Funding you earn now, next payment 16:00 UTC+0.0281%/8h= +30.8% APRnext payment +$2.81 per $10,000 · paid last 24h +0.005%
Price spread now: Gate against Bitget−0.141%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$840.838% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 7 days+0.065%+$7 · spread now −0.141%, 7d avg −0.040%
=Funding pays, the price is against you. Gate is 0.101% cheaper against Bitget than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of −0.040%). If the spread goes back, that is −$10 on $10k: about 29 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.051%, 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 -0.051% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.81 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 | 155.85 | −0.0842 | get 0.0842% / 8h | 7h 27m | $2.1M | $1.1M | 20x |
| Short | Gate GLW_USDT | 155.63 | −0.0561 | pay 0.0561% / 8h | 7h 27m | $2.2M | $4.5M | 50x |
Bitget GLWUSDT
Gate GLW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $59.01
- Price spread: −0.141% → −0.040%
- −$10.09
- Slippage, 4 orders
- −$56.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$34.86
- Costs to cover
- 0.838%
- Break-even
- 11.1 days
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 1 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, 5 min ago | 4.51 bp | 29.3 bp −$29 | 75.6 bp −$756 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 6.43 bp | 15.9 bp −$16 | 136.0 bp −$1,360 | 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 | −0.0842% | 8h | 155.85 | long leg | $2.1M | $1.1M | 20x | |
| Gate GLW_USDTshort | −0.0561% | 8h | 155.63 | −0.141% | $2.2M | $4.5M | 50x | |
| GRVT GLW_USDT_Perp | −0.0427% | 8h | 155.53 | −0.207% | $505 | $217K | 10x | as long as short |
| BloFin GLW-USDT | −0.0007% | 8h | 155.81 | −0.026% | $148K | $40K | 20x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 155.87 | +0.014% | $64K | $53K | 20x | as long as short |
| Extended GLW-USD | 0.0000% | 1h | 155.88 | +0.016% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | 0.0000% | 8h | 155.90 | +0.034% | $10.2M | $26.1M | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 155.81 | −0.026% | $888K | $247K | 25x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 155.70 | −0.096% | $1K | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 155.67 | −0.115% | $16K | $22K | 20x | as long as short |
GRVT GLW_USDT_Perp
BloFin GLW-USDT
Aster GLWUSDT
Extended GLW-USD
Binance GLWUSDT
Bybit GLWUSDT
SunX GLW-USDT
HTX GLW-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX GLW-USDT-SWAP | +0.0029% | 8h | 155.91 | +0.038% | $2.1M | $4.9M | 20x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 155.58 | −0.173% | — | — | 10x | as long as short |
| QFEX GLW-USD | +0.0047% | 1h | 155.68 | −0.109% | $1.1M | $1.7M | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 155.49 | −0.231% | $274K | $113K | 10x | as long as short |
| Paragon para:GLW | +0.0060% | 1h | 155.63 | −0.138% | $303K | $41K | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 155.64 | −0.135% | $315K | $846K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 155.90 | +0.032% | $2K | $3K | 10x | as long as short |
OKX GLW-USDT-SWAP
Vest GLW-USD-PERP
QFEX GLW-USD
Ondo Perps GLW-USD.P
Paragon para:GLW
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos