data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

GMT

all GMT markets
SwapFunding view
Alert
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$122
spread now−0.048%7d average−0.027%fees + slippage, in and out−$120spread needed1.195%
Long on HyperliquidShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GMT0.0082550.0100pay 0.0013% / 1h21m 14s$121K$123K3x
ShortBybit GMTUSDT0.0082510.0100get 0.0100% / 8h5h 21m$1.1M$1.1M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$4.85
Funding while held
$0
Slippage, 4 orders
−$99.51
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$124.35
Spread needed to break even
1.195%
Slippage from Hyperliquid: live order book, 29 min ago; Bybit: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 29 min ago3.63 bp23.6 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago2.43 bp33.6 bp −$34185.0 bp −$1,850doesn't fitdoesn't fit

GMT price on every exchange

against the cheapest. Click to use as the short leg.
KuCoin0.008230cheapestOKX0.008245+0.182%Bitget0.008246+0.194%BingX0.008248+0.219%Aster0.008250+0.243%
Bybit0.008251+0.255%
MEXC0.008253+0.279%Binance0.008254+0.288%
Hyperliquid0.008255+0.304%
Variational Omni0.008256+0.320%Kraken Futures0.008258+0.346%Gate0.008260+0.365%

GMT on 12 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin GMTUSDTM−0.303%+0.0100%4h$255K$102K50xas long as short
OKX GMT-USDT-SWAP−0.121%+0.0100%4h$337K$551K20xas long as short
Bitget GMTUSDT−0.109%+0.0100%4h$666K$430K50xas long as short
BingX GMT-USDT−0.085%+0.0100%4h—$1.2M—as long as short
Aster GMTUSDT−0.061%+0.0100%4h$8K$14K10xas long as short
Bybit GMTUSDTshort−0.048%+0.0100%8h$1.1M$1.1M50x
MEXC GMT_USDT−0.024%+0.0100%4h$416K$179K20xas long as short
Binance GMTUSDT−0.016%+0.0100%4h$2.6M$3.0M50xas long as short
Hyperliquid GMTlong0.000%+0.0100%1h$121K$123K3x
Variational Omni GMT+0.017%+0.0100%8h$3K$5K—as long as short
Show all 12 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_GMTUSD+0.042%−0.0418%1h$47K$7K20xas long as short
Gate GMT_USDT+0.061%+0.0100%8h$148K$118K50xas long as short