Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.026%

Price spread now: Bybit against Paragon−0.006%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1131.131% of the position

Long on Paragon Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.006%, 7d avg +0.019%

Together, before fees−0.133%−$13 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 Bybit is 0.025% cheaper against Paragon than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	161.51	0.0060	pay 0.0008% / 1h	54m 34s	$321K	$30K	10x
Short	Bybit GLWUSDT	161.50	0	get 0.0000% / 8h	7h 54m	$935K	$194K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paragon. 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 ParagonbpFee BybitbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$12.6
Price spread: −0.006% → +0.019%: −$2.55
Slippage, 4 orders: −$92.09
Fee Paragon: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$128.24
Costs to cover: 1.131%
Break-even: never at this rate

Slippage from Paragon: live order book, 1 min ago; Bybit: live order book, 16 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 Paragon live order book, 1 min ago	18.30 bp	24.9 bp −$25	53.4 bp −$534	doesn't fit	doesn't fit
Sell Bybit live order book, 16 min ago	4.96 bp	29.0 bp −$29	175.2 bp −$1,752	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	161.76	+0.153%	$41K	$1K	20x	as long as short
Bybit GLWUSDTshort	0.0000%	8h	161.50	−0.006%	$935K	$194K	25x
Gate GLW_USDT	0.0000%	8h	161.39	−0.074%	$2.2M	$4.2M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	161.70	+0.118%	$1K	$1.9M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.75	+0.149%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.59	+0.050%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.42	−0.056%	$301K	$109K	10x	as long as short
QFEX GLW-USD	+0.0052%	1h	161.61	+0.062%	$1.1M	$2.3M	10x	as long as short
Paragon para:GLWlong	+0.0060%	1h	161.51	long leg	$321K	$30K	10x
KuCoin GLWUSDTM	+0.0100%	8h	161.57	+0.037%	$326K	$1.0M	20x	as long as short

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	161.50	−0.006%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0209%	8h	161.51	0.000%	$102	$172K	10x	as long as short
Bitget GLWUSDT	+0.0218%	8h	161.56	+0.031%	$2.2M	$817K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0256%	8h	161.77	+0.161%	$2.3M	$4.5M	20x	as long as short
BloFin GLW-USDT	+0.0570%	8h	161.36	−0.093%	$150K	$36K	20x	as long as short
Extended GLW-USD	+0.0584%	1h	161.59	+0.052%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0584%	8h	161.63	+0.073%	$11.1M	$21.2M	20x	as long as short