Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.007%

Price spread now: Bybit against QFEX+0.006%7-day average −0.030% · 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−$65as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.103%−$10 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.006%, 7d avg −0.030%

Together, before fees−0.217%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.037% dearer against QFEX than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.030%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	160.51	0.0065	pay 0.0008% / 1h	43m 17s	$1.1M	$2.2M	10x
Short	Bybit GLWUSDT	160.52	0	get 0.0000% / 8h	43m 17s	$915K	$218K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$13.64
Price spread: +0.006% → −0.030%: $3.66
Slippage, 4 orders: −$47.58
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$78.56
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Bybit: live order book, 32 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, 4 min ago	1.25 bp	6.2 bp −$6	11.9 bp −$119	doesn't fit	doesn't fit
Sell Bybit live order book, 32 min ago	3.75 bp	31.9 bp −$32	192.5 bp −$1,925	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	−0.0094%	1h	160.44	−0.042%	$319K	$27K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	160.49	−0.013%	$41K	$1K	20x	as long as short
Bybit GLWUSDTshort	0.0000%	8h	160.52	+0.006%	$915K	$218K	25x
Gate GLW_USDT	0.0000%	8h	160.50	−0.006%	$2.2M	$4.2M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	160.57	+0.037%	$1K	$2.0M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.05	+0.336%	$17K	$16K	20x	as long as short
Bitget GLWUSDT	+0.0007%	8h	160.68	+0.106%	$2.2M	$898K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	160.38	−0.081%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	160.38	−0.081%	$302K	$86K	10x	as long as short
QFEX GLW-USDlong	+0.0065%	1h	160.51	long leg	$1.1M	$2.2M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	160.53	+0.012%	$322K	$988K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	160.60	+0.056%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0224%	8h	160.75	+0.150%	$2.3M	$4.5M	20x	as long as short
BloFin GLW-USDT	+0.0395%	8h	160.69	+0.112%	$150K	$33K	20x	as long as short
Extended GLW-USD	+0.0416%	1h	160.62	+0.070%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0418%	8h	160.65	+0.087%	$10.9M	$20.8M	20x	as long as short
GRVT GLW_USDT_Perp	+0.0494%	8h	160.66	+0.095%	$548	$175K	10x	as long as short