Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.013%
Price spread now: OKX against BingX+0.250%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$1141.136% of the position
Funding, last 7 days+0.258%+$26 on $10k
+Price spread, last 4 days (all we have)−0.262%−$26 · spread now +0.250%, 7d avg +0.006%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.244% dearer against BingX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GLM-USDT | 0.1238 | 0.0070 | pay 0.0035% / 4h | 1h 56m | — | $1.3M | — |
| Short | OKX GLM-USDT-SWAP | 0.1241 | 0.0100 | get 0.0050% / 4h | 1h 56m | $434K | $402K | 20x |
BingX GLM-USDT
OKX GLM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. 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
- $6.3
- Price spread: +0.250% → +0.006%
- $24.44
- Slippage, 4 orders
- −$93.58
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$82.83
- Costs to cover
- 1.136%
- Break-even
- 99.0 days
Slippage from BingX: live order book, 5 min ago; OKX: live order book, 4 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 BingX live order book, 5 min ago | 3.63 bp | 20.2 bp −$20 | 62.7 bp −$627 | 604.2 bp −$60.4K | 952.5 bp −$476.3K |
| Sell OKX live order book, 4 min ago | 3.24 bp | 23.9 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
GLM on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX GLM-USDTlong | +0.0070% | 4h | 0.1238 | long leg | — | $1.3M | — | |
| Binance GLMUSDT | +0.0100% | 4h | 0.1239 | +0.098% | $1.5M | $1.4M | 50x | as long as short |
| Bybit GLMUSDT | +0.0100% | 4h | 0.1238 | +0.048% | $621K | $267K | 25x | as long as short |
| OKX GLM-USDT-SWAPshort | +0.0100% | 4h | 0.1241 | +0.250% | $434K | $402K | 20x | |
| Gate GLM_USDT | +0.0100% | 4h | 0.1238 | +0.024% | $70K | $50K | 50x | as long as short |
| MEXC GLM_USDT | +0.0100% | 4h | 0.1239 | +0.129% | $5.4M | $119K | 50x | as long as short |
| Bitget GLMUSDT | +0.0100% | 4h | 0.1238 | +0.024% | $308K | $203K | 25x | as long as short |
| Variational Omni GLM | +0.0100% | 4h | 0.1238 | −0.001% | $8K | $493 | — | as long as short |
Binance GLMUSDT
Bybit GLMUSDT
Gate GLM_USDT
MEXC GLM_USDT
Bitget GLMUSDT
Variational Omni GLM