Funding you earn now, next payment 12:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.76 per $10,000 · paid last 24h +0.037%
Price spread now: Bitget against KuCoin+0.246%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1581.576% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.246%, 7d avg +0.086%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.161% dearer against KuCoin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GMTUSDTM | 0.008530 | −0.0052 | get 0.0026% / 4h | 3h 22m | $242K | $205K | 50x |
| Short | Bitget GMTUSDT | 0.008551 | 0.0100 | get 0.0050% / 4h | 3h 22m | $741K | $688K | 50x |
KuCoin GMTUSDTM
Bitget GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $31.92
- Price spread: +0.246% → +0.086%
- $16.05
- Slippage, 4 orders
- −$133.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$109.63
- Costs to cover
- 1.576%
- Break-even
- 31.0 days
Slippage from KuCoin: live order book, 70 min ago; Bitget: live order book, 8 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, 70 min ago | 5.95 bp | 38.8 bp −$39 | 309.4 bp −$3,094 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 8 min ago | 7.10 bp | 29.2 bp −$29 | 201.0 bp −$2,010 | 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 | −0.1403% | 1h | 0.008545 | +0.178% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0151% | 8h | 0.008465 | −0.764% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTMlong | −0.0052% | 4h | 0.008530 | long leg | $242K | $205K | 50x | |
| Bybit GMTUSDT | −0.0005% | 8h | 0.008545 | +0.176% | $1.1M | $2.1M | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008547 | +0.199% | $120K | $152K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008542 | +0.146% | $7K | $22K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008544 | +0.164% | $2.9M | $5.4M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008545 | +0.176% | $389K | $1.2M | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008540 | +0.117% | $140K | $177K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008545 | +0.176% | $438K | $216K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
Bybit GMTUSDT
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
MEXC GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMTUSDTshort | +0.0100% | 4h | 0.008551 | +0.246% | $741K | $688K | 50x | |
| BingX GMT-USDT | +0.0100% | 4h | 0.008541 | +0.129% | — | $1.3M | — | as long as short |
BingX GMT-USDT