Settings8H · net · $10k
Funding arb · Price arb /

GMT

all GMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h +0.006%
Price spread now: BingX against Bybit−0.012%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1061.056% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 7 days+0.032%+$3 · spread now −0.012%, 7d avg +0.005%
Together, before fees+0.086%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit GMTUSDT0.0083110.0100pay 0.0100% / 8h4h 07m$1.1M$1.1M50x
ShortBingX GMT-USDT0.0083100.0100get 0.0050% / 4h7m 04s$1.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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

Funding earned
$0
Price spread: −0.012% → +0.005%
−$1.72
Slippage, 4 orders
−$84.61
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$107.33
Costs to cover
1.056%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago2.41 bp30.9 bp −$31262.4 bp −$2,624doesn't fitdoesn't fit
Sell BingX live order book, 13 min ago4.83 bp24.4 bp −$2457.4 bp −$574526.7 bp −$52.7K961.1 bp −$480.5K

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSD−0.0279%1h0.008321+0.122%$47K$7K20xas long as short
Hyperliquid GMT+0.0100%1h0.008314+0.036%$122K$124K3xas long as short
Aster GMTUSDT+0.0100%4h0.008309−0.029%$8K$14K10xas long as short
Binance GMTUSDT+0.0100%4h0.008312+0.012%$2.6M$3.0M50xas long as short
Bybit GMTUSDTlong+0.0100%8h0.008311long leg$1.1M$1.1M50x
OKX GMT-USDT-SWAP+0.0100%4h0.008312+0.012%$341K$561K20xas long as short
Gate GMT_USDT+0.0100%8h0.008310−0.012%$151K$119K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008312+0.012%$412K$181K20xas long as short
KuCoin GMTUSDTM+0.0100%4h0.008290−0.253%$257K$101K50xas long as short
Bitget GMTUSDT+0.0100%4h0.008310−0.012%$668K$429K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDTshort+0.0100%4h0.008310−0.012%$1.2M
Variational Omni GMT+0.0100%8h0.008279−0.386%$3K$5Kas long as short