Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.018%

Price spread now: QFEX against Bybit−0.151%7-day average +0.040% · 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−$222as in the Price arb table

costs, in and out, $10k−$2032.031% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.310%+$31 · spread now −0.151%, 7d avg +0.040%

Together, before fees+0.420%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.190% cheaper against Bybit than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of +0.040%). If the spread goes back, that is −$19 on $10k: about 11 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GLWUSDT	159.24	0	get 0.0000% / 8h	5h 56m	$906K	$242K	25x
Short	QFEX GLW-USD	159.00	0.0059	get 0.0007% / 1h	56m 51s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.151%Rate

Funding earned: $12.47
Price spread: −0.151% → +0.040%: −$19.04
Slippage, 4 orders: −$182.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$209.67
Costs to cover: 2.031%
Break-even: 124.7 days

Slippage from Bybit: live order book, 51 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 Bybit live order book, 51 min ago	4.12 bp	91.7 bp −$92	414.3 bp −$4,143	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.82 bp	10.9 bp −$11	16.5 bp −$165	doesn't fit	doesn't fit

GLW on 17 exchanges

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
Bitget GLWUSDT	−0.0138%	8h	159.24	0.000%	$2.1M	$1.1M	20x	as long as short
Aster GLWUSDT	0.0000%	8h	158.99	−0.159%	$65K	$53K	20x	as long as short
Bybit GLWUSDTlong	0.0000%	8h	159.24	long leg	$906K	$242K	25x
Gate GLW_USDT	0.0000%	8h	159.05	−0.119%	$2.2M	$4.4M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	159.35	+0.069%	$1K	$1.6M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.19	−0.031%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.28	+0.025%	$281K	$113K	10x	as long as short
QFEX GLW-USDshort	+0.0059%	1h	159.00	−0.151%	$1.1M	$1.8M	10x
Paragon para:GLW	+0.0060%	1h	158.87	−0.230%	$309K	$41K	10x	as long as short
BloFin GLW-USDT	+0.0092%	8h	158.96	−0.176%	$103K	$44K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GLW-USD	+0.0096%	1h	159.10	−0.089%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0098%	8h	159.27	+0.018%	$10.5M	$26.7M	20x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	159.08	−0.100%	$378K	$867K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.98	−0.163%	$2K	$3K	10x	as long as short
HTX GLW-USDT	+0.0120%	8h	159.52	+0.176%	$17K	$22K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0172%	8h	159.34	+0.063%	$2.2M	$5.1M	20x	as long as short
GRVT GLW_USDT_Perp	+0.0694%	8h	159.47	+0.144%	$196	$233K	10x	as long as short