GLM

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%

Price spread now: BingX against MEXC+0.211%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$760.757% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.231%−$23 on $10k

Price spread, last 7 days−0.148%−$15 · spread now +0.211%, 7d avg +0.052%

Together, before fees−0.379%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.160% dearer against MEXC than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of +0.052%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.231% in total) that is about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GLM_USDT	0.1230	0.0100	pay 0.0050% / 4h	3h 32m	$5.2M	$130K	50x
Short	BingX GLM-USDT	0.1232	0.0070	get 0.0035% / 4h	3h 32m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BingXbpOrdersPrice spread, now +0.211%Rate

Funding earned: −$6.3
Price spread: +0.211% → +0.052%: $15.95
Slippage, 4 orders: −$57.68
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.02
Costs to cover: 0.757%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 13 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 MEXC live order book, 5 min ago	1.62 bp	11.7 bp −$12	49.9 bp −$499	101.9 bp −$10.2K	doesn't fit
Sell BingX live order book, 13 min ago	3.64 bp	24.6 bp −$25	72.9 bp −$729	620.4 bp −$62.0K	969.9 bp −$485.0K

GLM on 8 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
BingX GLM-USDTshort	+0.0070%	4h	0.1232	+0.211%	—	$1.3M	—
Binance GLMUSDT	+0.0100%	4h	0.1230	0.000%	$1.5M	$1.5M	50x	as long as short
Bybit GLMUSDT	+0.0100%	4h	0.1232	+0.146%	$607K	$255K	25x	as long as short
OKX GLM-USDT-SWAP	+0.0100%	4h	0.1231	+0.057%	$429K	$377K	20x	as long as short
Gate GLM_USDT	+0.0100%	4h	0.1235	+0.415%	$70K	$44K	50x	as long as short
MEXC GLM_USDTlong	+0.0100%	4h	0.1230	long leg	$5.2M	$130K	50x
Bitget GLMUSDT	+0.0100%	4h	0.1230	+0.008%	$303K	$142K	25x	as long as short
Variational Omni GLM	+0.0100%	4h	0.1235	+0.382%	$8K	$2K	—	as long as short