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

GMT

all GMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against MEXC+0.024%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$680.684% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.024%, 7d avg −0.021%
Together, before fees+0.019%+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.045% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC GMT_USDT0.0084520.0100pay 0.0050% / 4h3h 31m$434K$216K20x
ShortBingX GMT-USDT0.0084540.0100get 0.0050% / 4h3h 31m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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
$0
Price spread: +0.024% → −0.021%
$4.5
Slippage, 4 orders
−$54.39
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$63.89
Costs to cover
0.684%
Break-even
never at this rate
Slippage from MEXC: live order book, 49 min ago; BingX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 49 min ago0.59 bp8.6 bp −$954.3 bp −$543261.1 bp −$26.1Kdoesn't fit
Sell BingX live order book, 14 min ago5.89 bp21.2 bp −$2161.7 bp −$617563.7 bp −$56.4K912.4 bp −$456.2K

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_GMTUSD−0.1418%1h0.008456+0.048%$43K$13K20xas long as short
Variational Omni GMT−0.0149%8h0.008473+0.244%$4K$6Kas long as short
Bybit GMTUSDT−0.0089%8h0.008444−0.095%$1.1M$2.1M50xas long as short
KuCoin GMTUSDTM−0.0064%4h0.008440−0.142%$239K$203K50xas long as short
OKX GMT-USDT-SWAP+0.0090%4h0.008445−0.083%$386K$1.2M20xas long as short
Hyperliquid GMT+0.0100%1h0.008458+0.071%$119K$153K3xas long as short
Aster GMTUSDT+0.0100%4h0.008465+0.158%$7K$24K10xas long as short
Binance GMTUSDT+0.0100%4h0.008459+0.083%$2.8M$5.5M50xas long as short
Gate GMT_USDT+0.0100%8h0.008480+0.331%$139K$177K50xas long as short
MEXC GMT_USDTlong+0.0100%4h0.008452long leg$434K$216K20x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GMTUSDT+0.0100%4h0.008464+0.142%$734K$695K50xas long as short
BingX GMT-USDTshort+0.0100%4h0.008454+0.024%$1.3M