Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.020%
Price spread now: Bybit against QFEX−0.101%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$990.995% of the position
Funding, last 4 days (all we have)−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.101%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.070% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX GLW-USD | 158.45 | 0.0032 | pay 0.0004% / 1h | 3m 08s | $1.1M | $1.8M | 10x |
| Short | Bybit GLWUSDT | 158.29 | 0 | get 0.0000% / 8h | 2h 03m | $915K | $225K | 25x |
QFEX GLW-USD
Bybit GLWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$6.79
- Price spread: −0.101% → −0.030%
- −$7.05
- Slippage, 4 orders
- −$78.48
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$113.31
- Costs to cover
- 0.995%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; Bybit: live order book, 42 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, 4 min ago | 1.58 bp | 8.9 bp −$9 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 42 min ago | 3.79 bp | 33.6 bp −$34 | 187.7 bp −$1,877 | 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 | −0.0932% | 8h | 158.43 | −0.013% | $2.2M | $894K | 20x | as long as short |
| Gate GLW_USDT | −0.0209% | 8h | 158.26 | −0.120% | $2.2M | $4.4M | 50x | as long as short |
| Aster GLWUSDT | 0.0000% | 8h | 158.47 | +0.010% | $40K | $1K | 20x | as long as short |
| Bybit GLWUSDTshort | 0.0000% | 8h | 158.29 | −0.101% | $915K | $225K | 25x | |
| SunX GLW-USDT | 0.0000% | 8h | 158.36 | −0.057% | $956 | $1.7M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 158.52 | +0.044% | $16K | $16K | 20x | as long as short |
| GRVT GLW_USDT_Perp | +0.0027% | 8h | 158.55 | +0.063% | $680 | $207K | 10x | as long as short |
| QFEX GLW-USDlong | +0.0032% | 1h | 158.45 | long leg | $1.1M | $1.8M | 10x | |
| Vest GLW-USD-PERP | +0.0046% | 1h | 158.27 | −0.114% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 158.30 | −0.095% | $289K | $118K | 10x | as long as short |
Bitget GLWUSDT
Gate GLW_USDT
Aster GLWUSDT
SunX GLW-USDT
HTX GLW-USDT
GRVT GLW_USDT_Perp
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 | 158.08 | −0.235% | $308K | $41K | 10x | as long as short |
| BloFin GLW-USDT | +0.0070% | 8h | 158.45 | 0.000% | $146K | $38K | 20x | as long as short |
| Binance GLWUSDT | +0.0071% | 8h | 158.43 | −0.011% | $10.4M | $23.7M | 20x | as long as short |
| Extended GLW-USD | +0.0072% | 1h | 158.36 | −0.057% | $2K | $1K | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 158.15 | −0.189% | $319K | $896K | 20x | as long as short |
| Orderly PERP_GLW_USDC_mythos | +0.0100% | 8h | 158.38 | −0.044% | $2K | $2K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0121% | 8h | 158.37 | −0.050% | $2.2M | $4.7M | 20x | as long as short |
Paragon para:GLW
BloFin GLW-USDT
Binance GLWUSDT
Extended GLW-USD
KuCoin GLWUSDTM
Orderly PERP_GLW_USDC_mythos
OKX GLW-USDT-SWAP