Funding you earn now, next payment 06:00 UTC−0.0993%/8h= −108.8% APRpaid last 24h −0.001%
Price spread now: Bitget against QFEX+0.063%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 4 days (all we have)+0.008%+$1 on $10k
+Price spread, last 7 days−0.045%−$5 · spread now +0.063%, 7d avg +0.027%
=The price spread pays, funding is against you. Bitget is 0.036% dearer against QFEX than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.027%): +$4 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 3 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.008% in total (about 0.8% 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 | QFEX GLW-USD | 158.47 | 0.0032 | pay 0.0004% / 1h | 5m 55s | $1.1M | $1.8M | 10x |
| Short | Bitget GLWUSDT | 158.57 | −0.0961 | pay 0.0961% / 8h | 2h 05m | $2.1M | $881K | 20x |
QFEX GLW-USD
Bitget GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against QFEX. 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
- −$208.6
- Price spread: +0.063% → +0.027%
- $3.64
- Slippage, 4 orders
- −$28.16
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$255.12
- Costs to cover
- 0.502%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 6 min ago; Bitget: 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 QFEX live order book, 6 min ago | 1.26 bp | 6.9 bp −$7 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 4.10 bp | 19.5 bp −$20 | 45.7 bp −$457 | 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 GLWUSDTshort | −0.0961% | 8h | 158.57 | +0.063% | $2.1M | $881K | 20x | |
| Gate GLW_USDT | −0.0198% | 8h | 158.49 | +0.013% | $2.2M | $4.4M | 50x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 158.63 | +0.101% | $40K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 158.53 | +0.038% | $913K | $224K | 25x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 158.45 | −0.013% | $948 | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 158.52 | +0.032% | $16K | $16K | 20x | as long as short |
| GRVT GLW_USDT_Perp | +0.0013% | 8h | 158.30 | −0.107% | $226 | $206K | 10x | as long as short |
| QFEX GLW-USDlong | +0.0032% | 1h | 158.47 | long leg | $1.1M | $1.8M | 10x | |
| BloFin GLW-USDT | +0.0040% | 8h | 158.54 | +0.044% | $147K | $38K | 20x | as long as short |
| Vest GLW-USD-PERP | +0.0046% | 1h | 158.30 | −0.107% | — | — | 10x | as long as short |
Gate GLW_USDT
Aster GLWUSDT
Bybit GLWUSDT
SunX GLW-USDT
HTX GLW-USDT
GRVT GLW_USDT_Perp
BloFin GLW-USDT
Vest GLW-USD-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 158.30 | −0.107% | $289K | $118K | 10x | as long as short |
| Paragon para:GLW | +0.0060% | 1h | 158.33 | −0.089% | $308K | $41K | 10x | as long as short |
| Binance GLWUSDT | +0.0069% | 8h | 158.60 | +0.081% | $10.4M | $23.3M | 20x | as long as short |
| Extended GLW-USD | +0.0072% | 1h | 158.55 | +0.052% | $2K | $1K | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 158.36 | −0.069% | $319K | $898K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 158.47 | 0.000% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0121% | 8h | 158.59 | +0.076% | $2.2M | $4.7M | 20x | as long as short |
Ondo Perps GLW-USD.P
Paragon para:GLW
Binance GLWUSDT
Extended GLW-USD
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
OKX GLW-USDT-SWAP