Funding you earn now, next payment 08:00 UTC−0.0332%/8h= −36.4% APRnext payment −$1.66 per $10,000 · paid last 24h −0.034%
Price spread now: KuCoin against Binance−0.131%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1691.694% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.131%, 7d avg −0.078%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.052% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.078%). Swap the legs.
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 −$1.66 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 | Binance GMTUSDT | 0.008531 | 0.0100 | pay 0.0050% / 4h | 1h 45m | $2.9M | $5.4M | 50x |
| Short | KuCoin GMTUSDTM | 0.008520 | −0.0232 | pay 0.0116% / 4h | 1h 45m | $255K | $189K | 50x |
Binance GMTUSDT
KuCoin GMTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- −$69.72
- Price spread: −0.131% → −0.078%
- −$5.24
- Slippage, 4 orders
- −$147.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$244.38
- Costs to cover
- 1.694%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 71 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 Binance live order book, 7 min ago | 1.17 bp | 27.9 bp −$28 | 169.0 bp −$1,690 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 71 min ago | 11.75 bp | 46.6 bp −$47 | 245.6 bp −$2,456 | 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 | −0.1283% | 1h | 0.008526 | −0.059% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDT | −0.0344% | 8h | 0.008530 | −0.014% | $1.1M | $2.1M | 50x | as long as short |
| Variational Omni GMT | −0.0306% | 8h | 0.008518 | −0.160% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTMshort | −0.0232% | 4h | 0.008520 | −0.131% | $255K | $189K | 50x | |
| OKX GMT-USDT-SWAP | −0.0210% | 4h | 0.008524 | −0.084% | $392K | $1.2M | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008530 | −0.014% | $113K | $143K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008531 | −0.005% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDTlong | +0.0100% | 4h | 0.008531 | long leg | $2.9M | $5.4M | 50x | |
| Gate GMT_USDT | +0.0100% | 8h | 0.008530 | −0.014% | $147K | $178K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008522 | −0.107% | $422K | $210K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
Variational Omni GMT
OKX GMT-USDT-SWAP
Hyperliquid GMT
Aster GMTUSDT
Gate GMT_USDT
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 | 0.008525 | −0.072% | $678K | $633K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008525 | −0.072% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT