Funding you earn now, next payment 16:00 UTC+0.0781%/8h= +85.5% APRnext payment +$7.81 per $10,000 · paid last 24h +0.143%
Price spread now: BloFin against Bitget−0.102%105s7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.706% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.102%, 7d avg +0.013%
=Funding pays, the price is against you. BloFin is 0.115% cheaper against Bitget than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of +0.013%). If the spread goes back, that is −$11 on $10k: about 12 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.202% in total) that is about 4.0 days. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.81 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 | 156.89 | −0.0784 | get 0.0784% / 8h | 7h 17m | $2.1M | $1.1M | 20x |
| Short | BloFin GLW-USDT | 156.73 | −0.0003 | pay 0.0003% / 8h | 7h 17m | $149K | $40K | 20x |
Bitget GLWUSDT
BloFin GLW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $163.98
- Price spread: −0.102% → +0.013%
- −$11.5
- Slippage, 4 orders
- −$46.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $81.86
- Costs to cover
- 0.706%
- Break-even
- 3.5 days
Slippage from Bitget: live order book, 10 min ago; BloFin: live order book, 47 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, 10 min ago | 6.10 bp | 24.0 bp −$24 | 55.5 bp −$555 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 47 min ago | 0.32 bp | 14.5 bp −$14 | 27.7 bp −$277 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget GLWUSDTlong | −0.0784% | 8h | 156.89 | long leg | $2.1M | $1.1M | 20x | |
| Gate GLW_USDT | −0.0375% | 8h | 156.72 | −0.108% | $2.2M | $4.5M | 50x | as long as short |
| GRVT GLW_USDT_Perp | −0.0309% | 8h | 156.74 | −0.094% | $224 | $219K | 10x | as long as short |
| BloFin GLW-USDTshort | −0.0003% | 8h | 156.73 | −0.102% | $149K | $40K | 20x | |
| Aster GLWUSDT | 0.0000% | 8h | 156.68 | −0.137% | $64K | $53K | 20x | as long as short |
| Extended GLW-USD | 0.0000% | 1h | 156.74 | −0.094% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | 0.0000% | 8h | 156.81 | −0.051% | $10.3M | $26.3M | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 156.71 | −0.115% | $891K | $245K | 25x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 156.51 | −0.242% | $848 | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 156.79 | −0.064% | $16K | $22K | 20x | as long as short |
Gate GLW_USDT
GRVT GLW_USDT_Perp
Aster GLWUSDT
Extended GLW-USD
Binance GLWUSDT
Bybit GLWUSDT
SunX GLW-USDT
HTX GLW-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX GLW-USDT-SWAP | +0.0008% | 8h | 156.99 | +0.064% | $2.1M | $4.9M | 20x | as long as short |
| Vest GLW-USD-PERP | +0.0043% | 1h | 156.63 | −0.166% | — | — | 10x | as long as short |
| QFEX GLW-USD | +0.0047% | 1h | 156.90 | +0.006% | $1.1M | $1.7M | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 156.68 | −0.134% | $276K | $105K | 10x | as long as short |
| Paragon para:GLW | +0.0060% | 1h | 156.70 | −0.119% | $305K | $41K | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 156.55 | −0.217% | $316K | $846K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 156.57 | −0.204% | $2K | $3K | 10x | as long as short |
OKX GLW-USDT-SWAP
Vest GLW-USD-PERP
QFEX GLW-USD
Ondo Perps GLW-USD.P
Paragon para:GLW
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos