Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.061%

Price spread now: Paragon against Aster−0.078%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Paragon is 0.078% cheaper against Aster than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 14 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GLWUSDT	159.88	0	get 0.0000% / 8h	1h 19m	$41K	$1K	20x
Short	Paragon para:GLW	159.75	0.0018	get 0.0002% / 1h	19m 46s	$317K	$27K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee ParagonbpOrdersPrice spread, now −0.078%Rate

Funding earned: $3.83
Price spread: −0.078% → 0.000%: −$7.84
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$22.01
Costs to cover: 0.180%
Break-even: 47.3 days

Slippage unknown: Aster: no order-book sample; Paragon: live order book, 56 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 Aster no order-book sample	—	—	—	—	—
Sell Paragon live order book, 56 min ago	12.55 bp	39.2 bp −$39	59.5 bp −$595	doesn't fit	doesn't fit

Aster: 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
Aster GLWUSDTlong	0.0000%	8h	159.88	long leg	$41K	$1K	20x
Bybit GLWUSDT	0.0000%	8h	159.78	−0.062%	$916K	$214K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.66	−0.138%	$2.2M	$4.1M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	159.85	−0.019%	$2.2M	$860K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	159.72	−0.100%	$1K	$2.0M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.80	−0.050%	$16K	$16K	20x	as long as short
Paragon para:GLWshort	+0.0018%	1h	159.75	−0.078%	$317K	$27K	10x
Vest GLW-USD-PERP	+0.0046%	1h	159.72	−0.100%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	159.78	−0.062%	$1.1M	$2.1M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.54	−0.213%	$299K	$85K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	159.74	−0.087%	$319K	$979K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.84	−0.025%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0177%	8h	159.83	−0.031%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0319%	8h	159.89	+0.006%	$10.8M	$20.8M	20x	as long as short
Extended GLW-USD	+0.0320%	1h	159.83	−0.029%	$2K	$2K	10x	as long as short
BloFin GLW-USDT	+0.0337%	8h	159.85	−0.019%	$151K	$33K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0431%	8h	159.79	−0.054%	$355	$185K	10x	as long as short