GWEI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0458%/8h= −50.1% APRnext payment −$2.29 per $10,000 · paid last 24h −0.074%

Price spread now: Bybit against BloFin+0.173%92s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$552as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$5425.420% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 3 days (all we have)−0.249%−$25 · spread now +0.173%, 7d avg +0.044%

Together, before fees−0.349%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.128% dearer against BloFin than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.044%): +$13 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.099% in total) that is about 9.0 days. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.29 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	BloFin GWEI-USDT	0.02316	0.0558	pay 0.0279% / 4h	3h 33m	$174K	$30K	50x
Short	Bybit GWEIUSDT	0.02320	0.0100	get 0.0050% / 4h	3h 33m	$381K	$126K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee BybitbpOrdersPrice spread, now +0.173%Rate

Funding earned: −$96.17
Price spread: +0.173% → +0.044%: $12.84
Slippage, 4 orders: −$518.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$625.32
Costs to cover: 5.420%
Break-even: never at this rate

Slippage from BloFin: live order book, 23 min ago; Bybit: live order book, 31 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 BloFin live order book, 23 min ago	2.15 bp	19.3 bp −$19	114.0 bp −$1,140	doesn't fit	doesn't fit
Sell Bybit live order book, 31 min ago	2.16 bp	192.9 bp −$193	doesn't fit	doesn't fit	doesn't fit

GWEI on 11 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
Bybit GWEIUSDTshort	+0.0100%	4h	0.02320	+0.173%	$381K	$126K	25x
Variational Omni GWEI	+0.0100%	4h	0.02318	+0.092%	$4K	$55	—	as long as short
Gate GWEI_USDT	+0.0110%	4h	0.02314	−0.091%	$388K	$403K	10x	as long as short
KuCoin GWEIUSDTM	+0.0330%	4h	0.02314	−0.104%	$465K	$20K	20x	as long as short
BloFin GWEI-USDTlong	+0.0558%	4h	0.02316	long leg	$174K	$30K	50x
Binance GWEIUSDT	+0.0580%	4h	0.02321	+0.214%	$2.4M	$2.7M	50x	as long as short
MEXC GWEI_USDT	+0.0580%	4h	0.02320	+0.173%	$106K	$86K	20x	as long as short
Extended GWEI-USD	+0.0584%	1h	0.02320	+0.156%	$7K	$145K	5x	as long as short
Bitget GWEIUSDT	+0.0710%	4h	0.02316	0.000%	$1.9M	$219K	20x	as long as short
BingX GWEI-USDT	+0.0724%	4h	0.02319	+0.130%	—	$1.6M	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GWEIUSDT	+0.1558%	4h	0.02318	+0.092%	$18K	$17K	10x	as long as short