GWEI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0384%/8h= +42.1% APRnext payment +$1.92 per $10,000 · paid last 24h +0.076%

Price spread now: Binance against Bybit−0.121%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$595as in the Funding arb table

Net, price: spread back to 7d avg − costs−$612as in the Price arb table

costs, in and out, $10k−$6066.063% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.121%, 7d avg −0.063%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.058% cheaper against Bybit than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.063%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.116% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.92 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	Bybit GWEIUSDT	0.02485	0.0101	pay 0.0051% / 4h	22m 14s	$418K	$200K	25x
Short	Binance GWEIUSDT	0.02482	0.0485	get 0.0243% / 4h	22m 14s	$2.9M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.121%Rate

Funding earned: $80.67
Price spread: −0.121% → −0.063%: −$5.82
Slippage, 4 orders: −$585.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$531.5
Costs to cover: 6.063%
Break-even: 53.1 days

Slippage from Bybit: live order book, 27 min ago; Binance: live order book, 14 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 Bybit live order book, 27 min ago	2.11 bp	318.9 bp −$319	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.10 bp	33.4 bp −$33	150.9 bp −$1,509	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
Variational Omni GWEI	+0.0100%	4h	0.02447	−1.547%	$5K	$1K	—	as long as short
Bybit GWEIUSDTlong	+0.0101%	4h	0.02485	long leg	$418K	$200K	25x
KuCoin GWEIUSDTM	+0.0282%	4h	0.02478	−0.286%	$488K	$27K	20x	as long as short
Bitget GWEIUSDT	+0.0330%	4h	0.02481	−0.161%	$2.0M	$363K	20x	as long as short
BingX GWEI-USDT	+0.0416%	4h	0.02482	−0.121%	—	$1.6M	—	as long as short
MEXC GWEI_USDT	+0.0484%	4h	0.02484	−0.040%	$122K	$87K	20x	as long as short
Binance GWEIUSDTshort	+0.0485%	4h	0.02482	−0.121%	$2.9M	$3.7M	50x
Extended GWEI-USD	+0.0488%	1h	0.02484	−0.028%	$4K	$130K	5x	as long as short
BloFin GWEI-USDT	+0.0511%	4h	0.02489	+0.161%	$187K	$37K	50x	as long as short
Gate GWEI_USDT	+0.1482%	4h	0.02485	−0.012%	$419K	$465K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GWEIUSDT	+0.1701%	4h	0.02482	−0.121%	$19K	$26K	10x	as long as short