Funding you earn now, next payment 08:00 UTC+0.1053%/8h= +115.3% APRnext payment +$10.53 per $10,000 · paid last 24h +0.054%
Price spread now: OKX against Bitget−0.044%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$660.657% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now −0.044%, 7d avg +0.004%
=Funding pays, the price is against you. OKX is 0.049% cheaper against Bitget than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.004%). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$32 a day). Mind the row above: over the last 7 days funding on this pair cost −0.054%, 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 -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.53 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 | 157.78 | −0.0926 | get 0.0926% / 8h | 1h 53m | $2.2M | $896K | 20x |
| Short | OKX GLW-USDT-SWAP | 157.71 | 0.0127 | get 0.0127% / 8h | 1h 53m | $2.2M | $4.7M | 20x |
Bitget GLWUSDT
OKX GLW-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $221.09
- Price spread: −0.044% → +0.004%
- −$4.88
- Slippage, 4 orders
- −$43.71
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $150.5
- Costs to cover
- 0.657%
- Break-even
- 2.2 days
Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 4.11 bp | 18.0 bp −$18 | 50.5 bp −$505 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.32 bp | 16.3 bp −$16 | 45.8 bp −$458 | 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 | −0.0926% | 8h | 157.78 | long leg | $2.2M | $896K | 20x | |
| Gate GLW_USDT | −0.0254% | 8h | 157.48 | −0.190% | $2.2M | $4.3M | 50x | as long as short |
| Paragon para:GLW | −0.0188% | 1h | 157.46 | −0.203% | $307K | $41K | 10x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 157.84 | +0.039% | $40K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 157.53 | −0.158% | $910K | $225K | 25x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 157.89 | +0.070% | $1K | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 157.62 | −0.101% | $16K | $16K | 20x | as long as short |
| GRVT GLW_USDT_Perp | +0.0042% | 8h | 157.79 | +0.005% | $789 | $209K | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 157.45 | −0.209% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 158.03 | +0.158% | $289K | $119K | 10x | as long as short |
Gate GLW_USDT
Paragon para:GLW
Aster GLWUSDT
Bybit GLWUSDT
SunX GLW-USDT
HTX GLW-USDT
GRVT GLW_USDT_Perp
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX GLW-USD | +0.0060% | 1h | 157.57 | −0.133% | $1.1M | $1.7M | 10x | as long as short |
| Extended GLW-USD | +0.0064% | 1h | 157.62 | −0.101% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | +0.0066% | 8h | 157.70 | −0.049% | $10.6M | $23.8M | 20x | as long as short |
| BloFin GLW-USDT | +0.0087% | 8h | 157.87 | +0.057% | $147K | $38K | 20x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 157.53 | −0.158% | $316K | $891K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 157.57 | −0.133% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAPshort | +0.0127% | 8h | 157.71 | −0.044% | $2.2M | $4.7M | 20x |
QFEX GLW-USD
Extended GLW-USD
Binance GLWUSDT
BloFin GLW-USDT
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos