Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.078%

Price spread now: KuCoin against Extended−0.047%7-day average — · you buy dearer than you sell

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

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 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 against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.047% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GLW-USD	161.43	0.0248	pay 0.0031% / 1h	48m 03s	$2K	$1K	10x
Short	KuCoin GLWUSDTM	161.35	0.0100	get 0.0100% / 8h	3h 48m	$325K	$930K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$31.08
Price spread: −0.047% → 0.000%: −$4.68
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$52.76
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; KuCoin: live order book, 61 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 61 min ago	2.16 bp	393.2 bp −$393	doesn't fit	doesn't fit	doesn't fit

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 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	−0.0015%	1h	161.27	−0.098%	$320K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	161.49	+0.040%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.32	−0.065%	$925K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.36	−0.041%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	161.46	+0.021%	$2.2M	$850K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	161.44	+0.009%	$943	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.47	+0.028%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.37	−0.034%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	161.31	−0.072%	$1.1M	$1.9M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.18	−0.152%	$301K	$108K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GLW_USDT_Perp	+0.0068%	8h	161.81	+0.238%	$691	$191K	10x	as long as short
KuCoin GLWUSDTMshort	+0.0100%	8h	161.35	−0.047%	$325K	$930K	20x
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.29	−0.084%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0194%	8h	161.51	+0.052%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0228%	8h	161.43	+0.003%	$154K	$36K	20x	as long as short
Extended GLW-USDlong	+0.0248%	1h	161.43	long leg	$2K	$1K	10x
Binance GLWUSDT	+0.0249%	8h	161.45	+0.015%	$10.6M	$21.9M	20x	as long as short