Funding you earn now, next payment 16:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.56 per $10,000 · paid last 24h +0.048%
Price spread now: OKX against Bybit+0.126%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1011.010% of the position
Funding, last 7 days+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.126%, 7d avg +0.053%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.073% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GLWUSDT | 158.31 | 0 | get 0.0000% / 8h | 6h 56m | $901K | $244K | 25x |
| Short | OKX GLW-USDT-SWAP | 158.51 | 0.0056 | get 0.0056% / 8h | 6h 56m | $2.2M | $5.0M | 20x |
Bybit GLWUSDT
OKX GLW-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $11.74
- Price spread: +0.126% → +0.053%
- $7.3
- Slippage, 4 orders
- −$80.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$81.99
- Costs to cover
- 1.010%
- Break-even
- 55.9 days
Slippage from Bybit: live order book, 33 min ago; OKX: 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 Bybit live order book, 33 min ago | 6.42 bp | 40.9 bp −$41 | 190.1 bp −$1,901 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.63 bp | 12.1 bp −$12 | 33.7 bp −$337 | 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 GLWUSDT | −0.0611% | 8h | 158.33 | +0.013% | $2.1M | $1.1M | 20x | as long as short |
| BloFin GLW-USDT | −0.0020% | 8h | 158.00 | −0.196% | $147K | $42K | 20x | as long as short |
| Paragon para:GLW | −0.0018% | 1h | 158.07 | −0.149% | $308K | $41K | 10x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 158.42 | +0.070% | $64K | $53K | 20x | as long as short |
| Extended GLW-USD | 0.0000% | 1h | 158.33 | +0.011% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | 0.0000% | 8h | 158.31 | +0.002% | $10.4M | $26.6M | 20x | as long as short |
| Bybit GLWUSDTlong | 0.0000% | 8h | 158.31 | long leg | $901K | $244K | 25x | |
| Gate GLW_USDT | 0.0000% | 8h | 158.26 | −0.032% | $2.2M | $4.4M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 158.15 | −0.101% | $819 | $1.6M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 157.92 | −0.246% | $17K | $22K | 20x | as long as short |
Bitget GLWUSDT
BloFin GLW-USDT
Paragon para:GLW
Aster GLWUSDT
Extended GLW-USD
Binance GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT GLW_USDT_Perp | +0.0044% | 8h | 157.85 | −0.289% | $628 | $223K | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 158.25 | −0.038% | — | — | 10x | as long as short |
| OKX GLW-USDT-SWAPshort | +0.0056% | 8h | 158.51 | +0.126% | $2.2M | $5.0M | 20x | |
| QFEX GLW-USD | +0.0066% | 1h | 158.30 | −0.006% | $1.1M | $1.7M | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0078% | 1h | 158.24 | −0.044% | $277K | $114K | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 158.07 | −0.152% | $366K | $858K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 158.17 | −0.088% | $2K | $3K | 10x | as long as short |
GRVT GLW_USDT_Perp
Vest GLW-USD-PERP
QFEX GLW-USD
Ondo Perps GLW-USD.P
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos