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: Bybit against BingX−0.008%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1241.242% of the position
Funding, last 7 days+0.420%+$42 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.008%, 7d avg +0.052%
=Funding pays, the price is against you. Bybit is 0.060% cheaper against BingX than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.052%). If the spread goes back, that is −$6 on $10k: about 6.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.420% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GLM-USDT | 0.1245 | 0.0070 | pay 0.0035% / 4h | 5m 05s | — | $1.3M | — |
| Short | Bybit GLMUSDT | 0.1244 | 0.0100 | get 0.0050% / 4h | 5m 05s | $614K | $276K | 25x |
BingX GLM-USDT
Bybit GLMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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% → +0.052%
- −$5.98
- Slippage, 4 orders
- −$103.17
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$123.85
- Costs to cover
- 1.242%
- Break-even
- 144.6 days
Slippage from BingX: live order book, 1 min ago; Bybit: live order book, 45 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 BingX live order book, 1 min ago | 4.82 bp | 27.0 bp −$27 | 76.3 bp −$763 | 614.2 bp −$61.4K | 886.4 bp −$443.2K |
| Sell Bybit live order book, 45 min ago | 4.02 bp | 36.7 bp −$37 | 390.0 bp −$3,900 | doesn't fit | doesn't fit |
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-USDTlong | +0.0070% | 4h | 0.1245 | long leg | — | $1.3M | — | |
| Binance GLMUSDT | +0.0100% | 4h | 0.1244 | −0.080% | $1.6M | $1.5M | 50x | as long as short |
| Bybit GLMUSDTshort | +0.0100% | 4h | 0.1244 | −0.008% | $614K | $276K | 25x | |
| OKX GLM-USDT-SWAP | +0.0100% | 4h | 0.1244 | −0.072% | $437K | $413K | 20x | as long as short |
| Gate GLM_USDT | +0.0100% | 4h | 0.1244 | −0.040% | $71K | $51K | 50x | as long as short |
| MEXC GLM_USDT | +0.0100% | 4h | 0.1244 | −0.080% | $5.3M | $132K | 50x | as long as short |
| Bitget GLMUSDT | +0.0100% | 4h | 0.1243 | −0.121% | $311K | $204K | 25x | as long as short |
| Variational Omni GLM | +0.0100% | 4h | 0.1245 | +0.027% | $8K | $493 | — | as long as short |
Binance GLMUSDT
OKX GLM-USDT-SWAP
Gate GLM_USDT
MEXC GLM_USDT
Bitget GLMUSDT
Variational Omni GLM