GLM Funding Rate — live across 8 venues

Compared across 8 supported venues · net of estimated fees · updated every few minutes

Live annualized GLM perpetual funding across all 8 venues Perpia tracks. Right now GLM funding is positive on 4 and negative on 4, ranging from +10.9% on Bybit to -50.2% on OKX — a spread of 61.1%. The widest delta-neutral trade is long OKX / short Bybit at 57.8% net APR.

venues

paying positive

61.1%

funding spread

Best GLM spread now

57.8%

net APR after fees

Long OKX→Short Bybit

size depends on live venue depth — see the real cap in the scanner

GLM funding trend & liquidity

168h of history

61.1%

current gross APR

-8.5%

24h average

0.3%

7-day average

$189K

pair OI · lower leg

$501K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

GLM funding rate history

30d · 6h buckets · 7 venues

34.9%0-111.5%

4 Aug3 Sep

GLM — average across 7 venuesBinanceBitgetMEXCOKX

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +2.5%. A break in a line means no data was recorded for that stretch, not a zero rate.

GLM funding rate by venue

21 pairs scanned

Venue	Funding APR	Interval
Bybit ↗	+10.9%	4h
BingX ↗	+10.9%	4h
Variational ↗	+10.9%	4h
Bitget ↗	+5.5%	4h
Binance ↗	-27.0%	4h
MEXC ↗	-27.8%	4h
Gate.io ↗	-45.6%	4h
OKX ↗	-50.2%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the OKX vs Bybit page.

GLM arbitrage — 30-day backtest

long OKX · short Bybit

-3.4%

backtested APR

−$28

historical net P&L on $10,000

0.50%

max drawdown

$10,000$9,972

30 days agostarting capital $10,000today

Over the last 30 days, holding long OKX / short Bybit would have produced -3.4% APR — versus the 57.8% the live spread implies right now (equity $10,000 → $9,972). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading GLM backtest…

GLM funding — FAQ

Is GLM funding positive right now?

GLM perpetual funding is positive on 4 of 8 venues Perpia tracks and negative on 4. The highest is +10.9% on Bybit; the lowest is -50.2% on OKX.

What is the best GLM funding arbitrage right now?

Go long OKX and short Bybit for about 57.8% net APR after fees — the widest delta-neutral GLM spread Perpia currently sees.

Which exchange has the highest GLM funding rate?

Bybit, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How GLM funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to GLM

Markets also quoted on both Bybit and OKX — the same two exchanges you would already have funded for the GLM trade.

See every spread between them on the Bybit vs OKX page.

Open the live scanner →All funding rates Funding by exchange How we calculate this