Funding you earn now, next payment 16:00 UTC−0.0693%/8h= −75.9% APRnext payment −$6.93 per $10,000 · paid last 24h −0.067%
Price spread now: Bitget against Bybit+0.121%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1181.184% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.158%+$16 · spread now +0.121%, 7d avg +0.046%
=The price spread pays, funding is against you. Bitget is 0.074% dearer against Bybit than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.046%): +$7 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.93 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 | Bybit GLWUSDT | 157.47 | 0 | get 0.0000% / 8h | 7h 10m | $895K | $244K | 25x |
| Short | Bitget GLWUSDT | 157.66 | −0.0693 | pay 0.0693% / 8h | 7h 10m | $2.1M | $1.1M | 20x |
Bybit GLWUSDT
Bitget GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$145.53
- Price spread: +0.121% → +0.046%
- $7.44
- Slippage, 4 orders
- −$95.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$256.49
- Costs to cover
- 1.184%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 20 min ago; Bitget: live order book, 2 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, 20 min ago | 6.42 bp | 40.9 bp −$41 | 190.1 bp −$1,901 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.86 bp | 23.7 bp −$24 | 57.3 bp −$573 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget GLWUSDTshort | −0.0693% | 8h | 157.66 | +0.121% | $2.1M | $1.1M | 20x | |
| Gate GLW_USDT | −0.0124% | 8h | 157.49 | +0.013% | $2.2M | $4.5M | 50x | as long as short |
| BloFin GLW-USDT | −0.0012% | 8h | 157.53 | +0.038% | $146K | $41K | 20x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 157.66 | +0.121% | $64K | $53K | 20x | as long as short |
| Extended GLW-USD | 0.0000% | 1h | 157.58 | +0.068% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | 0.0000% | 8h | 157.65 | +0.114% | $10.4M | $26.4M | 20x | as long as short |
| Bybit GLWUSDTlong | 0.0000% | 8h | 157.47 | long leg | $895K | $244K | 25x | |
| GRVT GLW_USDT_Perp | 0.0000% | 8h | 156.94 | −0.337% | $151 | $219K | 10x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 157.36 | −0.070% | $961 | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 157.40 | −0.044% | $17K | $22K | 20x | as long as short |
Gate GLW_USDT
BloFin GLW-USDT
Aster GLWUSDT
Extended GLW-USD
Binance GLWUSDT
GRVT GLW_USDT_Perp
SunX GLW-USDT
HTX GLW-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX GLW-USDT-SWAP | +0.0038% | 8h | 157.68 | +0.133% | $2.2M | $5.0M | 20x | as long as short |
| Vest GLW-USD-PERP | +0.0041% | 1h | 157.27 | −0.127% | — | — | 10x | as long as short |
| QFEX GLW-USD | +0.0047% | 1h | 157.49 | +0.013% | $1.1M | $1.7M | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 157.02 | −0.286% | $278K | $108K | 10x | as long as short |
| Paragon para:GLW | +0.0060% | 1h | 157.18 | −0.184% | $306K | $41K | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 157.42 | −0.032% | $319K | $847K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 157.58 | +0.070% | $2K | $3K | 10x | as long as short |
OKX GLW-USDT-SWAP
Vest GLW-USD-PERP
QFEX GLW-USD
Ondo Perps GLW-USD.P
Paragon para:GLW
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos