Funding you earn now, next payment 08:00 UTC+0.0998%/8h= +109.3% APRnext payment +$9.98 per $10,000 · paid last 24h +0.103%
Price spread now: Binance against Bitget+0.006%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$510.513% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now +0.006%, 7d avg +0.027%
=Funding pays, the price is against you. Binance is 0.021% cheaper against Bitget than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.027%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.121% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.98 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 | Bitget GLWUSDT | 158.30 | −0.0926 | get 0.0926% / 8h | 2h 02m | $2.2M | $894K | 20x |
| Short | Binance GLWUSDT | 158.31 | 0.0072 | get 0.0072% / 8h | 2h 02m | $10.3M | $23.7M | 20x |
Bitget GLWUSDT
Binance GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $209.54
- Price spread: +0.006% → +0.027%
- −$2.06
- Slippage, 4 orders
- −$29.31
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $156.17
- Costs to cover
- 0.513%
- Break-even
- 1.8 days
Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 9 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 Bitget live order book, 5 min ago | 4.10 bp | 13.8 bp −$14 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.58 bp | 6.6 bp −$7 | 8.4 bp −$84 | 119.3 bp −$11.9K | 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 GLWUSDTlong | −0.0926% | 8h | 158.30 | long leg | $2.2M | $894K | 20x | |
| Gate GLW_USDT | −0.0214% | 8h | 158.23 | −0.044% | $2.2M | $4.4M | 50x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 158.41 | +0.071% | $40K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 158.17 | −0.082% | $914K | $225K | 25x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 158.26 | −0.025% | $908 | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 158.25 | −0.032% | $16K | $16K | 20x | as long as short |
| GRVT GLW_USDT_Perp | +0.0027% | 8h | 158.55 | +0.158% | $680 | $207K | 10x | as long as short |
| QFEX GLW-USD | +0.0032% | 1h | 158.32 | +0.013% | $1.1M | $1.8M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 158.16 | −0.088% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 158.20 | −0.063% | $289K | $118K | 10x | as long as short |
Gate GLW_USDT
Aster GLWUSDT
Bybit GLWUSDT
SunX GLW-USDT
HTX GLW-USDT
GRVT GLW_USDT_Perp
QFEX GLW-USD
Vest GLW-USD-PERP
Ondo Perps GLW-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | +0.0060% | 1h | 158.12 | −0.113% | $308K | $41K | 10x | as long as short |
| BloFin GLW-USDT | +0.0070% | 8h | 158.45 | +0.095% | $146K | $38K | 20x | as long as short |
| Binance GLWUSDTshort | +0.0072% | 8h | 158.31 | +0.006% | $10.3M | $23.7M | 20x | |
| Extended GLW-USD | +0.0072% | 1h | 158.18 | −0.074% | $2K | $1K | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 158.11 | −0.120% | $319K | $895K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 158.21 | −0.057% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0121% | 8h | 158.29 | −0.006% | $2.2M | $4.7M | 20x | as long as short |
Paragon para:GLW
BloFin GLW-USDT
Extended GLW-USD
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
OKX GLW-USDT-SWAP