Funding you earn now, next payment 16:00 UTC−0.0898%/8h= −98.3% APRnext payment −$8.98 per $10,000 · paid last 24h −0.097%
Price spread now: Bitget against KuCoin−0.032%7-day average +0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$844as in the Funding arb table
Net, price: spread back to 7d avg − costs−$840as in the Price arb table
costs, in and out, $10k−$8288.278% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.032%, 7d avg +0.087%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Bitget is 0.119% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.087%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.98 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 | KuCoin GLWUSDTM | 155.76 | 0.0100 | pay 0.0100% / 8h | 7h 33m | $317K | $845K | 20x |
| Short | Bitget GLWUSDT | 155.71 | −0.0798 | pay 0.0798% / 8h | 7h 33m | $2.1M | $1.1M | 20x |
KuCoin GLWUSDTM
Bitget GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- −$188.58
- Price spread: −0.032% → +0.087%
- −$11.89
- Slippage, 4 orders
- −$803.75
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,028.22
- Costs to cover
- 8.278%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 51 min ago; Bitget: 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 KuCoin live order book, 51 min ago | 1.91 bp | 450.8 bp −$451 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.48 bp | 21.0 bp −$21 | 53.8 bp −$538 | 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 | −0.0798% | 8h | 155.71 | −0.032% | $2.1M | $1.1M | 20x | |
| Gate GLW_USDT | −0.0515% | 8h | 155.60 | −0.103% | $2.2M | $4.4M | 50x | as long as short |
| GRVT GLW_USDT_Perp | −0.0101% | 8h | 156.62 | +0.552% | $489 | $217K | 10x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 155.94 | +0.116% | $64K | $52K | 20x | as long as short |
| Extended GLW-USD | 0.0000% | 1h | 155.68 | −0.052% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | 0.0000% | 8h | 155.72 | −0.026% | $10.3M | $26.0M | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 155.74 | −0.013% | $894K | $248K | 25x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 155.65 | −0.071% | $960 | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 156.03 | +0.173% | $16K | $22K | 20x | as long as short |
| BloFin GLW-USDT | +0.0011% | 8h | 155.84 | +0.051% | $147K | $40K | 20x | as long as short |
Gate GLW_USDT
GRVT GLW_USDT_Perp
Aster GLWUSDT
Extended GLW-USD
Binance GLWUSDT
Bybit GLWUSDT
SunX GLW-USDT
HTX GLW-USDT
BloFin 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 | 155.61 | −0.096% | — | — | 10x | as long as short |
| QFEX GLW-USD | +0.0047% | 1h | 155.67 | −0.058% | $1.1M | $1.7M | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 155.63 | −0.083% | $277K | $122K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0058% | 8h | 155.72 | −0.026% | $2.1M | $4.9M | 20x | as long as short |
| Paragon para:GLW | +0.0060% | 1h | 155.60 | −0.103% | $303K | $41K | 10x | as long as short |
| KuCoin GLWUSDTMlong | +0.0100% | 8h | 155.76 | long leg | $317K | $845K | 20x | |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 155.97 | +0.135% | $2K | $3K | 10x | as long as short |
Vest GLW-USD-PERP
QFEX GLW-USD
Ondo Perps GLW-USD.P
OKX GLW-USDT-SWAP
Paragon para:GLW
Orderly PERP_GLW_USDC_mythos