Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.010%

Price spread now: QFEX against KuCoin+0.018%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$808as in the Price arb table

costs, in and out, $10k−$8038.027% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.018%, 7d avg +0.071%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.052% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.071%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GLWUSDTM	162.27	0.0100	pay 0.0100% / 8h	4h 38m	$328K	$938K	20x
Short	QFEX GLW-USD	162.30	0.0078	get 0.0010% / 1h	38m 13s	$1.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$4.62
Price spread: +0.018% → +0.071%: −$5.22
Slippage, 4 orders: −$780.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$812.51
Costs to cover: 8.027%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; QFEX: live order book, 9 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 KuCoin live order book, 11 min ago	2.16 bp	389.9 bp −$390	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 9 min ago	1.85 bp	9.8 bp −$10	14.1 bp −$141	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	−0.0408%	1h	162.18	−0.055%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.52	+0.155%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.26	−0.006%	$931K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.19	−0.049%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.21	−0.037%	$855	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.38	+0.068%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.25	−0.012%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.09	−0.111%	$303K	$108K	10x	as long as short
QFEX GLW-USDshort	+0.0078%	1h	162.30	+0.018%	$1.1M	$2.0M	10x
KuCoin GLWUSDTMlong	+0.0100%	8h	162.27	long leg	$328K	$938K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	162.36	+0.055%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0139%	8h	162.33	+0.037%	$19	$180K	10x	as long as short
Bitget GLWUSDT	+0.0217%	8h	162.29	+0.012%	$2.2M	$848K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0246%	8h	162.37	+0.062%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0333%	8h	162.27	0.000%	$155K	$36K	20x	as long as short
Extended GLW-USD	+0.0360%	1h	162.32	+0.031%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0360%	8h	162.37	+0.062%	$10.7M	$21.9M	20x	as long as short