Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.049%
Price spread now: Binance against OKX−0.099%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days+0.175%+$18 on $10k
+Price spread, last 7 days+0.135%+$13 · spread now −0.099%, 7d avg +0.023%
=Funding pays, the price is against you. Binance is 0.122% cheaper against OKX than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.023%). If the spread goes back, that is −$12 on $10k: about 14 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.175% in total) that is about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GLW-USDT-SWAP | 159.31 | 0.0092 | pay 0.0092% / 8h | 2h 50m | $2.2M | $4.5M | 20x |
| Short | Binance GLWUSDT | 159.15 | 0.0121 | get 0.0121% / 8h | 2h 50m | $10.3M | $22.6M | 20x |
OKX GLW-USDT-SWAP
Binance GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $6.19
- Price spread: −0.099% → +0.023%
- −$12.2
- Slippage, 4 orders
- −$24.7
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$50.71
- Costs to cover
- 0.447%
- Break-even
- 64.3 days
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 5 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 OKX live order book, 2 min ago | 0.94 bp | 16.2 bp −$16 | 58.8 bp −$588 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.94 bp | 6.0 bp −$6 | 33.7 bp −$337 | 124.6 bp −$12.5K | 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 | −0.0333% | 8h | 159.43 | +0.075% | $2.1M | $830K | 20x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 159.32 | +0.004% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 159.16 | −0.094% | $913K | $214K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 159.40 | +0.056% | $2.2M | $4.3M | 50x | as long as short |
| GRVT GLW_USDT_Perp | 0.0000% | 8h | 159.24 | −0.041% | $142 | $201K | 10x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 159.46 | +0.094% | $1K | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 159.61 | +0.188% | $16K | $16K | 20x | as long as short |
| QFEX GLW-USD | +0.0032% | 1h | 159.43 | +0.075% | $1.1M | $1.8M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 159.40 | +0.056% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 159.59 | +0.176% | $290K | $117K | 10x | as long as short |
Bitget GLWUSDT
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
GRVT GLW_USDT_Perp
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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | +0.0060% | 1h | 159.42 | +0.071% | $311K | $41K | 10x | as long as short |
| OKX GLW-USDT-SWAPlong | +0.0092% | 8h | 159.31 | long leg | $2.2M | $4.5M | 20x | |
| KuCoin GLWUSDTM | +0.0100% | 8h | 159.16 | −0.094% | $320K | $915K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 159.45 | +0.088% | $2K | $2K | 10x | as long as short |
| BloFin GLW-USDT | +0.0101% | 8h | 159.60 | +0.182% | $149K | $37K | 20x | as long as short |
| Extended GLW-USD | +0.0120% | 1h | 159.09 | −0.135% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDTshort | +0.0121% | 8h | 159.15 | −0.099% | $10.3M | $22.6M | 20x |
Paragon para:GLW
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
BloFin GLW-USDT
Extended GLW-USD