Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.042%

Price spread now: Paragon against Bitget−0.103%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

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

costs, in and out, $10k−$1021.020% of the position

Long on Bitget Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.103%, 7d avg −0.061%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paragon is 0.042% cheaper against Bitget than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.061%). If the spread goes back, that is −$4 on $10k: about 7.5 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	Bitget GLWUSDT	159.79	0	get 0.0000% / 8h	1h 20m	$2.2M	$860K	20x
Short	Paragon para:GLW	159.63	0.0019	get 0.0002% / 1h	20m 51s	$317K	$27K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon 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 ParagonbpOrdersPrice spread, now −0.103%Rate

Funding earned: $3.93
Price spread: −0.103% → −0.061%: −$4.19
Slippage, 4 orders: −$80.05
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$102.31
Costs to cover: 1.020%
Break-even: 189.1 days

Slippage from Bitget: live order book, 1 min ago; Paragon: live order book, 55 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, 1 min ago	1.88 bp	17.3 bp −$17	31.0 bp −$310	doesn't fit	doesn't fit
Sell Paragon live order book, 55 min ago	12.55 bp	39.2 bp −$39	59.5 bp −$595	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
Aster GLWUSDT	0.0000%	8h	159.84	+0.033%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.77	−0.013%	$916K	$214K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.65	−0.088%	$2.2M	$4.1M	50x	as long as short
Bitget GLWUSDTlong	0.0000%	8h	159.79	long leg	$2.2M	$860K	20x
SunX GLW-USDT	0.0000%	8h	159.72	−0.044%	$1K	$2.0M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.80	+0.006%	$16K	$16K	20x	as long as short
Paragon para:GLWshort	+0.0019%	1h	159.63	−0.103%	$317K	$27K	10x
Vest GLW-USD-PERP	+0.0046%	1h	159.69	−0.063%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	159.78	−0.006%	$1.1M	$2.1M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.54	−0.156%	$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	159.71	−0.050%	$319K	$979K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.78	−0.006%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0179%	8h	159.82	+0.019%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0318%	8h	159.81	+0.013%	$10.8M	$20.8M	20x	as long as short
Extended GLW-USD	+0.0320%	1h	159.78	−0.007%	$2K	$2K	10x	as long as short
BloFin GLW-USDT	+0.0337%	8h	159.85	+0.038%	$151K	$33K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0431%	8h	159.79	+0.002%	$355	$185K	10x	as long as short