Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.0% APRpaid last 24h −0.053%

Price spread now: QFEX against OKX+0.056%7-day average −0.031% · 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−$40as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.045%−$4 on $10k

Price spread, last 7 days−0.067%−$7 · spread now +0.056%, 7d avg −0.031%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.087% dearer against OKX than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.031%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 4 days (−0.045% in total) that is about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GLW-USDT-SWAP	159.39	0.0141	pay 0.0141% / 8h	3h 24m	$2.2M	$4.4M	20x
Short	QFEX GLW-USD	159.48	0.0050	get 0.0006% / 1h	24m 21s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$19.27
Price spread: +0.056% → −0.031%: $8.7
Slippage, 4 orders: −$29.15
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$59.72
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago	0.31 bp	19.3 bp −$19	43.4 bp −$434	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.88 bp	8.1 bp −$8	16.5 bp −$165	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
Aster GLWUSDT	0.0000%	8h	159.71	+0.198%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.43	+0.025%	$915K	$201K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.36	−0.019%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	159.49	+0.063%	$2.1M	$863K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	159.66	+0.169%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	160.34	+0.596%	$16K	$16K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0016%	8h	160.35	+0.603%	$441	$195K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.55	+0.100%	—	—	10x	as long as short
QFEX GLW-USDshort	+0.0050%	1h	159.48	+0.056%	$1.1M	$1.8M	10x
Ondo Perps GLW-USD.P	+0.0050%	1h	160.00	+0.383%	$290K	$117K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:GLW	+0.0060%	1h	159.48	+0.055%	$311K	$41K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	159.54	+0.094%	$322K	$924K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.49	+0.063%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAPlong	+0.0141%	8h	159.39	long leg	$2.2M	$4.4M	20x
Extended GLW-USD	+0.0184%	1h	159.42	+0.019%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0186%	8h	159.49	+0.063%	$10.4M	$22.2M	20x	as long as short
BloFin GLW-USDT	+0.0194%	8h	159.80	+0.257%	$150K	$36K	20x	as long as short