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: BingX against OKX+0.056%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1121.120% of the position
Funding, last 7 days−0.258%−$26 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.056%, 7d avg −0.006%
=The price spread pays, funding is against you. BingX is 0.062% dearer against OKX than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.006%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 7 days (−0.258% in total) that is about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GLM-USDT-SWAP | 0.1247 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $436K | $407K | 20x |
| Short | BingX GLM-USDT | 0.1248 | 0.0070 | get 0.0035% / 4h | 1h 08m | — | $1.3M | — |
OKX GLM-USDT-SWAP
BingX GLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$6.3
- Price spread: +0.056% → −0.006%
- $6.25
- Slippage, 4 orders
- −$92.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$112.08
- Costs to cover
- 1.120%
- Break-even
- never at this rate
Slippage from OKX: live order book, 52 min ago; BingX: 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 OKX live order book, 52 min ago | 3.24 bp | 36.1 bp −$36 | 6749.3 bp −$67.5K | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 4.39 bp | 25.5 bp −$25 | 85.6 bp −$856 | 591.6 bp −$59.2K | 959.2 bp −$479.6K |
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-USDTshort | +0.0070% | 4h | 0.1248 | +0.056% | — | $1.3M | — | |
| Binance GLMUSDT | +0.0100% | 4h | 0.1247 | −0.012% | $1.6M | $1.5M | 50x | as long as short |
| Bybit GLMUSDT | +0.0100% | 4h | 0.1248 | +0.040% | $621K | $273K | 25x | as long as short |
| OKX GLM-USDT-SWAPlong | +0.0100% | 4h | 0.1247 | long leg | $436K | $407K | 20x | |
| Gate GLM_USDT | +0.0100% | 4h | 0.1247 | −0.024% | $70K | $51K | 50x | as long as short |
| MEXC GLM_USDT | +0.0100% | 4h | 0.1247 | 0.000% | $5.4M | $128K | 50x | as long as short |
| Bitget GLMUSDT | +0.0100% | 4h | 0.1247 | −0.024% | $313K | $205K | 25x | as long as short |
| Variational Omni GLM | +0.0100% | 4h | 0.1250 | +0.233% | $8K | $493 | — | as long as short |
Binance GLMUSDT
Bybit GLMUSDT
Gate GLM_USDT
MEXC GLM_USDT
Bitget GLMUSDT
Variational Omni GLM