Funding you earn now, next payment 08:00 UTC−0.0194%/8h= −21.2% APRnext payment −$1.94 per $10,000 · paid last 24h −0.073%
Price spread now: Bybit against OKX−0.129%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$820.815% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.129%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.080% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GLW-USDT-SWAP | 162.36 | 0.0194 | pay 0.0194% / 8h | 6h 21m | $2.3M | $4.4M | 20x |
| Short | Bybit GLWUSDT | 162.15 | 0 | get 0.0000% / 8h | 6h 21m | $931K | $197K | 25x |
OKX GLW-USDT-SWAP
Bybit GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$40.65
- Price spread: −0.129% → −0.049%
- −$8.02
- Slippage, 4 orders
- −$60.53
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$130.2
- Costs to cover
- 0.815%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 43 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, 1 min ago | 2.46 bp | 8.5 bp −$9 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 43 min ago | 2.78 bp | 38.7 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
GLW on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | −0.0294% | 1h | 162.02 | −0.211% | $322K | $38K | 10x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 162.31 | −0.032% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDTshort | 0.0000% | 8h | 162.15 | −0.129% | $931K | $197K | 25x | |
| Gate GLW_USDT | 0.0000% | 8h | 162.11 | −0.154% | $2.2M | $4.3M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 162.18 | −0.111% | $1K | $1.8M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 162.32 | −0.025% | $17K | $16K | 20x | as long as short |
| QFEX GLW-USD | +0.0034% | 1h | 162.20 | −0.099% | $1.1M | $2.2M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 162.20 | −0.099% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 162.19 | −0.105% | $303K | $106K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0099% | 8h | 162.30 | −0.039% | $417 | $170K | 10x | as long as short |
Paragon para:GLW
Aster GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
QFEX GLW-USD
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
GRVT GLW_USDT_PerpShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GLWUSDTM | +0.0100% | 8h | 162.15 | −0.129% | $326K | $969K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 162.28 | −0.049% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAPlong | +0.0194% | 8h | 162.36 | long leg | $2.3M | $4.4M | 20x | |
| Bitget GLWUSDT | +0.0363% | 8h | 162.16 | −0.123% | $2.2M | $815K | 20x | as long as short |
| Binance GLWUSDT | +0.0478% | 8h | 162.22 | −0.083% | $10.7M | $21.7M | 20x | as long as short |
| Extended GLW-USD | +0.0480% | 1h | 162.23 | −0.082% | $2K | $1K | 10x | as long as short |
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
Bitget GLWUSDT
Binance GLWUSDT
Extended GLW-USD