Funding you earn now, next payment 00:00 UTC+0.0424%/8h= +46.4% APRnext payment +$4.24 per $10,000 · paid last 24h +0.086%
Price spread now: Binance against Bybit+0.025%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$730.731% of the position
Funding, last 7 days+0.271%+$27 on $10k
+Price spread, last 2 days (all we have)+0.070%+$7 · spread now +0.025%, 7d avg +0.090%
=Funding pays, the price is against you. Binance is 0.065% cheaper against Bybit than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.090%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.271% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.271% in total (about 14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.24 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 GLWUSDT | 160.70 | 0 | get 0.0000% / 8h | 41m 57s | $916K | $218K | 25x |
| Short | Binance GLWUSDT | 160.74 | 0.0424 | get 0.0424% / 8h | 41m 57s | $10.9M | $20.8M | 20x |
Bybit GLWUSDT
Binance GLWUSDTFunding 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
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
- $88.98
- Price spread: +0.025% → +0.090%
- −$6.5
- Slippage, 4 orders
- −$52.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $9.35
- Costs to cover
- 0.731%
- Break-even
- 6.3 days
Slippage from Bybit: live order book, 33 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, 33 min ago | 3.75 bp | 22.4 bp −$22 | 163.7 bp −$1,637 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.62 bp | 10.0 bp −$10 | 35.7 bp −$357 | 109.9 bp −$11.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | −0.0085% | 1h | 160.61 | −0.057% | $319K | $27K | 10x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 160.70 | −0.002% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDTlong | 0.0000% | 8h | 160.70 | long leg | $916K | $218K | 25x | |
| Gate GLW_USDT | 0.0000% | 8h | 160.61 | −0.056% | $2.2M | $4.2M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 160.73 | +0.019% | $1K | $2.0M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 160.88 | +0.112% | $17K | $16K | 20x | as long as short |
| Bitget GLWUSDT | +0.0010% | 8h | 160.77 | +0.044% | $2.2M | $899K | 20x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 160.70 | 0.000% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 160.42 | −0.174% | $302K | $86K | 10x | as long as short |
| QFEX GLW-USD | +0.0065% | 1h | 160.80 | +0.062% | $1.1M | $2.2M | 10x | as long as short |
Paragon para:GLW
Aster GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
Bitget GLWUSDT
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
QFEX GLW-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GLWUSDTM | +0.0100% | 8h | 160.60 | −0.062% | $323K | $988K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 160.72 | +0.012% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0227% | 8h | 160.82 | +0.075% | $2.3M | $4.5M | 20x | as long as short |
| Binance GLWUSDTshort | +0.0424% | 8h | 160.74 | +0.025% | $10.9M | $20.8M | 20x | |
| Extended GLW-USD | +0.0424% | 1h | 160.71 | +0.007% | $2K | $2K | 10x | as long as short |
| BloFin GLW-USDT | +0.0427% | 8h | 160.62 | −0.050% | $149K | $33K | 20x | as long as short |
| GRVT GLW_USDT_Perp | +0.0494% | 8h | 160.66 | −0.024% | $548 | $175K | 10x | as long as short |
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
OKX GLW-USDT-SWAP
Extended GLW-USD
BloFin GLW-USDT
GRVT GLW_USDT_Perp