Funding you earn now, next payment 08:00 UTC+0.0296%/8h= +32.4% APRnext payment +$1.48 per $10,000 · paid last 24h +0.037%
Price spread now: BingX against KuCoin+0.047%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1481.476% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.047%, 7d avg +0.061%
=The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.48 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 | KuCoin GMTUSDTM | 0.008520 | −0.0196 | get 0.0098% / 4h | 1h 23m | $257K | $188K | 50x |
| Short | BingX GMT-USDT | 0.008524 | 0.0100 | get 0.0050% / 4h | 1h 23m | — | $1.2M | — |
KuCoin GMTUSDTM
BingX GMT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- $62.16
- Price spread: +0.047% → +0.061%
- −$1.38
- Slippage, 4 orders
- −$125.58
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$86.81
- Costs to cover
- 1.476%
- Break-even
- 16.8 days
Slippage from KuCoin: live order book, 19 min ago; BingX: 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 KuCoin live order book, 19 min ago | 11.75 bp | 50.0 bp −$50 | 313.5 bp −$3,135 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 5.87 bp | 31.1 bp −$31 | 81.3 bp −$813 | 549.9 bp −$55.0K | 912.2 bp −$456.1K |
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 | −0.1282% | 1h | 0.008529 | +0.108% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDT | −0.0303% | 8h | 0.008519 | −0.012% | $1.1M | $2.1M | 50x | as long as short |
| Variational Omni GMT | −0.0289% | 8h | 0.008513 | −0.088% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTMlong | −0.0196% | 4h | 0.008520 | long leg | $257K | $188K | 50x | |
| OKX GMT-USDT-SWAP | −0.0134% | 4h | 0.008524 | +0.047% | $390K | $1.2M | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008527 | +0.082% | $113K | $143K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008530 | +0.115% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008524 | +0.047% | $2.9M | $5.4M | 50x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008530 | +0.117% | $147K | $179K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008527 | +0.082% | $444K | $213K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
Variational Omni GMT
OKX GMT-USDT-SWAP
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Gate GMT_USDT
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 | 0.008522 | +0.023% | $677K | $635K | 50x | as long as short |
| BingX GMT-USDTshort | +0.0100% | 4h | 0.008524 | +0.047% | — | $1.2M | — |
Bitget GMTUSDT