Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0440%/8h= +48.2% APRpaid last 24h +0.113%

Price spread now: Extended against Bybit+0.056%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Extended is 0.056% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GLWUSDT	161.71	0	get 0.0000% / 8h	6h 04m	$928K	$198K	25x
Short	Extended GLW-USD	161.80	0.0440	get 0.0055% / 1h	4m 32s	$2K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.056%Rate

Funding earned: $92.4
Price spread: +0.056% → 0.000%: $5.6
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $82
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Bybit: live order book, 61 min ago; Extended: no order-book sample. 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 Bybit live order book, 61 min ago	2.78 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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 16 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	−0.0254%	1h	161.75	+0.026%	$321K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	161.92	+0.131%	$41K	$1K	20x	as long as short
Bybit GLWUSDTlong	0.0000%	8h	161.71	long leg	$928K	$198K	25x
Gate GLW_USDT	0.0000%	8h	161.70	−0.006%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	161.88	+0.105%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.57	−0.087%	$17K	$16K	20x	as long as short
QFEX GLW-USD	+0.0034%	1h	161.77	+0.037%	$1.1M	$2.2M	10x	as long as short
GRVT GLW_USDT_Perp	+0.0038%	8h	161.67	−0.026%	$331	$171K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.80	+0.056%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.77	+0.037%	$301K	$106K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	161.75	+0.025%	$325K	$961K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.82	+0.068%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0190%	8h	161.89	+0.111%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDT	+0.0300%	8h	161.79	+0.049%	$2.2M	$816K	20x	as long as short
Binance GLWUSDT	+0.0436%	8h	161.85	+0.085%	$10.6M	$21.6M	20x	as long as short
Extended GLW-USDshort	+0.0440%	1h	161.80	+0.056%	$2K	$1K	10x