Funding you earn now, next payment 09:00 UTC−0.0698%/8h= −76.4% APRpaid last 24h −0.043%
Price spread now: Bitget against Paragon+0.136%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1511.515% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.206%+$21 · spread now +0.136%, 7d avg +0.064%
=The price spread pays, funding is against you. Bitget is 0.072% dearer against Paragon than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.064%): +$7 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.026% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.3% 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 | 157.61 | 0.0060 | pay 0.0008% / 1h | 0m 52s | $307K | $41K | 10x |
| Short | Bitget GLWUSDT | 157.82 | −0.0638 | pay 0.0638% / 8h | 7h 00m | $2.1M | $1.1M | 20x |
Paragon para:GLW
Bitget GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$146.58
- Price spread: +0.136% → +0.064%
- $7.16
- Slippage, 4 orders
- −$129.46
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$290.87
- Costs to cover
- 1.515%
- Break-even
- never at this rate
Slippage from Paragon: live order book, 45 min ago; Bitget: live order book, 1 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, 45 min ago | 15.27 bp | 46.4 bp −$46 | 115.1 bp −$1,151 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.85 bp | 17.5 bp −$17 | 46.7 bp −$467 | 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 | −0.0638% | 8h | 157.82 | +0.136% | $2.1M | $1.1M | 20x | |
| Aster GLWUSDT | 0.0000% | 8h | 157.82 | +0.136% | $64K | $53K | 20x | as long as short |
| Extended GLW-USD | 0.0000% | 1h | 157.74 | +0.083% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | 0.0000% | 8h | 157.81 | +0.130% | $10.4M | $26.5M | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 157.81 | +0.130% | $898K | $244K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 157.69 | +0.054% | $2.2M | $4.6M | 50x | as long as short |
| GRVT GLW_USDT_Perp | 0.0000% | 8h | 158.10 | +0.312% | $395 | $222K | 10x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 157.76 | +0.098% | $999 | $1.6M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 157.95 | +0.219% | $17K | $22K | 20x | as long as short |
| BloFin GLW-USDT | +0.0001% | 8h | 157.98 | +0.238% | $146K | $41K | 20x | as long as short |
Aster GLWUSDT
Extended GLW-USD
Binance GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
GRVT GLW_USDT_Perp
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 | +0.0041% | 1h | 158.02 | +0.263% | — | — | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0044% | 8h | 157.99 | +0.244% | $2.2M | $5.0M | 20x | as long as short |
| QFEX GLW-USD | +0.0047% | 1h | 158.08 | +0.301% | $1.1M | $1.7M | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 157.56 | −0.029% | $277K | $113K | 10x | as long as short |
| Paragon para:GLWlong | +0.0060% | 1h | 157.61 | long leg | $307K | $41K | 10x | |
| KuCoin GLWUSDTM | +0.0100% | 8h | 157.50 | −0.067% | $365K | $857K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 157.77 | +0.104% | $2K | $3K | 10x | as long as short |
Vest GLW-USD-PERP
OKX GLW-USDT-SWAP
QFEX GLW-USD
Ondo Perps GLW-USD.P
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos