Funding you earn now, next payment 06:00 UTC−0.0379%/8h= −41.5% APRpaid last 24h −0.001%
Price spread now: Bitget against QFEX−0.013%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$560.559% of the position
Funding, last 4 days (all we have)+0.008%+$1 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now −0.013%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.039% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.008% in total (about 0.8% a year). A funding rate is set anew for every payment. 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 | QFEX GLW-USD | 159.03 | 0.0032 | pay 0.0004% / 1h | 48m 17s | $1.1M | $1.8M | 10x |
| Short | Bitget GLWUSDT | 159.01 | −0.0347 | pay 0.0347% / 8h | 2h 48m | $2.1M | $829K | 20x |
QFEX GLW-USD
Bitget GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against QFEX. 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
- −$79.66
- Price spread: −0.013% → +0.027%
- −$3.93
- Slippage, 4 orders
- −$33.86
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$139.45
- Costs to cover
- 0.559%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; Bitget: live order book, 4 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 QFEX live order book, 4 min ago | 2.19 bp | 10.3 bp −$10 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.70 bp | 19.2 bp −$19 | 47.4 bp −$474 | 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 GLWUSDTshort | −0.0347% | 8h | 159.01 | −0.013% | $2.1M | $829K | 20x | |
| Aster GLWUSDT | 0.0000% | 8h | 159.19 | +0.099% | $40K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 158.95 | −0.050% | $912K | $214K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 158.91 | −0.075% | $2.2M | $4.3M | 50x | as long as short |
| GRVT GLW_USDT_Perp | 0.0000% | 8h | 159.45 | +0.264% | $142 | $201K | 10x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 159.03 | 0.000% | $1K | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 159.00 | −0.019% | $16K | $16K | 20x | as long as short |
| QFEX GLW-USDlong | +0.0032% | 1h | 159.03 | long leg | $1.1M | $1.8M | 10x | |
| Vest GLW-USD-PERP | +0.0046% | 1h | 159.09 | +0.038% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 159.09 | +0.038% | $290K | $118K | 10x | as long as short |
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
GRVT GLW_USDT_Perp
SunX GLW-USDT
HTX GLW-USDT
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 | 158.93 | −0.066% | $310K | $41K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0086% | 8h | 158.98 | −0.031% | $2.2M | $4.5M | 20x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 159.03 | 0.000% | $320K | $914K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 158.94 | −0.057% | $2K | $2K | 10x | as long as short |
| BloFin GLW-USDT | +0.0104% | 8h | 159.08 | +0.031% | $148K | $37K | 20x | as long as short |
| Extended GLW-USD | +0.0112% | 1h | 158.95 | −0.052% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | +0.0115% | 8h | 158.99 | −0.028% | $10.3M | $22.6M | 20x | as long as short |
Paragon para:GLW
OKX GLW-USDT-SWAP
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
BloFin GLW-USDT
Extended GLW-USD
Binance GLWUSDT