Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.147%

Price spread now: Paragon against GRVT−0.357%107s7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$930.935% of the position

Long on GRVT Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.357%, 7d avg −0.076%

Together, before fees−0.144%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paragon is 0.280% cheaper against GRVT than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.076%). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT GLW_USDT_Perp	161.81	0.0068	pay 0.0068% / 8h	3h 47m	$691	$191K	10x
Short	Paragon para:GLW	161.23	−0.0007	pay 0.0001% / 1h	47m 39s	$320K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against GRVT. 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 GRVTbpFee ParagonbpOrdersPrice spread, now −0.357%Rate

Funding earned: −$15.77
Price spread: −0.357% → −0.076%: −$28.04
Slippage, 4 orders: −$74.45
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$137.26
Costs to cover: 0.935%
Break-even: never at this rate

Slippage from GRVT: live order book, 65 min ago; Paragon: live order book, 38 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 GRVT live order book, 65 min ago	2.16 bp	18.3 bp −$18	304.9 bp −$3,049	doesn't fit	doesn't fit
Sell Paragon live order book, 38 min ago	14.51 bp	41.5 bp −$41	96.3 bp −$963	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:GLWshort	−0.0007%	1h	161.23	−0.357%	$320K	$37K	10x
Aster GLWUSDT	0.0000%	8h	161.54	−0.164%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.26	−0.340%	$925K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.24	−0.352%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	161.46	−0.216%	$2.2M	$850K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	161.44	−0.229%	$943	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.47	−0.210%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.37	−0.272%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	161.24	−0.352%	$1.1M	$1.9M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.30	−0.315%	$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_Perplong	+0.0068%	8h	161.81	long leg	$691	$191K	10x
KuCoin GLWUSDTM	+0.0100%	8h	161.29	−0.321%	$324K	$929K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.29	−0.321%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0194%	8h	161.43	−0.235%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0228%	8h	161.43	−0.235%	$154K	$36K	20x	as long as short
Binance GLWUSDT	+0.0247%	8h	161.38	−0.266%	$10.6M	$21.9M	20x	as long as short
Extended GLW-USD	+0.0248%	1h	161.26	−0.338%	$2K	$1K	10x	as long as short