Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.028%
Price spread now: KuCoin against Bybit+0.222%7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1881.876% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 4 days (all we have)−0.265%−$27 · spread now +0.222%, 7d avg −0.046%
=The price spread pays, funding is against you. KuCoin is 0.268% dearer against Bybit than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of −0.046%): +$27 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMTUSDT | 0.008571 | −0.0468 | get 0.0468% / 8h | 3h 47m | $1.1M | $2.0M | 50x |
| Short | KuCoin GMTUSDTM | 0.008590 | −0.0522 | pay 0.0261% / 4h | 3h 47m | $278K | $183K | 50x |
Bybit GMTUSDT
KuCoin GMTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$11.39
- Price spread: +0.222% → −0.046%
- $26.8
- Slippage, 4 orders
- −$164.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$172.15
- Costs to cover
- 1.876%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 24 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, 4 min ago | 2.91 bp | 38.9 bp −$39 | 287.5 bp −$2,875 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 24 min ago | 11.67 bp | 57.9 bp −$58 | 237.2 bp −$2,372 | 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 | −0.1565% | 1h | 0.008581 | +0.112% | $45K | $12K | 20x | as long as short |
| KuCoin GMTUSDTMshort | −0.0522% | 4h | 0.008590 | +0.222% | $278K | $183K | 50x | |
| OKX GMT-USDT-SWAP | −0.0478% | 4h | 0.008556 | −0.175% | $398K | $1.2M | 20x | as long as short |
| Bybit GMTUSDTlong | −0.0468% | 8h | 0.008571 | long leg | $1.1M | $2.0M | 50x | |
| Variational Omni GMT | −0.0225% | 8h | 0.008579 | +0.093% | $4K | $5K | — | as long as short |
| Aster GMTUSDT | −0.0112% | 4h | 0.008578 | +0.087% | $7K | $22K | 10x | as long as short |
| Bitget GMTUSDT | −0.0030% | 4h | 0.008568 | −0.035% | $683K | $629K | 50x | as long as short |
| BingX GMT-USDT | +0.0050% | 4h | 0.008574 | +0.035% | — | $1.3M | — | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008569 | −0.023% | $114K | $150K | 3x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008571 | +0.001% | $2.9M | $5.2M | 50x | as long as short |
Kraken Futures PF_GMTUSD
OKX GMT-USDT-SWAP
Variational Omni GMT
Aster GMTUSDT
Bitget GMTUSDT
BingX GMT-USDT
Hyperliquid GMT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDT | +0.0100% | 8h | 0.008580 | +0.105% | $151K | $174K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008574 | +0.035% | $435K | $208K | 20x | as long as short |
Gate GMT_USDT
MEXC GMT_USDT