ArbiLayer

GMT arbitrage

live

Live GMT price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.03%OKX → KuCoin · Spot–Spot
Best perp–perp spread+0.11%KuCoin → Bitget
Markets tracked1610 venues · 10 perp · 6 spot · 0 DEX
Price range0.45%$0.008785 – $0.008825

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
KuCoin logoKuCoin$0.00879Bitget logoBitget$0.0088 +0.11%-0.05% +0.12%— +0.038%— LS Chart →
OKX logoOKX$0.008793Bitget logoBitget$0.0088 +0.08%-0.08% +0.08%— +0.024%— LS Chart →
KuCoin logoKuCoin$0.00879Binance logoBinance$0.008796 +0.07%-0.09% +0.07%— +0.038%— LS Chart →
KuCoin logoKuCoin$0.00879MEXC logoMEXC$0.008795 +0.06%-0.10% +0.06%— +0.038%— LS Chart →
Bybit logoBybit$0.008795Bitget logoBitget$0.0088 +0.06%-0.10% +0.05%— 0.000%— LS Chart →
MEXC logoMEXC$0.008796Bitget logoBitget$0.0088 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.00879Bybit logoBybit$0.008793 +0.03%-0.13% +0.05%— +0.038%— LS Chart →
OKX logoOKX$0.008793Binance logoBinance$0.008796 +0.03%-0.13% +0.04%— +0.024%— LS Chart →
Binance logoBinance$0.008797Bitget logoBitget$0.0088 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
OKX logoOKX$0.008793MEXC logoMEXC$0.008795 +0.02%-0.14% +0.03%— +0.024%— LS Chart →
Bybit logoBybit$0.008795Binance logoBinance$0.008796 +0.01%-0.15% +0.01%— 0.000%— LS Chart →
Bybit logoBybit$0.008795MEXC logoMEXC$0.008795 0.00%-0.16% -0.01%— 0.000%— LS Chart →
MEXC logoMEXC$0.008796Binance logoBinance$0.008796 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Gate logoGate$0.0088Bitget logoBitget$0.0088 0.00%-0.16% -0.01%— 0.000%— LS Chart →
OKX logoOKX$0.008793Bybit logoBybit$0.008793 0.00%-0.16% +0.01%— +0.024%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

GMT price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · GMT_USDTPerpetual $0.00879$0.0088$0.008795-0.04% +0.030%$5.30M
Bybit logoBybitPerpetual · GMTUSDTPerpetual $0.008793$0.008795$0.008794-0.05% +0.030%$731.9K
OKX logoOKXPerpetual · GMT-USDT-SWAPPerpetual $0.00879$0.008793$0.008792-0.08% +0.006%$374.1K
MEXC logoMEXCPerpetual · GMT_USDTPerpetual $0.008795$0.008796$0.008796-0.03% +0.030%$116.9K
KuCoin logoKuCoinSpot · GMT-USDTSpot $0.00882$0.00883$0.008825+0.30% —$111.9K
Bitget logoBitgetPerpetual · GMTUSDTPerpetual $0.0088$0.008804$0.008802+0.04% +0.030%$108.3K
KuCoin logoKuCoinPerpetual · GMTUSDTMPerpetual $0.00878$0.00879$0.008785-0.15% -0.008%$60.5K
Hyperliquid logoHyperliquidPerpetual · GMTPerpetual $0.008784$0.008809$0.008797-0.02% +0.030%$52.3K
OKX logoOKXSpot · GMT-USDTSpot $0.008797$0.008805$0.008801+0.03% —$43.0K
Bybit logoBybitSpot · GMTUSDTSpot $0.008796$0.008811$0.008803+0.06% —$27.1K
Bitget logoBitgetSpot · GMTUSDTSpot $0.0088$0.00881$0.008805+0.08% —$18.1K
Gate logoGateSpot · GMT_USDTSpot $0.008813$0.008824$0.008819+0.23% —$15.2K
Variational logoVariationalPerpetual · GMTPerpetual $0.008789$0.008804$0.008796-0.02% +0.010%$1.6K
Binance logoBinancePerpetual · GMTUSDTPerpetual $0.008796$0.008797$0.008796-0.02% +0.030%—
Aster logoAsterPerpetual · GMTUSDTPerpetual $0.00879$0.00881$0.0088+0.02% +0.030%—
Binance logoBinanceSpot · GMTUSDTSpot $0.0088$0.00881$0.008805+0.08% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

GMT arbitrage explained

Right now GMT trades on 10 venues we scan: 10 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.00879 and the highest bid on KuCoin spot at $0.00882.

The widest GMT perpetual spread is between KuCoin and Bitget: long GMT on KuCoin at $0.00879 and short on Bitget at $0.0088 for +0.11% gross, or -0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.038% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best GMT route is to buy spot on OKX and short the perpetual on Bitget: -0.06% gross, -0.26% net, with +0.030% a day of funding on the short leg.

Spot–spot GMT arbitrage (buy on OKX, withdraw, deposit and sell on KuCoin) shows +0.17% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small GMT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: GMT funding rates · GMT spread charts · GMT price · arbitrage scanner for all coins.

Is there a GMT arbitrage opportunity right now?

The best GMT route right now is to buy on OKX spot → sell on KuCoin spot (Spot–Spot): +0.17% gross and -0.03% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest GMT?

KuCoin (perp) has the lowest GMT ask at $0.00879, and KuCoin (spot) the highest bid at $0.00882. Prices update every 15 seconds on this page.

How many exchanges list GMT?

ArbiLayer tracks 16 GMT markets on 10 venues: 10 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage GMT without transferring coins?

Use two perpetual contracts: go long GMT on the cheaper exchange (KuCoin now) and short it on the more expensive one (Bitget), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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