Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.019%

Price spread now: QFEX against Aster−0.100%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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. QFEX is 0.100% cheaper against Aster than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GLWUSDT	161.62	0	get 0.0000% / 8h	7h 57m	$41K	$1K	20x
Short	QFEX GLW-USD	161.46	0.0052	get 0.0007% / 1h	57m 00s	$1.1M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $11.02
Price spread: −0.100% → 0.000%: −$9.99
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$16.97
Costs to cover: 0.180%
Break-even: 17.8 days

Slippage unknown: Aster: no order-book sample; QFEX: 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 Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 5 min ago	1.24 bp	6.2 bp −$6	11.1 bp −$111	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	161.62	long leg	$41K	$1K	20x
Bybit GLWUSDT	0.0000%	8h	161.60	−0.013%	$936K	$194K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.31	−0.193%	$2.2M	$4.2M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	161.29	−0.205%	$1K	$1.9M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.49	−0.081%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.35	−0.168%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.42	−0.125%	$301K	$112K	10x	as long as short
QFEX GLW-USDshort	+0.0052%	1h	161.46	−0.100%	$1.1M	$2.3M	10x
KuCoin GLWUSDTM	+0.0100%	8h	161.43	−0.118%	$325K	$1.0M	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.48	−0.088%	$2K	$2K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GLWUSDT	+0.0188%	8h	161.51	−0.069%	$2.2M	$812K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0259%	8h	161.55	−0.044%	$2.3M	$4.5M	20x	as long as short
Paragon para:GLW	+0.0567%	1h	161.25	−0.228%	$321K	$30K	10x	as long as short
BloFin GLW-USDT	+0.0580%	8h	161.57	−0.032%	$150K	$36K	20x	as long as short
Binance GLWUSDT	+0.0590%	8h	161.57	−0.031%	$11.0M	$21.1M	20x	as long as short
Extended GLW-USD	+0.0592%	1h	161.54	−0.049%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0624%	8h	161.47	−0.095%	$538	$175K	10x	as long as short