Funding you earn now, next payment 08:00 UTC+0.0266%/8h= +29.1% APRnext payment +$1.33 per $10,000 · paid last 24h +0.034%
Price spread now: Binance against KuCoin−0.033%7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1471.473% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.033%, 7d avg +0.078%
=Funding pays, the price is against you. Binance is 0.111% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.078%). If the spread goes back, that is −$11 on $10k: about 33 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.114% in total) that is about 6.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.33 per $10,000. 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 | KuCoin GMTUSDTM | 0.008490 | −0.0166 | get 0.0083% / 4h | 59m 19s | $257K | $186K | 50x |
| Short | Binance GMTUSDT | 0.008487 | 0.0100 | get 0.0050% / 4h | 59m 19s | $2.8M | $5.4M | 50x |
KuCoin GMTUSDTM
Binance GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $55.86
- Price spread: −0.033% → +0.078%
- −$11.11
- Slippage, 4 orders
- −$125.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$102.53
- Costs to cover
- 1.473%
- Break-even
- 19.8 days
Slippage from KuCoin: live order book, 42 min ago; Binance: live order book, 8 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 KuCoin live order book, 42 min ago | 11.75 bp | 50.0 bp −$50 | 313.5 bp −$3,135 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.17 bp | 31.2 bp −$31 | 120.1 bp −$1,201 | 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 | −0.1283% | 1h | 0.008472 | −0.208% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0251% | 8h | 0.008495 | +0.053% | $4K | $6K | — | as long as short |
| Bybit GMTUSDT | −0.0235% | 8h | 0.008495 | +0.059% | $1.1M | $2.1M | 50x | as long as short |
| KuCoin GMTUSDTMlong | −0.0166% | 4h | 0.008490 | long leg | $257K | $186K | 50x | |
| OKX GMT-USDT-SWAP | −0.0055% | 4h | 0.008483 | −0.082% | $387K | $1.2M | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008492 | +0.024% | $113K | $143K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008505 | +0.171% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDTshort | +0.0100% | 4h | 0.008487 | −0.033% | $2.8M | $5.4M | 50x | |
| Gate GMT_USDT | +0.0100% | 8h | 0.008500 | +0.118% | $146K | $177K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008488 | −0.024% | $446K | $211K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Hyperliquid GMT
Aster GMTUSDT
Gate GMT_USDT
MEXC GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMTUSDT | +0.0100% | 4h | 0.008504 | +0.165% | $677K | $629K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008491 | +0.012% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT