Funding you earn now, next payment 08:00 UTC+0.0400%/8h= +43.8% APRnext payment +$4.00 per $10,000 · paid last 24h +0.092%
Price spread now: Binance against KuCoin+0.043%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$899as in the Funding arb table
Net, price: spread back to 7d avg − costs−$908as in the Price arb table
costs, in and out, $10k−$9039.031% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 2 days (all we have)+0.108%+$11 · spread now +0.043%, 7d avg +0.097%
=Funding pays, the price is against you. Binance is 0.053% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.097%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.040% in total) that is about 9.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.00 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 | KuCoin GLWUSDTM | 161.77 | 0.0100 | pay 0.0100% / 8h | 6h 37m | $326K | $974K | 20x |
| Short | Binance GLWUSDT | 161.84 | 0.0500 | get 0.0500% / 8h | 6h 37m | $10.7M | $21.7M | 20x |
KuCoin GLWUSDTM
Binance GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $83.96
- Price spread: +0.043% → +0.097%
- −$5.32
- Slippage, 4 orders
- −$881.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$824.43
- Costs to cover
- 9.031%
- Break-even
- 75.7 days
Slippage from KuCoin: live order book, 22 min ago; Binance: live order book, 3 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 KuCoin live order book, 22 min ago | 2.16 bp | 442.6 bp −$443 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.54 bp | 10.3 bp −$10 | 36.2 bp −$362 | 79.4 bp −$7,937 | 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 | −0.0169% | 1h | 161.74 | −0.016% | $321K | $38K | 10x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 161.98 | +0.129% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 161.76 | −0.006% | $929K | $197K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 161.64 | −0.080% | $2.2M | $4.3M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 161.68 | −0.056% | $868 | $1.9M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 161.82 | +0.031% | $17K | $16K | 20x | as long as short |
| QFEX GLW-USD | +0.0034% | 1h | 161.74 | −0.019% | $1.1M | $2.2M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 161.75 | −0.012% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 161.70 | −0.043% | $301K | $105K | 10x | as long as short |
| KuCoin GLWUSDTMlong | +0.0100% | 8h | 161.77 | long leg | $326K | $974K | 20x |
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.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 161.76 | −0.006% | $2K | $2K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0107% | 8h | 161.96 | +0.117% | $81 | $167K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0187% | 8h | 161.89 | +0.074% | $2.3M | $4.4M | 20x | as long as short |
| Bitget GLWUSDT | +0.0347% | 8h | 161.75 | −0.012% | $2.2M | $808K | 20x | as long as short |
| Binance GLWUSDTshort | +0.0500% | 8h | 161.84 | +0.043% | $10.7M | $21.7M | 20x | |
| Extended GLW-USD | +0.0504% | 1h | 161.80 | +0.017% | $2K | $1K | 10x | as long as short |
| BloFin GLW-USDT | +0.0561% | 8h | 161.82 | +0.031% | $152K | $36K | 20x | as long as short |
Orderly PERP_GLW_USDC_mythos
GRVT GLW_USDT_Perp
OKX GLW-USDT-SWAP
Bitget GLWUSDT
Extended GLW-USD
BloFin GLW-USDT