Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.013%
Price spread now: BingX against OKX+0.089%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1161.162% of the position
Funding, last 7 days−0.265%−$26 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.089%, 7d avg −0.007%
=The price spread pays, funding is against you. BingX is 0.096% dearer against OKX than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.007%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.265% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX GLM-USDT-SWAP | 0.1232 | 0.0100 | pay 0.0050% / 4h | 20m 17s | $431K | $387K | 20x |
| Short | BingX GLM-USDT | 0.1233 | 0.0070 | get 0.0035% / 4h | 20m 17s | — | $1.3M | — |
OKX GLM-USDT-SWAP
BingX GLM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$6.3
- Price spread: +0.089% → −0.007%
- $9.6
- Slippage, 4 orders
- −$96.24
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$112.94
- Costs to cover
- 1.162%
- Break-even
- never at this rate
Slippage from OKX: live order book, 15 min ago; BingX: live order book, 10 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, 15 min ago | 2.84 bp | 33.6 bp −$34 | 7610.8 bp −$76.1K | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 4.06 bp | 29.6 bp −$30 | 78.1 bp −$781 | 575.7 bp −$57.6K | 869.9 bp −$434.9K |
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 | 0.1233 | +0.089% | — | $1.3M | — | |
| Gate GLM_USDT | +0.0076% | 4h | 0.1234 | +0.195% | $70K | $47K | 50x | as long as short |
| Binance GLMUSDT | +0.0100% | 4h | 0.1232 | +0.073% | $1.5M | $1.5M | 50x | as long as short |
| Bybit GLMUSDT | +0.0100% | 4h | 0.1232 | +0.041% | $607K | $259K | 25x | as long as short |
| OKX GLM-USDT-SWAPlong | +0.0100% | 4h | 0.1232 | long leg | $431K | $387K | 20x | |
| MEXC GLM_USDT | +0.0100% | 4h | 0.1232 | +0.024% | $5.2M | $133K | 50x | as long as short |
| Bitget GLMUSDT | +0.0100% | 4h | 0.1232 | +0.032% | $306K | $165K | 25x | as long as short |
| Variational Omni GLM | +0.0100% | 4h | 0.1232 | +0.035% | $7K | $2K | — | as long as short |
Gate GLM_USDT
Binance GLMUSDT
Bybit GLMUSDT
MEXC GLM_USDT
Bitget GLMUSDT
Variational Omni GLM