Funding you earn now, next payment 16:00 UTC+0.0596%/8h= +65.3% APRnext payment +$5.96 per $10,000 · paid last 24h +0.109%
Price spread now: OKX against Gate+0.102%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$610.610% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.102%, 7d avg +0.046%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and OKX is 0.056% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.046%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.96 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 | Gate GLW_USDT | 156.41 | −0.0527 | get 0.0527% / 8h | 7h 38m | $2.2M | $4.4M | 50x |
| Short | OKX GLW-USDT-SWAP | 156.57 | 0.0069 | get 0.0069% / 8h | 7h 38m | $2.2M | $4.8M | 20x |
Gate GLW_USDT
OKX GLW-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $125.17
- Price spread: +0.102% → +0.046%
- $5.61
- Slippage, 4 orders
- −$35.96
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $69.81
- Costs to cover
- 0.610%
- Break-even
- 3.1 days
Slippage from Gate: live order book, 5 min ago; OKX: live order book, 4 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 Gate live order book, 5 min ago | 7.65 bp | 18.0 bp −$18 | 160.3 bp −$1,603 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.27 bp | 12.6 bp −$13 | 31.9 bp −$319 | 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 GLWUSDT | −0.0787% | 8h | 156.49 | +0.051% | $2.1M | $1.1M | 20x | as long as short |
| Gate GLW_USDTlong | −0.0527% | 8h | 156.41 | long leg | $2.2M | $4.4M | 50x | |
| BloFin GLW-USDT | −0.0014% | 8h | 156.67 | +0.166% | $148K | $40K | 20x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 156.74 | +0.210% | $64K | $52K | 20x | as long as short |
| Extended GLW-USD | 0.0000% | 1h | 156.60 | +0.120% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | 0.0000% | 8h | 156.55 | +0.092% | $10.3M | $25.7M | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 156.58 | +0.109% | $898K | $247K | 25x | as long as short |
| GRVT GLW_USDT_Perp | 0.0000% | 8h | 157.11 | +0.447% | $490 | $217K | 10x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 156.26 | −0.096% | $1K | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 156.73 | +0.205% | $16K | $22K | 20x | as long as short |
Bitget GLWUSDT
BloFin GLW-USDT
Aster GLWUSDT
Extended GLW-USD
Binance GLWUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| Vest GLW-USD-PERP | +0.0046% | 1h | 156.78 | +0.237% | — | — | 10x | as long as short |
| QFEX GLW-USD | +0.0047% | 1h | 156.93 | +0.332% | $1.1M | $1.7M | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 156.48 | +0.045% | $279K | $122K | 10x | as long as short |
| Paragon para:GLW | +0.0060% | 1h | 156.46 | +0.035% | $305K | $41K | 10x | as long as short |
| OKX GLW-USDT-SWAPshort | +0.0069% | 8h | 156.57 | +0.102% | $2.2M | $4.8M | 20x | |
| KuCoin GLWUSDTM | +0.0100% | 8h | 156.62 | +0.134% | $320K | $846K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 156.57 | +0.102% | $2K | $3K | 10x | as long as short |
Vest GLW-USD-PERP
QFEX GLW-USD
Ondo Perps GLW-USD.P
Paragon para:GLW
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos