Funding you earn now, next payment 08:00 UTC+0.0146%/8h= +16.0% APRnext payment +$0.73 per $10,000 · paid last 24h +0.004%
Price spread now: OKX against KuCoin+0.071%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1781.783% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.071%, 7d avg +0.010%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.061% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GMTUSDTM | 0.008480 | −0.0090 | get 0.0045% / 4h | 3m 06s | $241K | $204K | 50x |
| Short | OKX GMT-USDT-SWAP | 0.008486 | 0.0056 | get 0.0028% / 4h | 3m 06s | $390K | $1.2M | 20x |
KuCoin GMTUSDTM
OKX GMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $30.76
- Price spread: +0.071% → +0.010%
- $6.11
- Slippage, 4 orders
- −$156.32
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$141.45
- Costs to cover
- 1.783%
- Break-even
- 39.2 days
Slippage from KuCoin: live order book, 29 min ago; OKX: live order book, 3 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, 29 min ago | 5.95 bp | 38.8 bp −$39 | 309.4 bp −$3,094 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 5.90 bp | 40.9 bp −$41 | doesn't fit | 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 | −0.1280% | 1h | 0.008495 | +0.182% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0184% | 8h | 0.008467 | −0.149% | $4K | $6K | — | as long as short |
| Bybit GMTUSDT | −0.0128% | 8h | 0.008493 | +0.153% | $1.1M | $2.1M | 50x | as long as short |
| KuCoin GMTUSDTMlong | −0.0090% | 4h | 0.008480 | long leg | $241K | $204K | 50x | |
| OKX GMT-USDT-SWAPshort | +0.0056% | 4h | 0.008486 | +0.071% | $390K | $1.2M | 20x | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008493 | +0.153% | $119K | $148K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008490 | +0.119% | $7K | $24K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008495 | +0.175% | $2.8M | $5.6M | 50x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008490 | +0.118% | $138K | $187K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008496 | +0.189% | $448K | $220K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
Bybit GMTUSDT
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 | 0.008503 | +0.271% | $701K | $646K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008497 | +0.200% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT