4M50xas long as short
Gate GMT_USDT+0.0100%8h0.008500+0.102%$146K$177K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008492+0.007%$446K$211K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMTUSDT+0.0100%4h0.008495+0.043%$676K$629K50xas long as short
BingX GMT-USDT+0.0100%4h0.008501+0.113%$1.3Mas long as short