Funding you earn now, next payment 08:00 UTC+0.0570%/8h= +62.4% APRnext payment +$5.70 per $10,000 · paid last 24h +0.120%
Price spread now: BloFin against Bybit−0.192%102s7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as 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−$920.919% of the position
Funding, last 7 days+0.329%+$33 on $10k
+Price spread, last 3 days (all we have)+0.215%+$22 · spread now −0.192%, 7d avg +0.056%
=Funding pays, the price is against you. BloFin is 0.248% cheaper against Bybit than usual: you would sell low and buy high (spread −0.192% now, against its 7-day average of +0.056%). If the spread goes back, that is −$25 on $10k: about 35 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.329% in total) that is about 5.3 days. The two prices were read 102 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 0.329% in total (about 17.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.70 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 | 161.67 | 0 | get 0.0000% / 8h | 7h 53m | $936K | $194K | 25x |
| Short | BloFin GLW-USDT | 161.36 | 0.0570 | get 0.0570% / 8h | 7h 53m | $150K | $36K | 20x |
Bybit GLWUSDT
BloFin GLW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $119.69
- Price spread: −0.192% → +0.056%
- −$24.79
- Slippage, 4 orders
- −$68.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $3.03
- Costs to cover
- 0.919%
- Break-even
- 6.8 days
Slippage from Bybit: live order book, 17 min ago; BloFin: live order book, 3 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, 17 min ago | 4.96 bp | 35.9 bp −$36 | 180.0 bp −$1,800 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.24 bp | 14.3 bp −$14 | 33.6 bp −$336 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster GLWUSDT | 0.0000% | 8h | 161.76 | +0.058% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDTlong | 0.0000% | 8h | 161.67 | long leg | $936K | $194K | 25x | |
| Gate GLW_USDT | 0.0000% | 8h | 161.52 | −0.093% | $2.2M | $4.2M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 161.53 | −0.087% | $1K | $1.9M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 161.75 | +0.049% | $17K | $16K | 20x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 161.70 | +0.019% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 161.59 | −0.049% | $301K | $109K | 10x | as long as short |
| QFEX GLW-USD | +0.0052% | 1h | 161.64 | −0.019% | $1.1M | $2.3M | 10x | as long as short |
| Paragon para:GLW | +0.0060% | 1h | 161.51 | −0.099% | $321K | $30K | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 161.59 | −0.049% | $325K | $1.0M | 20x | as long as short |
Aster GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
QFEX GLW-USD
Paragon para:GLW
KuCoin GLWUSDTMShow 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 | 161.63 | −0.025% | $2K | $2K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0209% | 8h | 161.51 | −0.099% | $102 | $172K | 10x | as long as short |
| Bitget GLWUSDT | +0.0227% | 8h | 161.56 | −0.068% | $2.2M | $816K | 20x | as long as short |
| OKX GLW-USDT-SWAP | +0.0255% | 8h | 161.66 | −0.006% | $2.3M | $4.4M | 20x | as long as short |
| BloFin GLW-USDTshort | +0.0570% | 8h | 161.36 | −0.192% | $150K | $36K | 20x | |
| Binance GLWUSDT | +0.0582% | 8h | 161.70 | +0.016% | $11.1M | $21.2M | 20x | as long as short |
| Extended GLW-USD | +0.0584% | 1h | 161.65 | −0.009% | $2K | $2K | 10x | as long as short |
Orderly PERP_GLW_USDC_mythos
GRVT GLW_USDT_Perp
Bitget GLWUSDT
OKX GLW-USDT-SWAP
Binance GLWUSDT
Extended GLW-USD