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

GMT

all GMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.1069%/8h= +117.1% APRpaid last 24h +0.284%
Price spread now: OKX against Kraken Futures+0.017%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$32 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GMTUSD0.008360−0.0969get 0.0121% / 1h30m 35s$47K$7K20x
ShortOKX GMT-USDT-SWAP0.0083610.0100get 0.0050% / 4h3h 30m$344K$568K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. 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
$224.55
Price spread: +0.017% → 0.000%
$1.68
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
$206.23
Costs to cover
0.200%
Break-even
0.6 days
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 15 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell OKX live order book, 15 min ago3.01 bp37.3 bp −$37doesn't fitdoesn't fitdoesn't fit
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_GMTUSDlong−0.0969%1h0.008360long leg$47K$7K20x
Hyperliquid GMT+0.0100%1h0.008364+0.053%$123K$124K3xas long as short
Aster GMTUSDT+0.0100%4h0.008358−0.017%$8K$14K10xas long as short
Binance GMTUSDT+0.0100%4h0.008366+0.077%$2.7M$3.0M50xas long as short
Bybit GMTUSDT+0.0100%8h0.008362+0.029%$1.1M$1.1M50xas long as short
OKX GMT-USDT-SWAPshort+0.0100%4h0.008361+0.017%$344K$568K20x
Gate GMT_USDT+0.0100%8h0.008350−0.115%$151K$111K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008367+0.089%$415K$178K20xas long as short
KuCoin GMTUSDTM+0.0100%4h0.008350−0.115%$258K$102K50xas long as short
Bitget GMTUSDT+0.0100%4h0.008364+0.053%$673K$421K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008363+0.041%$1.2Mas long as short
Variational Omni GMT+0.0100%8h0.008327−0.394%$3K$5Kas long as short