Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%
Price spread now: OKX against Bitget−0.247%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1461.460% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.352%+$35 · spread now −0.247%, 7d avg −0.077%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.170% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget GMTUSDT | 0.008508 | 0.0100 | pay 0.0050% / 4h | 3h 46m | $712K | $674K | 50x |
| Short | OKX GMT-USDT-SWAP | 0.008487 | 0.0100 | get 0.0050% / 4h | 3h 46m | $388K | $1.3M | 20x |
Bitget GMTUSDT
OKX GMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $0
- Price spread: −0.247% → −0.077%
- −$17.01
- Slippage, 4 orders
- −$123.99
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$163
- Costs to cover
- 1.460%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 49 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 Bitget live order book, 49 min ago | 5.93 bp | 23.6 bp −$24 | 438.6 bp −$4,386 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 4.11 bp | 41.3 bp −$41 | 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 | −0.1411% | 1h | 0.008499 | −0.105% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0165% | 8h | 0.008502 | −0.069% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTM | −0.0054% | 4h | 0.008490 | −0.212% | $241K | $205K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008508 | 0.000% | $123K | $151K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008502 | −0.069% | $7K | $24K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008500 | −0.089% | $2.8M | $5.6M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008496 | −0.141% | $1.1M | $2.1M | 50x | as long as short |
| OKX GMT-USDT-SWAPshort | +0.0100% | 4h | 0.008487 | −0.247% | $388K | $1.3M | 20x | |
| Gate GMT_USDT | +0.0100% | 8h | 0.008500 | −0.094% | $140K | $177K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008502 | −0.071% | $437K | $215K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
KuCoin GMTUSDTM
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Bybit 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 GMTUSDTlong | +0.0100% | 4h | 0.008508 | long leg | $712K | $674K | 50x | |
| BingX GMT-USDT | +0.0100% | 4h | 0.008501 | −0.082% | — | $1.3M | — | as long as short |
BingX GMT-USDT