Funding you earn now, next payment 08:00 UTC−0.0310%/8h= −33.9% APRnext payment −$3.10 per $10,000 · paid last 24h −0.049%
Price spread now: OKX against Binance+0.025%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 2 days (all we have)−0.018%−$2 · spread now +0.025%, 7d avg −0.009%
=The price spread pays, funding is against you. OKX is 0.034% dearer against Binance than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.175% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.10 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 | Binance GLWUSDT | 161.82 | 0.0495 | pay 0.0495% / 8h | 6h 35m | $10.7M | $21.7M | 20x |
| Short | OKX GLW-USDT-SWAP | 161.86 | 0.0186 | get 0.0186% / 8h | 6h 35m | $2.3M | $4.4M | 20x |
Binance GLWUSDT
OKX GLW-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$65.01
- Price spread: +0.025% → −0.009%
- $3.37
- Slippage, 4 orders
- −$25.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$107.09
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; OKX: live order book, 2 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 Binance live order book, 6 min ago | 1.54 bp | 12.0 bp −$12 | 31.7 bp −$317 | 112.5 bp −$11.3K | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.86 bp | 11.2 bp −$11 | 36.3 bp −$363 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | −0.0190% | 1h | 161.63 | −0.120% | $321K | $38K | 10x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 161.92 | +0.059% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 161.64 | −0.111% | $928K | $197K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 161.68 | −0.087% | $2.2M | $4.3M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 161.70 | −0.074% | $868 | $1.9M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 161.83 | +0.006% | $17K | $16K | 20x | as long as short |
| QFEX GLW-USD | +0.0034% | 1h | 161.80 | −0.012% | $1.1M | $2.2M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 161.79 | −0.019% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 161.64 | −0.111% | $301K | $105K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0087% | 8h | 161.73 | −0.054% | $789 | $168K | 10x | as long as short |
Paragon para:GLW
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
QFEX GLW-USD
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
GRVT GLW_USDT_PerpShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GLWUSDTM | +0.0100% | 8h | 161.69 | −0.080% | $325K | $973K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 161.76 | −0.037% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAPshort | +0.0186% | 8h | 161.86 | +0.025% | $2.3M | $4.4M | 20x | |
| Bitget GLWUSDT | +0.0339% | 8h | 161.73 | −0.056% | $2.2M | $808K | 20x | as long as short |
| Binance GLWUSDTlong | +0.0495% | 8h | 161.82 | long leg | $10.7M | $21.7M | 20x | |
| Extended GLW-USD | +0.0496% | 1h | 161.78 | −0.026% | $2K | $1K | 10x | as long as short |
| BloFin GLW-USDT | +0.0561% | 8h | 161.82 | 0.000% | $152K | $36K | 20x | as long as short |
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
Bitget GLWUSDT
Extended GLW-USD
BloFin GLW-USDT