Funding you earn now, next payment 08:00 UTC+0.0752%/8h= +82.3% APRnext payment +$7.52 per $10,000 · paid last 24h −0.019%
Price spread now: Bybit against Bitget−0.095%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1341.338% of the position
Funding, last 7 days−0.206%−$21 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.095%, 7d avg −0.044%
=Funding pays, the price is against you. Bybit is 0.051% cheaper against Bitget than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.044%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 7 days funding on this pair cost −0.206%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.206% in total (about -10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.52 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 | Bitget GLWUSDT | 157.49 | −0.0752 | get 0.0752% / 8h | 2h 29m | $2.1M | $860K | 20x |
| Short | Bybit GLWUSDT | 157.34 | 0 | get 0.0000% / 8h | 2h 29m | $904K | $218K | 25x |
Bitget GLWUSDT
Bybit GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $157.92
- Price spread: −0.095% → −0.044%
- −$5.11
- Slippage, 4 orders
- −$110.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $18.99
- Costs to cover
- 1.338%
- Break-even
- 6.2 days
Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 15 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 Bitget live order book, 2 min ago | 1.59 bp | 23.5 bp −$24 | 66.7 bp −$667 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 15 min ago | 3.79 bp | 33.6 bp −$34 | 187.7 bp −$1,877 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget GLWUSDTlong | −0.0752% | 8h | 157.49 | long leg | $2.1M | $860K | 20x | |
| Gate GLW_USDT | −0.0082% | 8h | 157.39 | −0.063% | $2.2M | $4.3M | 50x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 157.53 | +0.025% | $40K | $1K | 20x | as long as short |
| Bybit GLWUSDTshort | 0.0000% | 8h | 157.34 | −0.095% | $904K | $218K | 25x | |
| GRVT GLW_USDT_Perp | 0.0000% | 8h | 157.43 | −0.038% | $545 | $204K | 10x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 157.44 | −0.032% | $979 | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 157.60 | +0.070% | $16K | $16K | 20x | as long as short |
| QFEX GLW-USD | +0.0032% | 1h | 157.47 | −0.013% | $1.1M | $1.8M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 157.38 | −0.070% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 157.51 | +0.013% | $286K | $117K | 10x | as long as short |
Gate GLW_USDT
Aster GLWUSDT
GRVT GLW_USDT_Perp
SunX GLW-USDT
HTX GLW-USDT
QFEX GLW-USD
Vest GLW-USD-PERP
Ondo Perps GLW-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | +0.0060% | 1h | 157.29 | −0.129% | $306K | $41K | 10x | as long as short |
| Binance GLWUSDT | +0.0077% | 8h | 157.41 | −0.051% | $10.2M | $22.9M | 20x | as long as short |
| Extended GLW-USD | +0.0080% | 1h | 157.34 | −0.097% | $2K | $1K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0080% | 8h | 157.41 | −0.051% | $2.2M | $4.6M | 20x | as long as short |
| BloFin GLW-USDT | +0.0098% | 8h | 157.51 | +0.013% | $147K | $37K | 20x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 157.50 | +0.006% | $317K | $907K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 157.36 | −0.083% | $2K | $2K | 10x | as long as short |
Paragon para:GLW
Binance GLWUSDT
Extended GLW-USD
OKX GLW-USDT-SWAP
BloFin GLW-USDT
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos