Funding you earn now, next payment 04:00 UTC+0.0392%/8h= +43.0% APRpaid last 24h +0.007%
Price spread now: MEXC against Bybit+0.047%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$940.938% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.047%, 7d avg +0.038%
=The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$12 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 | 0.008560 | −0.0292 | get 0.0292% / 8h | 5h 06m | $1.1M | $1.9M | 50x |
| Short | MEXC GMT_USDT | 0.008564 | 0.0100 | get 0.0050% / 4h | 1h 06m | $445K | $215K | 20x |
Bybit GMTUSDT
MEXC GMT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $82.41
- Price spread: +0.047% → +0.038%
- $0.87
- Slippage, 4 orders
- −$78.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$10.52
- Costs to cover
- 0.938%
- Break-even
- 7.9 days
Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 40 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, 5 min ago | 2.33 bp | 37.4 bp −$37 | 271.2 bp −$2,712 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 40 min ago | 1.17 bp | 9.5 bp −$9 | 70.8 bp −$708 | 265.3 bp −$26.5K | 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 | −0.1562% | 1h | 0.008567 | +0.078% | $45K | $14K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0538% | 4h | 0.008570 | +0.117% | $280K | $192K | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0298% | 4h | 0.008556 | −0.047% | $395K | $1.2M | 20x | as long as short |
| Bybit GMTUSDTlong | −0.0292% | 8h | 0.008560 | long leg | $1.1M | $1.9M | 50x | |
| Aster GMTUSDT | −0.0015% | 4h | 0.008569 | +0.105% | $7K | $22K | 10x | as long as short |
| Variational Omni GMT | +0.0016% | 8h | 0.008546 | −0.160% | $4K | $5K | — | as long as short |
| Gate GMT_USDT | +0.0086% | 8h | 0.008570 | +0.117% | $147K | $180K | 50x | as long as short |
| Bitget GMTUSDT | +0.0092% | 4h | 0.008562 | +0.023% | $675K | $639K | 50x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008562 | +0.023% | $114K | $152K | 3x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008560 | 0.000% | $2.9M | $5.1M | 50x | as long as short |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
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_USDTshort | +0.0100% | 4h | 0.008564 | +0.047% | $445K | $215K | 20x | |
| BingX GMT-USDT | +0.0100% | 4h | 0.008568 | +0.093% | — | $1.3M | — | as long as short |
BingX GMT-USDT