Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.013%
Price spread now: BingX against Binance−0.008%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1000.998% of the position
Funding, last 7 days−0.270%−$27 on $10k
+Price spread, last 7 days+0.032%+$3 · spread now −0.008%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.056% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GLMUSDT | 0.1250 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $1.6M | $1.5M | 50x |
| Short | BingX GLM-USDT | 0.1250 | 0.0070 | get 0.0035% / 4h | 1h 17m | — | $1.3M | — |
Binance GLMUSDT
BingX GLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- −$6.3
- Price spread: −0.008% → +0.048%
- −$5.61
- Slippage, 4 orders
- −$79.75
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$111.66
- Costs to cover
- 0.997%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; BingX: live order book, 4 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 Binance live order book, 16 min ago | 2.01 bp | 22.0 bp −$22 | 121.5 bp −$1,215 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 3.61 bp | 22.9 bp −$23 | 73.1 bp −$731 | 597.5 bp −$59.7K | 958.2 bp −$479.1K |
GLM on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX GLM-USDTshort | +0.0070% | 4h | 0.1250 | −0.008% | — | $1.3M | — | |
| Binance GLMUSDTlong | +0.0100% | 4h | 0.1250 | long leg | $1.6M | $1.5M | 50x | |
| Bybit GLMUSDT | +0.0100% | 4h | 0.1250 | +0.032% | $623K | $273K | 25x | as long as short |
| OKX GLM-USDT-SWAP | +0.0100% | 4h | 0.1250 | +0.024% | $437K | $408K | 20x | as long as short |
| Gate GLM_USDT | +0.0100% | 4h | 0.1249 | −0.088% | $70K | $51K | 50x | as long as short |
| MEXC GLM_USDT | +0.0100% | 4h | 0.1250 | +0.032% | $5.4M | $127K | 50x | as long as short |
| Bitget GLMUSDT | +0.0100% | 4h | 0.1250 | −0.008% | $314K | $205K | 25x | as long as short |
| Variational Omni GLM | +0.0100% | 4h | 0.1247 | −0.230% | $8K | $493 | — | as long as short |
Bybit GLMUSDT
OKX GLM-USDT-SWAP
Gate GLM_USDT
MEXC GLM_USDT
Bitget GLMUSDT
Variational Omni GLM