Funding you earn now, next payment 08:00 UTC+0.0446%/8h= +48.8% APRnext payment +$4.46 per $10,000 · paid last 24h +0.092%
Price spread now: Binance against KuCoin−0.004%7-day average +0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$899as in the Funding arb table
Net, price: spread back to 7d avg − costs−$913as in the Price arb table
costs, in and out, $10k−$9039.028% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 2 days (all we have)+0.145%+$14 · spread now −0.004%, 7d avg +0.100%
=Funding pays, the price is against you. Binance is 0.104% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.100%). If the spread goes back, that is −$10 on $10k: about 19 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.040% in total) that is about 18 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.46 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 | KuCoin GLWUSDTM | 161.83 | 0.0100 | pay 0.0100% / 8h | 6h 57m | $326K | $986K | 20x |
| Short | Binance GLWUSDT | 161.82 | 0.0546 | get 0.0546% / 8h | 6h 57m | $10.8M | $21.6M | 20x |
KuCoin GLWUSDTM
Binance GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $93.61
- Price spread: −0.004% → +0.100%
- −$10.42
- Slippage, 4 orders
- −$880.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$819.64
- Costs to cover
- 9.028%
- Break-even
- 68.3 days
Slippage from KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago | 2.16 bp | 442.6 bp −$443 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.62 bp | 11.1 bp −$11 | 38.0 bp −$380 | 89.4 bp −$8,944 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster GLWUSDT | 0.0000% | 8h | 161.98 | +0.091% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 161.77 | −0.037% | $933K | $194K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 161.61 | −0.136% | $2.2M | $4.2M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 161.72 | −0.068% | $731 | $1.9M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 161.93 | +0.062% | $17K | $16K | 20x | as long as short |
| QFEX GLW-USD | +0.0034% | 1h | 161.76 | −0.043% | $1.1M | $2.2M | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 161.89 | +0.037% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 161.65 | −0.111% | $302K | $110K | 10x | as long as short |
| Paragon para:GLW | +0.0060% | 1h | 161.78 | −0.032% | $321K | $38K | 10x | as long as short |
| KuCoin GLWUSDTMlong | +0.0100% | 8h | 161.83 | long leg | $326K | $986K | 20x |
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
QFEX GLW-USD
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
Paragon para:GLWShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 161.76 | −0.043% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0217% | 8h | 161.79 | −0.025% | $2.3M | $4.4M | 20x | as long as short |
| GRVT GLW_USDT_Perp | +0.0301% | 8h | 161.98 | +0.094% | $776 | $169K | 10x | as long as short |
| Bitget GLWUSDT | +0.0389% | 8h | 161.74 | −0.056% | $2.2M | $806K | 20x | as long as short |
| Extended GLW-USD | +0.0544% | 1h | 161.78 | −0.032% | $2K | $2K | 10x | as long as short |
| Binance GLWUSDTshort | +0.0546% | 8h | 161.82 | −0.004% | $10.8M | $21.6M | 20x | |
| BloFin GLW-USDT | +0.0551% | 8h | 161.93 | +0.062% | $151K | $36K | 20x | as long as short |
Orderly PERP_GLW_USDC_mythos
OKX GLW-USDT-SWAP
GRVT GLW_USDT_Perp
Bitget GLWUSDT
Extended GLW-USD
BloFin GLW-USDT