GMT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0199%/8h= +21.8% APRnext payment +$1.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.292%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$1771.770% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 4 days (all we have)+0.422%+$42 · spread now −0.292%, 7d avg +0.011%

Together, before fees+0.301%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.302% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.292% now, against its 7-day average of +0.011%). If the spread goes back, that is −$30 on $10k: about 5.1 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.00 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	0.008570	−0.0594	get 0.0297% / 4h	35m 56s	$280K	$191K	50x
Short	OKX GMT-USDT-SWAP	0.008545	−0.0395	pay 0.0197% / 4h	35m 56s	$396K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now −0.292%Rate

Funding earned: $41.81
Price spread: −0.292% → +0.011%: −$30.23
Slippage, 4 orders: −$155.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$165.43
Costs to cover: 1.770%
Break-even: 34.7 days

Slippage from KuCoin: live order book, 45 min ago; OKX: live order book, 1 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, 45 min ago	11.68 bp	53.3 bp −$53	298.9 bp −$2,989	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.93 bp	35.8 bp −$36	doesn't fit	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	−0.1474%	1h	0.008568	−0.024%	$45K	$14K	20x	as long as short
KuCoin GMTUSDTMlong	−0.0594%	4h	0.008570	long leg	$280K	$191K	50x
Bybit GMTUSDT	−0.0465%	8h	0.008549	−0.245%	$1.1M	$2.0M	50x	as long as short
OKX GMT-USDT-SWAPshort	−0.0395%	4h	0.008545	−0.292%	$396K	$1.2M	20x
Variational Omni GMT	−0.0109%	8h	0.008542	−0.332%	$4K	$5K	—	as long as short
Aster GMTUSDT	−0.0103%	4h	0.008578	+0.089%	$7K	$22K	10x	as long as short
Bitget GMTUSDT	−0.0024%	4h	0.008553	−0.198%	$674K	$659K	50x	as long as short
BingX GMT-USDT	+0.0050%	4h	0.008557	−0.152%	—	$1.3M	—	as long as short
Gate GMT_USDT	+0.0098%	8h	0.008570	0.000%	$153K	$179K	50x	as long as short
Hyperliquid GMT	+0.0100%	1h	0.008557	−0.152%	$114K	$153K	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GMTUSDT	+0.0100%	4h	0.008557	−0.150%	$2.9M	$5.3M	50x	as long as short
MEXC GMT_USDT	+0.0100%	4h	0.008561	−0.105%	$436K	$208K	20x	as long as short