Funding you earn now, next payment 01:00 UTC+0.0522%/8h= +57.1% APRpaid last 24h +0.129%
Price spread now: Binance against Paragon+0.070%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$720.722% of the position
Funding, last 7 days+0.163%+$16 on $10k
+Price spread, last 2 days (all we have)+0.104%+$10 · spread now +0.070%, 7d avg +0.128%
=Funding pays, the price is against you. Binance is 0.058% cheaper against Paragon than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.128%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.163% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.163% in total (about 8.5% a year). A funding rate is set anew for every payment. 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 | Paragon para:GLW | 161.60 | 0.0060 | pay 0.0008% / 1h | 52m 53s | $321K | $30K | 10x |
| Short | Binance GLWUSDT | 161.71 | 0.0582 | get 0.0582% / 8h | 7h 52m | $11.1M | $21.2M | 20x |
Paragon para:GLW
Binance GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Paragon. 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
- $109.58
- Price spread: +0.070% → +0.128%
- −$5.83
- Slippage, 4 orders
- −$52.22
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $31.53
- Costs to cover
- 0.722%
- Break-even
- 5.0 days
Slippage from Paragon: live order book, 3 min ago; Binance: 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 Paragon live order book, 3 min ago | 18.30 bp | 24.9 bp −$25 | 53.4 bp −$534 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.24 bp | 9.4 bp −$9 | 35.1 bp −$351 | 160.7 bp −$16.1K | 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 | 161.83 | +0.140% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 161.67 | +0.043% | $936K | $193K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 161.48 | −0.074% | $2.2M | $4.2M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 161.61 | +0.006% | $999 | $1.9M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 161.75 | +0.093% | $17K | $16K | 20x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 161.70 | +0.062% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 161.59 | −0.006% | $301K | $109K | 10x | as long as short |
| QFEX GLW-USD | +0.0052% | 1h | 161.64 | +0.025% | $1.1M | $2.3M | 10x | as long as short |
| Paragon para:GLWlong | +0.0060% | 1h | 161.60 | long leg | $321K | $30K | 10x | |
| KuCoin GLWUSDTM | +0.0100% | 8h | 161.65 | +0.031% | $326K | $1.0M | 20x | as long as short |
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
QFEX GLW-USD
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 | 161.72 | +0.074% | $2K | $2K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0209% | 8h | 161.51 | −0.056% | $102 | $172K | 10x | as long as short |
| Bitget GLWUSDT | +0.0227% | 8h | 161.59 | −0.006% | $2.2M | $817K | 20x | as long as short |
| OKX GLW-USDT-SWAP | +0.0254% | 8h | 161.66 | +0.037% | $2.3M | $4.4M | 20x | as long as short |
| BloFin GLW-USDT | +0.0582% | 8h | 161.69 | +0.056% | $150K | $36K | 20x | as long as short |
| Binance GLWUSDTshort | +0.0582% | 8h | 161.71 | +0.070% | $11.1M | $21.2M | 20x | |
| Extended GLW-USD | +0.0584% | 1h | 161.68 | +0.052% | $2K | $2K | 10x | as long as short |
Orderly PERP_GLW_USDC_mythos
GRVT GLW_USDT_Perp
Bitget GLWUSDT
OKX GLW-USDT-SWAP
BloFin GLW-USDT
Extended GLW-USD