Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.038%

Price spread now: Paragon against Gate+0.031%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1000.996% of the position

Long on Gate Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.031%, 7d avg −0.019%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paragon is 0.050% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GLW_USDT	158.34	0	get 0.0000% / 8h	4h 47m	$2.2M	$4.4M	50x
Short	Paragon para:GLW	158.39	0.0060	get 0.0008% / 1h	47m 34s	$308K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Gate. 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 GatebpFee ParagonbpOrdersPrice spread, now +0.031%Rate

Funding earned: $12.6
Price spread: +0.031% → −0.019%: $5
Slippage, 4 orders: −$74.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$82.01
Costs to cover: 0.996%
Break-even: 52.6 days

Slippage from Gate: live order book, 4 min ago; Paragon: live order book, 51 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 Gate live order book, 4 min ago	8.18 bp	18.8 bp −$19	176.9 bp −$1,769	doesn't fit	doesn't fit
Sell Paragon live order book, 51 min ago	25.47 bp	30.5 bp −$30	81.1 bp −$811	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
Aster GLWUSDT	0.0000%	8h	158.56	+0.137%	$64K	$53K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	158.40	+0.038%	$904K	$242K	25x	as long as short
Gate GLW_USDTlong	0.0000%	8h	158.34	long leg	$2.2M	$4.4M	50x
Bitget GLWUSDT	0.0000%	8h	158.47	+0.082%	$2.1M	$1.1M	20x	as long as short
SunX GLW-USDT	0.0000%	8h	158.22	−0.076%	$1K	$1.5M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.01	+0.423%	$17K	$27K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	158.62	+0.177%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	158.23	−0.069%	$280K	$111K	10x	as long as short
Paragon para:GLWshort	+0.0060%	1h	158.39	+0.031%	$308K	$41K	10x
QFEX GLW-USD	+0.0080%	1h	158.60	+0.164%	$1.1M	$1.8M	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	158.50	+0.101%	$379K	$872K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.31	−0.019%	$2K	$3K	10x	as long as short
Binance GLWUSDT	+0.0119%	8h	158.59	+0.158%	$10.5M	$27.2M	20x	as long as short
Extended GLW-USD	+0.0120%	1h	158.51	+0.108%	$2K	$1K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0128%	8h	158.52	+0.114%	$2.2M	$5.2M	20x	as long as short
BloFin GLW-USDT	+0.0160%	8h	158.40	+0.038%	$151K	$48K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0401%	8h	158.27	−0.044%	$196	$247K	10x	as long as short