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 +0.067%

Price spread now: Gate against Bybit−0.100%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1101.102% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.100%, 7d avg 0.000%

Together, before fees+0.329%+$33 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: Gate is 0.100% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GLWUSDT	159.61	0	get 0.0000% / 8h	1h 31m	$915K	$215K	25x
Short	Gate GLW_USDT	159.45	0	get 0.0000% / 8h	1h 31m	$2.2M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → 0.000%: −$10.03
Slippage, 4 orders: −$84.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$120.25
Costs to cover: 1.102%
Break-even: never at this rate

Slippage from Bybit: live order book, 49 min ago; Gate: live order book, 2 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 Bybit live order book, 49 min ago	11.30 bp	29.4 bp −$29	168.6 bp −$1,686	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.76 bp	25.1 bp −$25	264.7 bp −$2,647	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	−0.0031%	1h	159.37	−0.149%	$317K	$27K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	159.55	−0.040%	$41K	$1K	20x	as long as short
Bybit GLWUSDTlong	0.0000%	8h	159.61	long leg	$915K	$215K	25x
Gate GLW_USDTshort	0.0000%	8h	159.45	−0.100%	$2.2M	$4.1M	50x
Bitget GLWUSDT	0.0000%	8h	159.60	−0.006%	$2.2M	$860K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	159.55	−0.038%	$855	$2.0M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.67	+0.038%	$16K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.64	+0.019%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	159.60	−0.006%	$1.1M	$2.1M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.39	−0.138%	$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	159.51	−0.063%	$318K	$980K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.61	0.000%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0152%	8h	159.64	+0.019%	$2.3M	$4.4M	20x	as long as short
Extended GLW-USD	+0.0272%	1h	159.61	+0.002%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0275%	8h	159.62	+0.009%	$10.8M	$20.8M	20x	as long as short
BloFin GLW-USDT	+0.0295%	8h	159.64	+0.019%	$151K	$33K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0386%	8h	159.59	−0.011%	$428	$185K	10x	as long as short