Funding you earn now, next payment 04:00 UTC−0.0640%/8h= −70.1% APRnext payment −$3.20 per $10,000 · paid last 24h −0.005%
Price spread now: KuCoin against BingX−0.058%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1681.679% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.058%, 7d avg −0.061%
=The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.20 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 | BingX GMT-USDT | 0.008565 | 0.0100 | pay 0.0050% / 4h | 1h 05m | — | $1.3M | — |
| Short | KuCoin GMTUSDTM | 0.008560 | −0.0540 | pay 0.0270% / 4h | 1h 05m | $280K | $191K | 50x |
BingX GMT-USDT
KuCoin GMTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BingX. 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
- −$134.4
- Price spread: −0.058% → −0.061%
- $0.31
- Slippage, 4 orders
- −$145.93
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$302.03
- Costs to cover
- 1.679%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 16 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 BingX live order book, 6 min ago | 6.42 bp | 29.7 bp −$30 | 72.8 bp −$728 | 538.1 bp −$53.8K | 817.0 bp −$408.5K |
| Sell KuCoin live order book, 16 min ago | 11.68 bp | 57.9 bp −$58 | 245.8 bp −$2,458 | 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 | −0.1560% | 1h | 0.008578 | +0.149% | $45K | $14K | 20x | as long as short |
| KuCoin GMTUSDTMshort | −0.0540% | 4h | 0.008560 | −0.058% | $280K | $191K | 50x | |
| Bybit GMTUSDT | −0.0302% | 8h | 0.008567 | +0.023% | $1.1M | $2.0M | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0295% | 4h | 0.008574 | +0.105% | $395K | $1.2M | 20x | as long as short |
| Aster GMTUSDT | −0.0023% | 4h | 0.008580 | +0.175% | $7K | $22K | 10x | as long as short |
| Variational Omni GMT | +0.0016% | 8h | 0.008546 | −0.218% | $4K | $5K | — | as long as short |
| Gate GMT_USDT | +0.0084% | 8h | 0.008570 | +0.058% | $147K | $180K | 50x | as long as short |
| Bitget GMTUSDT | +0.0086% | 4h | 0.008582 | +0.198% | $677K | $640K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008568 | +0.035% | $114K | $152K | 3x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008574 | +0.105% | $2.9M | $5.1M | 50x | as long as short |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Aster GMTUSDT
Variational Omni GMT
Gate GMT_USDT
Bitget GMTUSDT
Hyperliquid GMT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GMT_USDT | +0.0100% | 4h | 0.008564 | −0.012% | $445K | $215K | 20x | as long as short |
| BingX GMT-USDTlong | +0.0100% | 4h | 0.008565 | long leg | — | $1.3M | — |
MEXC GMT_USDT