Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Bybit against Bitget+0.025%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.025%, 7d avg −0.044%

Together, before fees−0.301%−$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.069% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GLWUSDT	159.57	0	get 0.0000% / 8h	1h 37m	$2.2M	$860K	20x
Short	Bybit GLWUSDT	159.61	0	get 0.0000% / 8h	1h 37m	$915K	$215K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.044%: $6.89
Slippage, 4 orders: −$89.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$106.01
Costs to cover: 1.129%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 43 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 Bitget live order book, 5 min ago	3.45 bp	18.6 bp −$19	29.2 bp −$292	130.9 bp −$13.1K	doesn't fit
Sell Bybit live order book, 43 min ago	11.30 bp	39.8 bp −$40	190.2 bp −$1,902	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:GLW	−0.0040%	1h	159.42	−0.095%	$317K	$27K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	159.53	−0.024%	$41K	$1K	20x	as long as short
Bybit GLWUSDTshort	0.0000%	8h	159.61	+0.025%	$915K	$215K	25x
Gate GLW_USDT	0.0000%	8h	159.45	−0.075%	$2.2M	$4.1M	50x	as long as short
Bitget GLWUSDTlong	0.0000%	8h	159.57	long leg	$2.2M	$860K	20x
SunX GLW-USDT	0.0000%	8h	159.56	−0.006%	$809	$2.0M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.59	+0.013%	$16K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.50	−0.044%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	159.60	+0.019%	$1.1M	$2.1M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.49	−0.050%	$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	159.53	−0.025%	$317K	$979K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.60	+0.019%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0134%	8h	159.61	+0.025%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0235%	8h	159.65	+0.050%	$151K	$33K	20x	as long as short
Extended GLW-USD	+0.0240%	1h	159.60	+0.021%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0244%	8h	159.63	+0.038%	$10.8M	$20.8M	20x	as long as short
GRVT GLW_USDT_Perp	+0.0366%	8h	159.58	+0.004%	$428	$185K	10x	as long as short