GWEI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0221%/8h= +24.2% APRnext payment +$1.10 per $10,000 · paid last 24h +0.003%

Price spread now: BingX against BloFin−0.131%7-day average −0.035% · 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−$140as in the Price arb table

costs, in and out, $10k−$1301.301% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 3 days (all we have)−0.125%−$13 · spread now −0.131%, 7d avg −0.035%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.096% cheaper against BloFin than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.035%). If the spread goes back, that is −$10 on $10k: about 35 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.032% in total) that is about 21 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GWEI-USDT	0.02295	0.0661	pay 0.0331% / 4h	1h 38m	$171K	$29K	50x
Short	BingX GWEI-USDT	0.02292	0.0882	get 0.0441% / 4h	1h 38m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now −0.131%Rate

Funding earned: $46.34
Price spread: −0.131% → −0.035%: −$9.6
Slippage, 4 orders: −$108.09
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$93.34
Costs to cover: 1.301%
Break-even: 21.1 days

Slippage from BloFin: live order book, 36 min ago; BingX: live order book, 9 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 BloFin live order book, 36 min ago	6.57 bp	28.6 bp −$29	139.1 bp −$1,391	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	6.54 bp	27.1 bp −$27	93.8 bp −$938	663.3 bp −$66.3K	1153.3 bp −$576.7K

GWEI on 11 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
Variational Omni GWEI	+0.0100%	4h	0.02296	+0.054%	$4K	$55	—	as long as short
KuCoin GWEIUSDTM	+0.0148%	4h	0.02290	−0.205%	$453K	$17K	20x	as long as short
Extended GWEI-USD	+0.0608%	1h	0.02291	−0.193%	$3K	$142K	5x	as long as short
MEXC GWEI_USDT	+0.0610%	4h	0.02292	−0.131%	$101K	$85K	20x	as long as short
Binance GWEIUSDT	+0.0612%	4h	0.02291	−0.174%	$2.4M	$2.6M	50x	as long as short
Bitget GWEIUSDT	+0.0648%	4h	0.02291	−0.174%	$1.9M	$210K	20x	as long as short
BloFin GWEI-USDTlong	+0.0661%	4h	0.02295	long leg	$171K	$29K	50x
Bybit GWEIUSDT	+0.0768%	4h	0.02296	+0.044%	$372K	$115K	25x	as long as short
Gate GWEI_USDT	+0.0878%	4h	0.02288	−0.305%	$377K	$389K	10x	as long as short
BingX GWEI-USDTshort	+0.0882%	4h	0.02292	−0.131%	—	$1.6M	—

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GWEIUSDT	+0.1717%	4h	0.02294	−0.050%	$16K	$15K	10x	as long as short