Funding you earn now, next payment 08:00 UTC−0.0320%/8h= −35.0% APRnext payment −$3.20 per $10,000 · paid last 24h −0.085%
Price spread now: KuCoin against BloFin−0.142%95s7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$862as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$8588.580% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.142%, 7d avg −0.103%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.039% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.103%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.20 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 GLW-USDT | 162.28 | 0.0420 | pay 0.0420% / 8h | 5h 27m | $155K | $36K | 20x |
| Short | KuCoin GLWUSDTM | 162.05 | 0.0100 | get 0.0100% / 8h | 5h 27m | $327K | $946K | 20x |
BloFin GLW-USDT
KuCoin GLWUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$67.18
- Price spread: −0.142% → −0.103%
- −$3.87
- Slippage, 4 orders
- −$834
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$929.06
- Costs to cover
- 8.580%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; KuCoin: live order book, 27 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, 9 min ago | 1.54 bp | 9.0 bp −$9 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 27 min ago | 5.55 bp | 428.6 bp −$429 | doesn't fit | doesn't fit | doesn't fit |
GLW on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | −0.0621% | 1h | 161.95 | −0.204% | $322K | $37K | 10x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 162.25 | −0.017% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 162.14 | −0.086% | $930K | $198K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 162.11 | −0.105% | $2.2M | $4.3M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 162.22 | −0.037% | $1K | $1.8M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 162.31 | +0.018% | $17K | $16K | 20x | as long as short |
| QFEX GLW-USD | +0.0044% | 1h | 162.14 | −0.086% | $1.1M | $2.1M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 162.13 | −0.092% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 162.11 | −0.105% | $304K | $107K | 10x | as long as short |
| KuCoin GLWUSDTMshort | +0.0100% | 8h | 162.05 | −0.142% | $327K | $946K | 20x |
Paragon para:GLW
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
QFEX GLW-USD
Vest GLW-USD-PERP
Ondo Perps GLW-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 162.21 | −0.043% | $2K | $2K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0139% | 8h | 162.33 | +0.031% | $513 | $173K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0247% | 8h | 162.21 | −0.043% | $2.3M | $4.4M | 20x | as long as short |
| Bitget GLWUSDT | +0.0266% | 8h | 162.15 | −0.080% | $2.2M | $817K | 20x | as long as short |
| Extended GLW-USD | +0.0416% | 1h | 162.17 | −0.070% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | +0.0418% | 8h | 162.21 | −0.043% | $10.8M | $21.7M | 20x | as long as short |
| BloFin GLW-USDTlong | +0.0420% | 8h | 162.28 | long leg | $155K | $36K | 20x |
Orderly PERP_GLW_USDC_mythos
GRVT GLW_USDT_Perp
OKX GLW-USDT-SWAP
Bitget GLWUSDT
Extended GLW-USD
Binance GLWUSDT