Funding you earn now, next payment 08:00 UTC+0.0425%/8h= +46.5% APRpaid last 24h +0.007%
Price spread now: Binance against Bybit+0.024%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1271.271% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now +0.024%, 7d avg +0.006%
=The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$13 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 -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment. 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 | Bybit GMTUSDT | 0.008478 | −0.0325 | get 0.0325% / 8h | 1h 30m | $1.1M | $2.1M | 50x |
| Short | Binance GMTUSDT | 0.008480 | 0.0100 | get 0.0050% / 4h | 1h 30m | $2.9M | $5.4M | 50x |
Bybit GMTUSDT
Binance GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $89.15
- Price spread: +0.024% → +0.006%
- $1.81
- Slippage, 4 orders
- −$106.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$36.13
- Costs to cover
- 1.271%
- Break-even
- 9.8 days
Slippage from Bybit: live order book, 6 min ago; Binance: live order book, 7 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 Bybit live order book, 6 min ago | 1.77 bp | 38.8 bp −$39 | 353.2 bp −$3,532 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.77 bp | 24.9 bp −$25 | 105.2 bp −$1,052 | 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 | −0.1291% | 1h | 0.008476 | −0.026% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDTlong | −0.0325% | 8h | 0.008478 | long leg | $1.1M | $2.1M | 50x | |
| Variational Omni GMT | −0.0301% | 8h | 0.008474 | −0.053% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTM | −0.0222% | 4h | 0.008470 | −0.094% | $251K | $190K | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0178% | 4h | 0.008473 | −0.059% | $389K | $1.2M | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008476 | −0.024% | $112K | $144K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008482 | +0.053% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDTshort | +0.0100% | 4h | 0.008480 | +0.024% | $2.9M | $5.4M | 50x | |
| Gate GMT_USDT | +0.0100% | 8h | 0.008480 | +0.024% | $146K | $179K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008476 | −0.024% | $436K | $213K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
KuCoin GMTUSDTM
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 | 0.008476 | −0.024% | $674K | $633K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008474 | −0.047% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT