Funding you earn now, next payment 08:00 UTC−0.0316%/8h= −34.6% APRnext payment −$3.16 per $10,000 · paid last 24h −0.049%
Price spread now: OKX against Binance+0.012%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 2 days (all we have)0.000%$0 · spread now +0.012%, 7d avg −0.009%
=The price spread pays, funding is against you. OKX is 0.021% dearer against Binance than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.009%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.175% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.16 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 | Binance GLWUSDT | 161.92 | 0.0573 | pay 0.0573% / 8h | 7h 48m | $11.0M | $21.1M | 20x |
| Short | OKX GLW-USDT-SWAP | 161.94 | 0.0257 | get 0.0257% / 8h | 7h 48m | $2.3M | $4.4M | 20x |
Binance GLWUSDT
OKX GLW-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$66.43
- Price spread: +0.012% → −0.009%
- $2.1
- Slippage, 4 orders
- −$28.83
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$113.15
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; OKX: 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 Binance live order book, 8 min ago | 1.24 bp | 14.6 bp −$15 | 39.5 bp −$395 | 151.3 bp −$15.1K | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.54 bp | 12.2 bp −$12 | 82.4 bp −$824 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster GLWUSDT | 0.0000% | 8h | 161.97 | +0.032% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 161.88 | −0.025% | $937K | $192K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 161.79 | −0.080% | $2.2M | $4.2M | 50x | as long as short |
| GRVT GLW_USDT_Perp | 0.0000% | 8h | 161.74 | −0.110% | $713 | $172K | 10x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 161.88 | −0.025% | $1K | $1.9M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 161.91 | −0.006% | $17K | $16K | 20x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 161.88 | −0.025% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 161.90 | −0.012% | $302K | $110K | 10x | as long as short |
| QFEX GLW-USD | +0.0052% | 1h | 161.93 | +0.006% | $1.1M | $2.3M | 10x | as long as short |
| Paragon para:GLW | +0.0060% | 1h | 161.82 | −0.059% | $322K | $30K | 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.P
QFEX GLW-USD
Paragon para:GLWShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GLWUSDTM | +0.0100% | 8h | 161.81 | −0.068% | $326K | $1.0M | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 161.93 | +0.006% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAPshort | +0.0257% | 8h | 161.94 | +0.012% | $2.3M | $4.4M | 20x | |
| Bitget GLWUSDT | +0.0274% | 8h | 161.90 | −0.012% | $2.2M | $793K | 20x | as long as short |
| Binance GLWUSDTlong | +0.0573% | 8h | 161.92 | long leg | $11.0M | $21.1M | 20x | |
| Extended GLW-USD | +0.0576% | 1h | 161.91 | −0.008% | $2K | $2K | 10x | as long as short |
| BloFin GLW-USDT | +0.0593% | 8h | 161.80 | −0.074% | $150K | $36K | 20x | as long as short |
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
Bitget GLWUSDT
Extended GLW-USD
BloFin GLW-USDT