Funding you earn now, next payment 08:00 UTC+0.0316%/8h= +34.6% APRnext payment +$1.58 per $10,000 · paid last 24h +0.037%
Price spread now: BingX against KuCoin−0.059%7-day average +0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1671.667% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.059%, 7d avg +0.061%
=Funding pays, the price is against you. BingX is 0.119% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.061%). If the spread goes back, that is −$12 on $10k: about 30 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.183% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.183% in total (about 9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.58 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 | 0.008530 | −0.0216 | get 0.0108% / 4h | 1h 46m | $256K | $189K | 50x |
| Short | BingX GMT-USDT | 0.008525 | 0.0100 | get 0.0050% / 4h | 1h 46m | — | $1.3M | — |
KuCoin GMTUSDTM
BingX GMT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $66.36
- Price spread: −0.059% → +0.061%
- −$11.94
- Slippage, 4 orders
- −$144.73
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$112.31
- Costs to cover
- 1.667%
- Break-even
- 18.8 days
Slippage from KuCoin: live order book, 70 min ago; BingX: live order book, 13 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, 70 min ago | 11.75 bp | 69.2 bp −$69 | 375.2 bp −$3,752 | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 5.23 bp | 28.0 bp −$28 | 76.6 bp −$766 | 551.4 bp −$55.1K | 964.5 bp −$482.3K |
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 | −0.1281% | 1h | 0.008537 | +0.078% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDT | −0.0348% | 8h | 0.008524 | −0.070% | $1.1M | $2.1M | 50x | as long as short |
| Variational Omni GMT | −0.0307% | 8h | 0.008545 | +0.177% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTMlong | −0.0216% | 4h | 0.008530 | long leg | $256K | $189K | 50x | |
| OKX GMT-USDT-SWAP | −0.0204% | 4h | 0.008516 | −0.164% | $392K | $1.2M | 20x | as long as short |
| Hyperliquid GMT | +0.0100% | 1h | 0.008531 | +0.012% | $113K | $143K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008544 | +0.168% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008522 | −0.094% | $2.9M | $5.4M | 50x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008550 | +0.234% | $147K | $178K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008527 | −0.035% | $422K | $210K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
Variational Omni GMT
OKX GMT-USDT-SWAP
Hyperliquid GMT
Aster GMTUSDT
Binance 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 | 0.008536 | +0.070% | $679K | $632K | 50x | as long as short |
| BingX GMT-USDTshort | +0.0100% | 4h | 0.008525 | −0.059% | — | $1.3M | — |
Bitget GMTUSDT