Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h −0.001%

Price spread now: Bitget against QFEX−0.031%7-day average +0.027% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days+0.097%+$10 · spread now −0.031%, 7d avg +0.027%

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

Funding pays, the price is against you. Bitget is 0.058% cheaper against QFEX than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.027%). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$5 a day). At the pace of the last 4 days (+0.009% in total) that is about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	162.34	0.0078	pay 0.0010% / 1h	44m 18s	$1.1M	$2.0M	10x
Short	Bitget GLWUSDT	162.29	0.0233	get 0.0233% / 8h	4h 44m	$2.2M	$851K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.031%Rate

Funding earned: $32.55
Price spread: −0.031% → +0.027%: −$5.81
Slippage, 4 orders: −$32.73
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.99
Costs to cover: 0.547%
Break-even: 13.0 days

Slippage from QFEX: live order book, 3 min ago; Bitget: 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 QFEX live order book, 3 min ago	1.85 bp	9.8 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.47 bp	21.6 bp −$22	30.5 bp −$305	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	−0.0407%	1h	162.10	−0.145%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.58	+0.148%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.28	−0.037%	$931K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.17	−0.105%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.18	−0.099%	$892	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.14	−0.123%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.24	−0.062%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.02	−0.197%	$303K	$108K	10x	as long as short
QFEX GLW-USDlong	+0.0078%	1h	162.34	long leg	$1.1M	$2.0M	10x
KuCoin GLWUSDTM	+0.0100%	8h	162.28	−0.037%	$326K	$939K	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	162.28	−0.037%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0140%	8h	162.13	−0.130%	$447	$179K	10x	as long as short
Bitget GLWUSDTshort	+0.0233%	8h	162.29	−0.031%	$2.2M	$851K	20x
OKX GLW-USDT-SWAP	+0.0247%	8h	162.43	+0.055%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0368%	8h	162.33	−0.006%	$10.7M	$21.9M	20x	as long as short
Extended GLW-USD	+0.0368%	1h	162.36	+0.011%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0393%	8h	162.06	−0.172%	$155K	$36K	20x	as long as short