Funding you earn now, next payment 08:00 UTC−0.0245%/8h= −26.8% APRnext payment −$2.45 per $10,000 · paid last 24h −0.073%
Price spread now: Bybit against OKX−0.086%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$610.607% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.086%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.035% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.45 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 | OKX GLW-USDT-SWAP | 162.37 | 0.0245 | pay 0.0245% / 8h | 4h 36m | $2.3M | $4.4M | 20x |
| Short | Bybit GLWUSDT | 162.23 | 0 | get 0.0000% / 8h | 4h 36m | $931K | $200K | 25x |
OKX GLW-USDT-SWAP
Bybit GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- −$51.44
- Price spread: −0.086% → −0.051%
- −$3.54
- Slippage, 4 orders
- −$39.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$115.63
- Costs to cover
- 0.607%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 19 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 OKX live order book, 1 min ago | 1.54 bp | 10.4 bp −$10 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 19 min ago | 4.31 bp | 21.8 bp −$22 | 173.6 bp −$1,736 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | −0.0411% | 1h | 162.11 | −0.160% | $322K | $37K | 10x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 162.47 | +0.061% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDTshort | 0.0000% | 8h | 162.23 | −0.086% | $931K | $200K | 25x | |
| Gate GLW_USDT | 0.0000% | 8h | 162.18 | −0.117% | $2.2M | $4.3M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 162.29 | −0.049% | $855 | $1.8M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 162.38 | +0.006% | $17K | $16K | 20x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 162.21 | −0.099% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 162.09 | −0.172% | $303K | $108K | 10x | as long as short |
| QFEX GLW-USD | +0.0078% | 1h | 162.29 | −0.049% | $1.1M | $2.0M | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 162.28 | −0.055% | $326K | $937K | 20x | as long as short |
Paragon para:GLW
Aster GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
QFEX GLW-USD
KuCoin GLWUSDTMShow 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 | 162.31 | −0.037% | $2K | $2K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0139% | 8h | 162.33 | −0.025% | $19 | $180K | 10x | as long as short |
| Bitget GLWUSDT | +0.0212% | 8h | 162.29 | −0.049% | $2.2M | $848K | 20x | as long as short |
| OKX GLW-USDT-SWAPlong | +0.0245% | 8h | 162.37 | long leg | $2.3M | $4.4M | 20x | |
| Binance GLWUSDT | +0.0357% | 8h | 162.33 | −0.027% | $10.7M | $21.9M | 20x | as long as short |
| Extended GLW-USD | +0.0360% | 1h | 162.29 | −0.048% | $2K | $1K | 10x | as long as short |
| BloFin GLW-USDT | +0.0367% | 8h | 162.32 | −0.031% | $155K | $36K | 20x | as long as short |
Orderly PERP_GLW_USDC_mythos
GRVT GLW_USDT_Perp
Bitget GLWUSDT
Binance GLWUSDT
Extended GLW-USD
BloFin GLW-USDT