Funding you earn now, next payment 08:00 UTC+0.0196%/8h= +21.5% APRnext payment +$1.96 per $10,000 · paid last 24h +0.023%
Price spread now: OKX against Gate+0.134%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now +0.134%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.089% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.044%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.96 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 | Gate GLW_USDT | 157.00 | −0.0116 | get 0.0116% / 8h | 2h 26m | $2.2M | $4.3M | 50x |
| Short | OKX GLW-USDT-SWAP | 157.21 | 0.0080 | get 0.0080% / 8h | 2h 26m | $2.2M | $4.6M | 20x |
Gate GLW_USDT
OKX GLW-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $41.16
- Price spread: +0.134% → +0.044%
- $8.93
- Slippage, 4 orders
- −$46.22
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$21.14
- Costs to cover
- 0.712%
- Break-even
- 10.6 days
Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago | 10.53 bp | 22.7 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.27 bp | 14.3 bp −$14 | 52.8 bp −$528 | 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 | −0.0878% | 8h | 157.18 | +0.115% | $2.1M | $869K | 20x | as long as short |
| Gate GLW_USDTlong | −0.0116% | 8h | 157.00 | long leg | $2.2M | $4.3M | 50x | |
| Aster GLWUSDT | 0.0000% | 8h | 157.25 | +0.162% | $40K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 156.96 | −0.025% | $902K | $219K | 25x | as long as short |
| GRVT GLW_USDT_Perp | 0.0000% | 8h | 157.39 | +0.248% | $545 | $204K | 10x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 156.84 | −0.102% | $1K | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 157.13 | +0.083% | $16K | $16K | 20x | as long as short |
| QFEX GLW-USD | +0.0032% | 1h | 157.08 | +0.051% | $1.1M | $1.8M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 156.98 | −0.013% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 157.46 | +0.293% | $285K | $117K | 10x | as long as short |
Bitget GLWUSDT
Aster GLWUSDT
Bybit 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 | 156.86 | −0.086% | $306K | $41K | 10x | as long as short |
| BloFin GLW-USDT | +0.0061% | 8h | 156.79 | −0.134% | $146K | $37K | 20x | as long as short |
| Binance GLWUSDT | +0.0070% | 8h | 157.05 | +0.030% | $10.2M | $23.0M | 20x | as long as short |
| Extended GLW-USD | +0.0072% | 1h | 157.02 | +0.013% | $2K | $1K | 10x | as long as short |
| OKX GLW-USDT-SWAPshort | +0.0080% | 8h | 157.21 | +0.134% | $2.2M | $4.6M | 20x | |
| KuCoin GLWUSDTM | +0.0100% | 8h | 156.94 | −0.038% | $316K | $907K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 156.97 | −0.019% | $2K | $2K | 10x | as long as short |
Paragon para:GLW
BloFin GLW-USDT
Binance GLWUSDT
Extended GLW-USD
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos