Funding you earn now, next payment 00:00 UTC−0.0217%/8h= −23.7% APRnext payment −$2.17 per $10,000 · paid last 24h −0.027%
Price spread now: Bitget against OKX+0.019%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$550.552% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now +0.019%, 7d avg −0.005%
=The price spread pays, funding is against you. Bitget is 0.023% dearer against OKX than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.005%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.062%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.17 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 | OKX GLW-USDT-SWAP | 160.59 | 0.0220 | pay 0.0220% / 8h | 43m 51s | $2.3M | $4.5M | 20x |
| Short | Bitget GLWUSDT | 160.62 | 0.0003 | get 0.0003% / 8h | 43m 51s | $2.2M | $898K | 20x |
OKX GLW-USDT-SWAP
Bitget GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- −$45.53
- Price spread: +0.019% → −0.005%
- $2.32
- Slippage, 4 orders
- −$33.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$98.44
- Costs to cover
- 0.552%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 3 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 OKX live order book, 4 min ago | 1.56 bp | 8.9 bp −$9 | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.80 bp | 18.3 bp −$18 | 42.9 bp −$429 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | −0.0084% | 1h | 160.42 | −0.106% | $319K | $27K | 10x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 160.56 | −0.019% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 160.46 | −0.081% | $915K | $218K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 160.47 | −0.075% | $2.2M | $4.2M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 160.55 | −0.025% | $1K | $2.0M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 161.05 | +0.286% | $17K | $16K | 20x | as long as short |
| Bitget GLWUSDTshort | +0.0003% | 8h | 160.62 | +0.019% | $2.2M | $898K | 20x | |
| Vest GLW-USD-PERP | +0.0046% | 1h | 160.41 | −0.112% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 160.38 | −0.131% | $302K | $86K | 10x | as long as short |
| QFEX GLW-USD | +0.0065% | 1h | 160.46 | −0.081% | $1.1M | $2.2M | 10x | as long as short |
Paragon para:GLW
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
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 | 160.57 | −0.012% | $322K | $988K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 160.60 | +0.006% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAPlong | +0.0220% | 8h | 160.59 | long leg | $2.3M | $4.5M | 20x | |
| BloFin GLW-USDT | +0.0395% | 8h | 160.69 | +0.062% | $150K | $33K | 20x | as long as short |
| Extended GLW-USD | +0.0408% | 1h | 160.60 | +0.007% | $2K | $2K | 10x | as long as short |
| Binance GLWUSDT | +0.0411% | 8h | 160.64 | +0.030% | $10.9M | $20.8M | 20x | as long as short |
| GRVT GLW_USDT_Perp | +0.0476% | 8h | 160.62 | +0.019% | $395 | $179K | 10x | as long as short |
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
BloFin GLW-USDT
Extended GLW-USD
Binance GLWUSDT
GRVT GLW_USDT_Perp