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

GMT

all GMT markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0588%/8h= +64.4% APRnext payment +$2.94 per $10,000 · paid last 24h +0.034%
Price spread now: MEXC against KuCoin+0.105%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1281.277% of the position
Long on KuCoinShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.114%+$11 on $10k
Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.105%, 7d avg +0.084%
Together, before fees+0.061%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and MEXC is 0.021% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.084%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin GMTUSDTM0.008560−0.0488get 0.0244% / 4h3h 43m$277K$180K50x
ShortMEXC GMT_USDT0.0085690.0100get 0.0050% / 4h3h 43m$435K$208K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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
$123.48
Price spread: +0.105% → +0.084%
$2.08
Slippage, 4 orders
−$111.68
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$2.12
Costs to cover
1.277%
Break-even
7.1 days
Slippage from KuCoin: live order book, 28 min ago; MEXC: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 28 min ago11.67 bp51.6 bp −$52352.2 bp −$3,522doesn't fitdoesn't fit
Sell MEXC live order book, 57 min ago1.75 bp8.1 bp −$863.8 bp −$638264.5 bp −$26.5Kdoesn't fit

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_GMTUSD−0.1565%1h0.008583+0.274%$45K$12K20xas long as short
KuCoin GMTUSDTMlong−0.0488%4h0.008560long leg$277K$180K50x
Bybit GMTUSDT−0.0476%8h0.008562+0.023%$1.1M$2.0M50xas long as short
OKX GMT-USDT-SWAP−0.0472%4h0.008559−0.012%$398K$1.2M20xas long as short
Variational Omni GMT−0.0234%8h0.008563+0.029%$4K$5K—as long as short
Aster GMTUSDT−0.0105%4h0.008570+0.121%$7K$22K10xas long as short
Bitget GMTUSDT−0.0030%4h0.008567+0.082%$683K$627K50xas long as short
BingX GMT-USDT+0.0050%4h0.008568+0.093%—$1.3M—as long as short
Hyperliquid GMT+0.0100%1h0.008566+0.070%$114K$150K3xas long as short
Binance GMTUSDT+0.0100%4h0.008572+0.140%$2.9M$5.2M50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate GMT_USDT+0.0100%8h0.008570+0.117%$151K$174K50xas long as short
MEXC GMT_USDTshort+0.0100%4h0.008569+0.105%$435K$208K20x