Funding you earn now, next payment 08:00 UTC+0.0733%/8h= +80.3% APRnext payment +$7.33 per $10,000 · paid last 24h +0.031%
Price spread now: Gate against Bitget−0.076%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$940.944% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now −0.076%, 7d avg −0.040%
=Funding pays, the price is against you. Gate is 0.036% cheaper against Bitget than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.040%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.33 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 | 157.55 | −0.1172 | get 0.1172% / 8h | 1h 01m | $2.1M | $920K | 20x |
| Short | Gate GLW_USDT | 157.43 | −0.0439 | pay 0.0439% / 8h | 1h 01m | $2.2M | $4.4M | 50x |
Bitget GLWUSDT
Gate GLW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $153.93
- Price spread: −0.076% → −0.040%
- −$3.63
- Slippage, 4 orders
- −$67.4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $55.9
- Costs to cover
- 0.944%
- Break-even
- 4.5 days
Slippage from Bitget: live order book, 1 min ago; Gate: 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 Bitget live order book, 1 min ago | 4.12 bp | 27.1 bp −$27 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 7.95 bp | 22.7 bp −$23 | 153.8 bp −$1,538 | 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 | −0.1172% | 8h | 157.55 | long leg | $2.1M | $920K | 20x | |
| Gate GLW_USDTshort | −0.0439% | 8h | 157.43 | −0.076% | $2.2M | $4.4M | 50x | |
| BloFin GLW-USDT | 0.0000% | 8h | 157.52 | −0.019% | $148K | $39K | 20x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 157.60 | +0.031% | $40K | $1K | 20x | as long as short |
| Extended GLW-USD | 0.0000% | 1h | 157.51 | −0.028% | $2K | $1K | 10x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 157.49 | −0.038% | $900K | $234K | 25x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 157.43 | −0.076% | $1K | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 157.57 | +0.013% | $16K | $15K | 20x | as long as short |
| Binance GLWUSDT | +0.0004% | 8h | 157.55 | 0.000% | $10.4M | $24.5M | 20x | as long as short |
| GRVT GLW_USDT_Perp | +0.0032% | 8h | 157.54 | −0.008% | $786 | $214K | 10x | as long as short |
BloFin GLW-USDT
Aster GLWUSDT
Extended GLW-USD
Bybit GLWUSDT
SunX GLW-USDT
HTX GLW-USDT
Binance GLWUSDT
GRVT GLW_USDT_PerpShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest GLW-USD-PERP | +0.0046% | 1h | 157.43 | −0.076% | — | — | 10x | as long as short |
| Paragon para:GLW | +0.0046% | 1h | 157.29 | −0.164% | $306K | $41K | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 157.31 | −0.152% | $279K | $124K | 10x | as long as short |
| QFEX GLW-USD | +0.0060% | 1h | 157.49 | −0.038% | $1.1M | $1.7M | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 157.17 | −0.241% | $315K | $874K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 157.48 | −0.044% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0106% | 8h | 157.57 | +0.013% | $2.2M | $4.7M | 20x | as long as short |
Vest GLW-USD-PERP
Paragon para:GLW
Ondo Perps GLW-USD.P
QFEX GLW-USD
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
OKX GLW-USDT-SWAP