Funding you earn now, next payment 08:00 UTC−0.0201%/8h= −22.1% APRnext payment −$2.01 per $10,000 · paid last 24h −0.023%
Price spread now: Gate against OKX−0.134%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now −0.134%, 7d avg −0.044%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.089% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.044%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.01 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 | 157.23 | 0.0082 | pay 0.0082% / 8h | 2h 24m | $2.2M | $4.6M | 20x |
| Short | Gate GLW_USDT | 157.02 | −0.0119 | pay 0.0119% / 8h | 2h 24m | $2.2M | $4.3M | 50x |
OKX GLW-USDT-SWAP
Gate GLW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$42.29
- Price spread: −0.134% → −0.044%
- −$8.91
- Slippage, 4 orders
- −$46.22
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$122.42
- Costs to cover
- 0.712%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Gate: 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 OKX live order book, 3 min ago | 1.27 bp | 14.1 bp −$14 | 42.9 bp −$429 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 10.53 bp | 20.1 bp −$20 | 236.1 bp −$2,361 | 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 GLWUSDT | −0.0906% | 8h | 157.20 | −0.019% | $2.1M | $869K | 20x | as long as short |
| Gate GLW_USDTshort | −0.0119% | 8h | 157.02 | −0.134% | $2.2M | $4.3M | 50x | |
| Aster GLWUSDT | 0.0000% | 8h | 157.23 | −0.001% | $40K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 157.04 | −0.121% | $904K | $220K | 25x | as long as short |
| GRVT GLW_USDT_Perp | 0.0000% | 8h | 157.39 | +0.102% | $545 | $204K | 10x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 157.12 | −0.070% | $1K | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 157.13 | −0.064% | $16K | $16K | 20x | as long as short |
| QFEX GLW-USD | +0.0032% | 1h | 157.13 | −0.064% | $1.1M | $1.8M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 157.01 | −0.140% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 157.46 | +0.146% | $285K | $116K | 10x | as long as short |
Bitget GLWUSDT
Aster GLWUSDT
Bybit GLWUSDT
GRVT GLW_USDT_Perp
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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | +0.0060% | 1h | 156.85 | −0.239% | $306K | $41K | 10x | as long as short |
| Binance GLWUSDT | +0.0068% | 8h | 157.05 | −0.114% | $10.2M | $23.0M | 20x | as long as short |
| Extended GLW-USD | +0.0072% | 1h | 157.10 | −0.085% | $2K | $1K | 10x | as long as short |
| BloFin GLW-USDT | +0.0079% | 8h | 156.96 | −0.172% | $147K | $37K | 20x | as long as short |
| OKX GLW-USDT-SWAPlong | +0.0082% | 8h | 157.23 | long leg | $2.2M | $4.6M | 20x | |
| KuCoin GLWUSDTM | +0.0100% | 8h | 157.06 | −0.108% | $317K | $906K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 157.00 | −0.146% | $2K | $2K | 10x | as long as short |
Paragon para:GLW
Binance GLWUSDT
Extended GLW-USD
BloFin GLW-USDT
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos