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 07:00 UTC−0.1387%/8h= −151.9% APRpaid last 24h −0.326%
Price spread now: Kraken Futures against Binance+0.024%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.024% dearer against Binance than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 1 hour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance GMTUSDT0.0084950.0100pay 0.0050% / 4h1h 02m$2.9M$5.4M50x
ShortKraken Futures PF_GMTUSD0.008497−0.1287pay 0.0161% / 1h2m 01s$43K$13K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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
−$291.34
Price spread: +0.024% → 0.000%
$2.41
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$308.93
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 6 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago1.17 bp21.8 bp −$22147.1 bp −$1,471doesn't fitdoesn't fit
Sell Kraken Futures no order-book sample—————
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_GMTUSDshort−0.1287%1h0.008497+0.024%$43K$13K20x
Variational Omni GMT−0.0254%8h0.008520+0.294%$4K$6K—as long as short
Bybit GMTUSDT−0.0240%8h0.008499+0.047%$1.1M$2.1M50xas long as short
KuCoin GMTUSDTM−0.0164%4h0.008490−0.059%$257K$187K50xas long as short
OKX GMT-USDT-SWAP−0.0050%4h0.008493−0.024%$388K$1.2M20xas long as short
Hyperliquid GMT+0.0100%1h0.008496+0.012%$113K$143K3xas long as short
Aster GMTUSDT+0.0100%4h0.008512+0.199%$7K$23K10xas long as short
Binance GMTUSDTlong+0.0100%4h0.008495long leg$2.9M$5.4M50x
Gate GMT_USDT+0.0100%8h0.008510+0.177%$146K$179K50xas long as short
MEXC GMT_USDT+0.0100%4h0.0084950.000%$446K$215K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMTUSDT+0.0100%4h0.008513+0.212%$677K$630K50xas long as short
BingX GMT-USDT+0.0100%4h0.008496+0.012%—$1.3M—as long as short