Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.007%
Price spread now: Bybit against OKX+0.093%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1471.473% of the position
Funding, last 7 days+0.219%+$22 on $10k
+Price spread, last 7 days−0.118%−$12 · spread now +0.093%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.077% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GMT-USDT-SWAP | 0.008572 | −0.0283 | get 0.0142% / 4h | 1h 10m | $396K | $1.2M | 20x |
| Short | Bybit GMTUSDT | 0.008580 | −0.0263 | pay 0.0263% / 8h | 5h 10m | $1.1M | $1.9M | 50x |
OKX GMT-USDT-SWAP
Bybit GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- $4.2
- Price spread: +0.093% → +0.016%
- $7.7
- Slippage, 4 orders
- −$126.27
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$135.37
- Costs to cover
- 1.473%
- Break-even
- 232.8 days
Slippage from OKX: live order book, 1 min ago; Bybit: 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 OKX live order book, 1 min ago | 0.58 bp | 31.4 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.33 bp | 38.4 bp −$38 | 198.8 bp −$1,988 | 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 | −0.1559% | 1h | 0.008583 | +0.130% | $45K | $14K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0524% | 4h | 0.008590 | +0.210% | $281K | $192K | 50x | as long as short |
| OKX GMT-USDT-SWAPlong | −0.0283% | 4h | 0.008572 | long leg | $396K | $1.2M | 20x | |
| Bybit GMTUSDTshort | −0.0263% | 8h | 0.008580 | +0.093% | $1.1M | $1.9M | 50x | |
| Aster GMTUSDT | −0.0008% | 4h | 0.008600 | +0.326% | $7K | $22K | 10x | as long as short |
| Variational Omni GMT | +0.0032% | 8h | 0.008572 | −0.002% | $4K | $5K | — | as long as short |
| Gate GMT_USDT | +0.0066% | 8h | 0.008590 | +0.210% | $147K | $180K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008579 | +0.082% | $114K | $152K | 3x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008580 | +0.094% | $2.9M | $5.1M | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008581 | +0.105% | $444K | $215K | 20x | as long as short |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
Aster GMTUSDT
Variational Omni GMT
Gate GMT_USDT
Hyperliquid GMT
Binance GMTUSDT
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 | 0.008588 | +0.187% | $677K | $640K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008574 | +0.023% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT