GMT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0566%/8h= −62.0% APRnext payment −$2.83 per $10,000 · paid last 24h −0.030%

Price spread now: OKX against Binance−0.096%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1121.123% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 7 days+0.170%+$17 · spread now −0.096%, 7d avg −0.022%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and OKX is 0.074% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.202% in total (about -10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.83 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	0.008521	0.0100	pay 0.0050% / 4h	3h 26m	$2.9M	$5.2M	50x
Short	OKX GMT-USDT-SWAP	0.008513	−0.0466	pay 0.0233% / 4h	3h 26m	$398K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BinancebpFee OKXbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$118.89
Price spread: −0.096% → −0.022%: −$7.43
Slippage, 4 orders: −$92.25
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$238.57
Costs to cover: 1.123%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; OKX: live order book, 5 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, 11 min ago	2.93 bp	20.4 bp −$20	122.6 bp −$1,226	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	4.68 bp	32.3 bp −$32	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	−0.1574%	1h	0.008533	+0.141%	$44K	$13K	20x	as long as short
Bybit GMTUSDT	−0.0493%	8h	0.008521	−0.002%	$1.1M	$2.0M	50x	as long as short
OKX GMT-USDT-SWAPshort	−0.0466%	4h	0.008513	−0.096%	$398K	$1.2M	20x
KuCoin GMTUSDTM	−0.0430%	4h	0.008520	−0.014%	$275K	$178K	50x	as long as short
Variational Omni GMT	−0.0269%	8h	0.008561	+0.461%	$4K	$5K	—	as long as short
Aster GMTUSDT	−0.0089%	4h	0.008536	+0.176%	$7K	$22K	10x	as long as short
Bitget GMTUSDT	−0.0024%	4h	0.008527	+0.068%	$678K	$615K	50x	as long as short
BingX GMT-USDT	+0.0050%	4h	0.008530	+0.104%	—	$1.3M	—	as long as short
Hyperliquid GMT	+0.0100%	1h	0.008524	+0.033%	$112K	$150K	3x	as long as short
Binance GMTUSDTlong	+0.0100%	4h	0.008521	long leg	$2.9M	$5.2M	50x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate GMT_USDT	+0.0100%	8h	0.008540	+0.221%	$150K	$175K	50x	as long as short
MEXC GMT_USDT	+0.0100%	4h	0.008522	+0.010%	$432K	$209K	20x	as long as short