Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h +0.102%

Price spread now: Binance against QFEX+0.171%53s7-day average +0.054% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.352% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.146%+$15 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.171%, 7d avg +0.054%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.117% dearer against QFEX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.054%. The two prices were read 53 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	QFEX GLW-USD	162.17	0.0078	pay 0.0010% / 1h	23m 39s	$1.1M	$2.0M	10x
Short	Binance GLWUSDT	162.45	0.0338	get 0.0338% / 8h	4h 23m	$10.7M	$21.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.171%Rate

Funding earned: $54.7
Price spread: +0.171% → +0.054%: $11.68
Slippage, 4 orders: −$15.24
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $31.13
Costs to cover: 0.352%
Break-even: 3.0 days

Slippage from QFEX: live order book, 3 min ago; Binance: 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 QFEX live order book, 3 min ago	1.85 bp	9.2 bp −$9	15.6 bp −$156	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.93 bp	9.2 bp −$9	37.5 bp −$375	122.3 bp −$12.2K	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	−0.0370%	1h	162.16	−0.003%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.56	+0.241%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.28	+0.068%	$932K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.23	+0.037%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.09	−0.049%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.16	−0.006%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.24	+0.043%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.12	−0.031%	$303K	$108K	10x	as long as short
QFEX GLW-USDlong	+0.0078%	1h	162.17	long leg	$1.1M	$2.0M	10x
KuCoin GLWUSDTM	+0.0100%	8h	162.32	+0.092%	$327K	$934K	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	162.35	+0.111%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0138%	8h	162.28	+0.066%	$841	$184K	10x	as long as short
Bitget GLWUSDT	+0.0175%	8h	162.38	+0.129%	$2.2M	$851K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0239%	8h	162.48	+0.191%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDTshort	+0.0338%	8h	162.45	+0.171%	$10.7M	$21.8M	20x
Extended GLW-USD	+0.0344%	1h	162.40	+0.140%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0360%	8h	162.14	−0.018%	$155K	$36K	20x	as long as short