Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.001%

Price spread now: QFEX against Bitget−0.006%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$490.494% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days−0.060%−$6 · spread now −0.006%, 7d avg −0.027%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.021% dearer against Bitget than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.027%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 4 days (−0.009% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GLWUSDT	161.92	0.0071	pay 0.0071% / 8h	3h 54m	$2.2M	$850K	20x
Short	QFEX GLW-USD	161.91	0.0050	get 0.0006% / 1h	54m 23s	$1.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$4.48
Price spread: −0.006% → −0.027%: $2.11
Slippage, 4 orders: −$27.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$51.74
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; QFEX: live order book, 3 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, 3 min ago	3.39 bp	15.6 bp −$16	43.8 bp −$438	150.5 bp −$15.1K	doesn't fit
Sell QFEX live order book, 3 min ago	1.24 bp	6.2 bp −$6	12.6 bp −$126	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	−0.0082%	1h	161.76	−0.101%	$321K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.10	+0.111%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.80	−0.074%	$928K	$199K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.79	−0.080%	$2.2M	$4.2M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	161.92	0.000%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.83	−0.056%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.88	−0.025%	—	—	10x	as long as short
QFEX GLW-USDshort	+0.0050%	1h	161.91	−0.006%	$1.1M	$2.0M	10x
Ondo Perps GLW-USD.P	+0.0050%	1h	161.75	−0.105%	$302K	$108K	10x	as long as short
Bitget GLWUSDTlong	+0.0071%	8h	161.92	long leg	$2.2M	$850K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GLW_USDT_Perp	+0.0086%	8h	162.07	+0.094%	$29	$189K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	161.87	−0.031%	$326K	$931K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.84	−0.049%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0208%	8h	161.93	+0.006%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0268%	8h	161.87	−0.031%	$10.6M	$21.8M	20x	as long as short
Extended GLW-USD	+0.0272%	1h	161.83	−0.057%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0285%	8h	162.02	+0.062%	$155K	$36K	20x	as long as short