Funding you earn now, next payment 08:00 UTC+0.0550%/8h= +60.2% APRnext payment +$5.50 per $10,000 · paid last 24h +0.122%
Price spread now: Binance against Bybit+0.053%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$890.885% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 2 days (all we have)+0.047%+$5 · spread now +0.053%, 7d avg +0.084%
=Funding pays, the price is against you. Binance is 0.031% cheaper against Bybit than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.084%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.327% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.327% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.50 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 | Bybit GLWUSDT | 161.57 | 0 | get 0.0000% / 8h | 7h 24m | $932K | $194K | 25x |
| Short | Binance GLWUSDT | 161.66 | 0.0550 | get 0.0550% / 8h | 7h 24m | $10.9M | $21.5M | 20x |
Bybit GLWUSDT
Binance GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $115.47
- Price spread: +0.053% → +0.084%
- −$3.12
- Slippage, 4 orders
- −$67.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $23.85
- Costs to cover
- 0.885%
- Break-even
- 5.6 days
Slippage from Bybit: live order book, 45 min ago; Binance: live order book, 1 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 Bybit live order book, 45 min ago | 4.96 bp | 35.9 bp −$36 | 180.0 bp −$1,800 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.93 bp | 8.6 bp −$9 | 30.8 bp −$308 | 107.6 bp −$10.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster GLWUSDT | 0.0000% | 8h | 161.91 | +0.212% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDTlong | 0.0000% | 8h | 161.57 | long leg | $932K | $194K | 25x | |
| Gate GLW_USDT | 0.0000% | 8h | 161.65 | +0.050% | $2.2M | $4.3M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 161.85 | +0.173% | $566 | $1.9M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 162.02 | +0.279% | $17K | $16K | 20x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 161.99 | +0.260% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 161.75 | +0.111% | $303K | $109K | 10x | as long as short |
| QFEX GLW-USD | +0.0052% | 1h | 161.89 | +0.198% | $1.1M | $2.3M | 10x | as long as short |
| Paragon para:GLW | +0.0060% | 1h | 161.57 | +0.002% | $331K | $33K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0066% | 8h | 162.04 | +0.289% | $847 | $169K | 10x | as long as short |
Aster GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
QFEX GLW-USD
Paragon para:GLW
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 | +0.074% | $325K | $998K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 161.90 | +0.204% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0246% | 8h | 161.56 | −0.006% | $2.3M | $4.4M | 20x | as long as short |
| Bitget GLWUSDT | +0.0332% | 8h | 161.60 | +0.019% | $2.2M | $804K | 20x | as long as short |
| Binance GLWUSDTshort | +0.0550% | 8h | 161.66 | +0.053% | $10.9M | $21.5M | 20x | |
| BloFin GLW-USDT | +0.0550% | 8h | 161.89 | +0.198% | $151K | $35K | 20x | as long as short |
| Extended GLW-USD | +0.0552% | 1h | 161.74 | +0.104% | $2K | $2K | 10x | as long as short |
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
OKX GLW-USDT-SWAP
Bitget GLWUSDT
BloFin GLW-USDT
Extended GLW-USD