GLM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.020%

Price spread now: BingX against Bybit0.000%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1251.254% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.440%−$44 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now 0.000%, 7d avg −0.054%

Together, before fees−0.433%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.054% dearer against Bybit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.054%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 7 days (−0.440% in total) that is about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GLMUSDT	0.1235	0.0100	pay 0.0050% / 4h	8m 27s	$624K	$249K	25x
Short	BingX GLM-USDT	0.1235	0.0070	get 0.0035% / 4h	8m 27s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$6.3
Price spread: 0.000% → −0.054%: $5.36
Slippage, 4 orders: −$104.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$126.38
Costs to cover: 1.254%
Break-even: never at this rate

Slippage from Bybit: live order book, 62 min ago; BingX: live order book, 8 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 Bybit live order book, 62 min ago	2.84 bp	41.2 bp −$41	418.8 bp −$4,188	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	4.45 bp	29.8 bp −$30	77.5 bp −$775	593.4 bp −$59.3K	960.7 bp −$480.4K

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	0.1235	0.000%	—	$1.3M	—
Binance GLMUSDT	+0.0100%	4h	0.1235	−0.003%	$1.6M	$1.3M	50x	as long as short
Bybit GLMUSDTlong	+0.0100%	4h	0.1235	long leg	$624K	$249K	25x
OKX GLM-USDT-SWAP	+0.0100%	4h	0.1236	+0.073%	$433K	$392K	20x	as long as short
Gate GLM_USDT	+0.0100%	4h	0.1234	−0.089%	$70K	$50K	50x	as long as short
MEXC GLM_USDT	+0.0100%	4h	0.1235	−0.008%	$5.4M	$112K	50x	as long as short
Bitget GLMUSDT	+0.0100%	4h	0.1235	−0.008%	$310K	$204K	25x	as long as short
Variational Omni GLM	+0.0100%	4h	0.1234	−0.091%	$7K	$493	—	as long as short