Funding you earn now, next payment 07:00 UTC−0.1345%/8h= −147.3% APRpaid last 24h +0.003%
Price spread now: Bitget against Ondo Perps+0.045%50s7-day average +0.083% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.045%, 7d avg +0.083%
=Together, before fees−0.132%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Bitget is 0.038% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.083%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment. 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 | Ondo Perps GLW-USD.P | 157.26 | 0.0050 | pay 0.0006% / 1h | 16m 50s | $278K | $122K | 10x |
| Short | Bitget GLWUSDT | 157.33 | −0.1295 | pay 0.1295% / 8h | 1h 16m | $2.1M | $908K | 20x |
Ondo Perps GLW-USD.P
Bitget GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Ondo Perps. 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
- −$282.53
- Price spread: +0.045% → +0.083%
- −$3.8
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$303.34
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 5 min ago | 6.99 bp | 29.7 bp −$30 | 58.6 bp −$586 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 GLWUSDTshort | −0.1295% | 8h | 157.33 | +0.045% | $2.1M | $908K | 20x | |
| Gate GLW_USDT | −0.0371% | 8h | 157.22 | −0.025% | $2.2M | $4.4M | 50x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 157.32 | +0.037% | $40K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 157.32 | +0.038% | $908K | $229K | 25x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 157.30 | +0.025% | $989 | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 157.26 | 0.000% | $16K | $15K | 20x | as long as short |
| BloFin GLW-USDT | +0.0002% | 8h | 157.31 | +0.032% | $147K | $39K | 20x | as long as short |
| Binance GLWUSDT | +0.0015% | 8h | 157.34 | +0.050% | $10.4M | $24.4M | 20x | as long as short |
| Extended GLW-USD | +0.0016% | 1h | 157.30 | +0.022% | $2K | $1K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0026% | 8h | 157.19 | −0.045% | $108 | $215K | 10x | as long as short |
Gate GLW_USDT
Aster GLWUSDT
Bybit GLWUSDT
SunX GLW-USDT
HTX GLW-USDT
BloFin GLW-USDT
Binance GLWUSDT
Extended GLW-USD
GRVT GLW_USDT_PerpShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:GLW | +0.0038% | 1h | 157.15 | −0.068% | $306K | $41K | 10x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 157.27 | +0.006% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.Plong | +0.0050% | 1h | 157.26 | long leg | $278K | $122K | 10x | |
| QFEX GLW-USD | +0.0060% | 1h | 157.30 | +0.025% | $1.1M | $1.7M | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 157.15 | −0.070% | $315K | $880K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 157.26 | 0.000% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0102% | 8h | 157.40 | +0.089% | $2.2M | $4.7M | 20x | as long as short |
Paragon para:GLW
Vest GLW-USD-PERP
QFEX GLW-USD
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
OKX GLW-USDT-SWAP