Funding you earn now, next payment 03:00 UTC+0.0656%/8h= +71.9% APRnext payment +$0.82 per $10,000 · paid last 24h +0.031%
Price spread now: QFEX against Paragon+0.134%7-day average +0.048% · 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−$93as in the Price arb table
costs, in and out, $10k−$1021.016% of the position
Funding, last 4 days (all we have)−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)+0.208%+$21 · spread now +0.134%, 7d avg +0.048%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and QFEX is 0.086% dearer against Paragon than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 4 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.055% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paragon para:GLW | 162.03 | −0.0613 | get 0.0077% / 1h | 29m 54s | $322K | $37K | 10x |
| Short | QFEX GLW-USD | 162.25 | 0.0044 | get 0.0005% / 1h | 29m 54s | $1.1M | $2.1M | 10x |
Paragon para:GLW
QFEX GLW-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Paragon. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $137.85
- Price spread: +0.134% → +0.048%
- $8.64
- Slippage, 4 orders
- −$81.61
- Fee Paragon: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $44.88
- Costs to cover
- 1.016%
- Break-even
- 4.7 days
Slippage from Paragon: live order book, 6 min ago; QFEX: live order book, 2 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, 6 min ago | 15.13 bp | 26.4 bp −$26 | 91.5 bp −$915 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 1.85 bp | 9.2 bp −$9 | 12.9 bp −$129 | 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:GLWlong | −0.0613% | 1h | 162.03 | long leg | $322K | $37K | 10x | |
| Aster GLWUSDT | 0.0000% | 8h | 162.35 | +0.198% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 162.25 | +0.134% | $931K | $198K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 162.20 | +0.103% | $2.2M | $4.3M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 162.22 | +0.116% | $1K | $1.8M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 162.31 | +0.171% | $17K | $16K | 20x | as long as short |
| QFEX GLW-USDshort | +0.0044% | 1h | 162.25 | +0.134% | $1.1M | $2.1M | 10x | |
| Vest GLW-USD-PERP | +0.0046% | 1h | 162.16 | +0.079% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 162.01 | −0.014% | $304K | $107K | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 162.10 | +0.042% | $326K | $947K | 20x | as long as short |
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
KuCoin GLWUSDTMShow 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 | 162.29 | +0.159% | $2K | $2K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0133% | 8h | 162.23 | +0.123% | $513 | $173K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0246% | 8h | 162.39 | +0.221% | $2.3M | $4.4M | 20x | as long as short |
| Bitget GLWUSDT | +0.0264% | 8h | 162.26 | +0.140% | $2.2M | $817K | 20x | as long as short |
| BloFin GLW-USDT | +0.0395% | 8h | 162.30 | +0.165% | $155K | $36K | 20x | as long as short |
| Extended GLW-USD | +0.0416% | 1h | 162.23 | +0.119% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | +0.0417% | 8h | 162.27 | +0.149% | $10.8M | $21.7M | 20x | as long as short |
Orderly PERP_GLW_USDC_mythos
GRVT GLW_USDT_Perp
OKX GLW-USDT-SWAP
Bitget GLWUSDT
BloFin GLW-USDT
Extended GLW-USD
Binance GLWUSDT