GWEI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0410%/8h= −44.9% APRnext payment −$2.05 per $10,000 · paid last 24h −0.076%

Price spread now: Bybit against BloFin−0.165%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$608as in the Funding arb table

Net, price: spread back to 7d avg − costs−$620as in the Price arb table

costs, in and out, $10k−$5985.980% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.165%, 7d avg +0.056%

Together, before fees−0.253%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.220% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.056%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.05 per $10,000. 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	BloFin GWEI-USDT	0.02428	0.0511	pay 0.0255% / 4h	17m 13s	$190K	$37K	50x
Short	Bybit GWEIUSDT	0.02424	0.0101	get 0.0051% / 4h	17m 13s	$407K	$203K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$86.09
Price spread: −0.165% → +0.056%: −$22.03
Slippage, 4 orders: −$574.97
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$706.09
Costs to cover: 5.980%
Break-even: never at this rate

Slippage from BloFin: live order book, 13 min ago; Bybit: live order book, 32 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 BloFin live order book, 13 min ago	6.26 bp	29.3 bp −$29	103.8 bp −$1,038	doesn't fit	doesn't fit
Sell Bybit live order book, 32 min ago	2.11 bp	220.4 bp −$220	doesn't fit	doesn't fit	doesn't fit

GWEI on 11 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
Variational Omni GWEI	+0.0100%	4h	0.02473	+1.855%	$5K	$1K	—	as long as short
Bybit GWEIUSDTshort	+0.0101%	4h	0.02424	−0.165%	$407K	$203K	25x
KuCoin GWEIUSDTM	+0.0284%	4h	0.02426	−0.091%	$476K	$27K	20x	as long as short
Bitget GWEIUSDT	+0.0312%	4h	0.02420	−0.329%	$2.0M	$371K	20x	as long as short
BingX GWEI-USDT	+0.0510%	4h	0.02423	−0.206%	—	$1.6M	—	as long as short
BloFin GWEI-USDTlong	+0.0511%	4h	0.02428	long leg	$190K	$37K	50x
Binance GWEIUSDT	+0.0532%	4h	0.02424	−0.165%	$2.8M	$3.8M	50x	as long as short
MEXC GWEI_USDT	+0.0532%	4h	0.02425	−0.124%	$119K	$88K	20x	as long as short
Extended GWEI-USD	+0.0536%	1h	0.02427	−0.053%	$4K	$130K	5x	as long as short
Gate GWEI_USDT	+0.1398%	4h	0.02419	−0.354%	$409K	$472K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GWEIUSDT	+0.1693%	4h	0.02423	−0.194%	$19K	$26K	10x	as long as short