Funding you earn now, next payment 04:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.54 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against KuCoin+0.046%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1181.185% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.046%, 7d avg +0.083%
=Funding pays, the price is against you. MEXC is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.083%). If the spread goes back, that is −$4 on $10k: about 27 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.080% in total) that is about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GMTUSDTM | 0.008740 | −0.0008 | get 0.0004% / 4h | 2h 39m | $326K | $160K | 50x |
| Short | MEXC GMT_USDT | 0.008744 | 0.0100 | get 0.0050% / 4h | 2h 39m | $469K | $203K | 20x |
KuCoin GMTUSDTM
MEXC GMT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $22.68
- Price spread: +0.046% → +0.083%
- −$3.69
- Slippage, 4 orders
- −$102.46
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$99.47
- Costs to cover
- 1.185%
- Break-even
- 37.7 days
Slippage from KuCoin: live order book, 71 min ago; MEXC: live order book, 11 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, 71 min ago | 11.95 bp | 47.6 bp −$48 | 281.6 bp −$2,816 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 11 min ago | 2.88 bp | 10.9 bp −$11 | 66.2 bp −$662 | 275.3 bp −$27.5K | 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 | −0.0629% | 1h | 0.008729 | −0.123% | $46K | $13K | 20x | as long as short |
| Gate GMT_USDT | −0.0142% | 8h | 0.008760 | +0.229% | $155K | $153K | 50x | as long as short |
| KuCoin GMTUSDTMlong | −0.0008% | 4h | 0.008740 | long leg | $326K | $160K | 50x | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008771 | +0.355% | $126K | $131K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008745 | +0.056% | $10K | $19K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008750 | +0.114% | $2.9M | $4.2M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008761 | +0.240% | $1.2M | $1.5M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008766 | +0.297% | $372K | $856K | 20x | as long as short |
| MEXC GMT_USDTshort | +0.0100% | 4h | 0.008744 | +0.046% | $469K | $203K | 20x | |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008790 | +0.572% | $709K | $568K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Gate GMT_USDT
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Bitget GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMT-USDT | +0.0100% | 4h | 0.008755 | +0.172% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008765 | +0.288% | $4K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT