Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0721%/8h= −79.0% APRpaid last 24h −0.142%

Price spread now: Paragon against Binance−0.070%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on Binance Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 4 days (all we have)−0.492%−$49 · spread now −0.070%, 7d avg −0.081%

Together, before fees−0.669%−$67 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.081%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% 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	Binance GLWUSDT	162.32	0.0324	pay 0.0324% / 8h	4h 17m	$10.7M	$21.9M	20x
Short	Paragon para:GLW	162.21	−0.0397	pay 0.0050% / 1h	17m 32s	$322K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Binance. 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 BinancebpFee ParagonbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$151.49
Price spread: −0.070% → −0.081%: $1.06
Slippage, 4 orders: −$62.1
Fee Binance: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$232.52
Costs to cover: 0.821%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Paragon: live order book, 8 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 Binance live order book, 8 min ago	0.93 bp	8.7 bp −$9	31.2 bp −$312	147.0 bp −$14.7K	doesn't fit
Sell Paragon live order book, 8 min ago	14.51 bp	41.5 bp −$41	96.3 bp −$963	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
Paragon para:GLWshort	−0.0397%	1h	162.21	−0.070%	$322K	$37K	10x
Aster GLWUSDT	0.0000%	8h	162.50	+0.109%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.31	−0.005%	$932K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.19	−0.079%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.30	−0.011%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.32	+0.001%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.32	+0.001%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.19	−0.079%	$304K	$108K	10x	as long as short
QFEX GLW-USD	+0.0078%	1h	162.27	−0.030%	$1.1M	$2.0M	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	162.31	−0.005%	$327K	$932K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	162.29	−0.017%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0131%	8h	162.43	+0.068%	$57	$185K	10x	as long as short
Bitget GLWUSDT	+0.0169%	8h	162.31	−0.005%	$2.2M	$850K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0235%	8h	162.46	+0.087%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0305%	8h	162.38	+0.038%	$155K	$36K	20x	as long as short
Binance GLWUSDTlong	+0.0324%	8h	162.32	long leg	$10.7M	$21.9M	20x
Extended GLW-USD	+0.0328%	1h	162.28	−0.026%	$2K	$1K	10x	as long as short