Funding you earn now, next payment 08:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.39 per $10,000 · paid last 24h +0.024%
Price spread now: Bitget against OKX+0.130%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1441.443% of the position
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.130%, 7d avg +0.075%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.055% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GMT-USDT-SWAP | 0.008451 | 0.0022 | pay 0.0011% / 4h | 39m 33s | $386K | $1.2M | 20x |
| Short | Bitget GMTUSDT | 0.008462 | 0.0100 | get 0.0050% / 4h | 39m 33s | $673K | $630K | 50x |
OKX GMT-USDT-SWAP
Bitget GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- $16.44
- Price spread: +0.130% → +0.075%
- $5.47
- Slippage, 4 orders
- −$122.32
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$122.42
- Costs to cover
- 1.443%
- Break-even
- 59.1 days
Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 61 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 OKX live order book, 2 min ago | 4.12 bp | 36.2 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 61 min ago | 1.18 bp | 46.8 bp −$47 | 237.4 bp −$2,374 | 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 | 0.008492 | +0.487% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0212% | 8h | 0.008501 | +0.590% | $4K | $6K | — | as long as short |
| Bybit GMTUSDT | −0.0183% | 8h | 0.008462 | +0.130% | $1.1M | $2.1M | 50x | as long as short |
| KuCoin GMTUSDTM | −0.0112% | 4h | 0.008470 | +0.225% | $256K | $185K | 50x | as long as short |
| OKX GMT-USDT-SWAPlong | +0.0022% | 4h | 0.008451 | long leg | $386K | $1.2M | 20x | |
| Hyperliquid GMT | +0.0100% | 1h | 0.008456 | +0.059% | $112K | $141K | 3x | as long as short |
| Aster GMTUSDT | +0.0100% | 4h | 0.008464 | +0.153% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008459 | +0.095% | $2.8M | $5.4M | 50x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008480 | +0.343% | $146K | $177K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008453 | +0.024% | $443K | $217K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
Bybit GMTUSDT
KuCoin GMTUSDTM
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 GMTUSDTshort | +0.0100% | 4h | 0.008462 | +0.130% | $673K | $630K | 50x | |
| BingX GMT-USDT | +0.0100% | 4h | 0.008462 | +0.130% | — | $1.3M | — | as long as short |
BingX GMT-USDT