GMT arbitrage between HyperLiquid and OKX: we compare the price of GMT on HyperLiquid (futures) and OKX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About GMT

What is STEPN (GMT)? GMT is the governance token of STEPN with a limited supply of 6 billion tokens. When should I buy STEPN (GMT)? Players buy GMTs to burn in the STEPN app in order to access features provided by STEPN, such as mint high-quality Sneakers, upgrade high-quality Gems and participate governance voting. What is STEPN? STEPN is a Web3 lifestyle app with Social-Fi and Game-Fi elements. Users equipped with NFT Sneakers – walk, jog or run outdoors to earn tokens and NFTs. STEPN has a dual-token system, Users can earn GST Player can choose to lease or trade their NFT Sneakers on the in-app Marketplace; users’ earnings are stored in the in-app Wallet, which has a built-in Swap function. Who is behind STEPN? STEPN is created by Find Satoshi Lab, an Australian-based fintech studio.…

Gaming (GameFi), NFT, BNB Chain Ecosystem, Solana Ecosystem

GMT: OKX — deposit open, withdrawal open.

Open interest in GMT right now — $5.6M: Binance $1.9M, Bybit $1.2M, BingX $1.1M, Bitget $563.4K, OKX $342.9K. See OI GMT.

About GMT arbitrage

How do I read the GMT spread?

The spread is how many percent higher GMT trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and OKX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get GMT alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.