Funding you earn now, next payment 00:00 UTC−0.0138%/8h= −15.1% APRnext payment −$0.69 per $10,000 · paid last 24h −0.003%
Price spread now: KuCoin against MEXC−0.108%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1101.100% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.108%, 7d avg −0.084%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.024% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.084%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC GMT_USDT | 0.008329 | 0.0100 | pay 0.0050% / 4h | 1h 24m | $421K | $185K | 20x |
| Short | KuCoin GMTUSDTM | 0.008320 | −0.0038 | pay 0.0019% / 4h | 1h 24m | $252K | $100K | 50x |
MEXC GMT_USDT
KuCoin GMTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. 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
- −$28.98
- Price spread: −0.108% → −0.084%
- −$2.36
- Slippage, 4 orders
- −$93.99
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$141.33
- Costs to cover
- 1.100%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 50 min ago; KuCoin: live order book, 46 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 MEXC live order book, 50 min ago | 1.20 bp | 9.5 bp −$9 | 56.7 bp −$567 | 262.4 bp −$26.2K | doesn't fit |
| Sell KuCoin live order book, 46 min ago | 18.02 bp | 47.9 bp −$48 | 235.6 bp −$2,356 | 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 | −0.0997% | 1h | 0.008329 | −0.002% | $45K | $10K | 20x | as long as short |
| KuCoin GMTUSDTMshort | −0.0038% | 4h | 0.008320 | −0.108% | $252K | $100K | 50x | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008333 | +0.048% | $123K | $123K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008326 | −0.037% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008329 | 0.000% | $2.6M | $3.0M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008326 | −0.036% | $1.1M | $1.1M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008326 | −0.036% | $345K | $552K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008320 | −0.108% | $146K | $105K | 50x | as long as short |
| MEXC GMT_USDTlong | +0.0100% | 4h | 0.008329 | long leg | $421K | $185K | 20x | |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008325 | −0.048% | $670K | $400K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Hyperliquid GMT
Aster GMTUSDT
Binance GMTUSDT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
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 | 0.008324 | −0.060% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008305 | −0.289% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT