Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.030%

Price spread now: Gate against QFEX+0.025%7-day average −0.014% · 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−$54as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.025%, 7d avg −0.014%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.039% dearer against QFEX than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.014%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	159.23	0.0032	pay 0.0004% / 1h	53m 17s	$1.1M	$1.8M	10x
Short	Gate GLW_USDT	159.27	0	get 0.0000% / 8h	2h 53m	$2.2M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.025%Rate

Funding earned: −$6.79
Price spread: +0.025% → −0.014%: $3.88
Slippage, 4 orders: −$32.6
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.51
Costs to cover: 0.576%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Gate: live order book, 5 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	1.26 bp	9.3 bp −$9	16.6 bp −$166	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.24 bp	21.7 bp −$22	192.0 bp −$1,920	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
Bitget GLWUSDT	−0.0331%	8h	159.23	0.000%	$2.1M	$822K	20x	as long as short
Aster GLWUSDT	0.0000%	8h	159.25	+0.012%	$40K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.15	−0.050%	$913K	$213K	25x	as long as short
Gate GLW_USDTshort	0.0000%	8h	159.27	+0.025%	$2.2M	$4.3M	50x
GRVT GLW_USDT_Perp	0.0000%	8h	159.06	−0.104%	$65	$200K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	159.16	−0.044%	$1K	$1.7M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.36	+0.082%	$16K	$16K	20x	as long as short
QFEX GLW-USDlong	+0.0032%	1h	159.23	long leg	$1.1M	$1.8M	10x
Vest GLW-USD-PERP	+0.0046%	1h	159.12	−0.069%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.15	−0.050%	$289K	$117K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:GLW	+0.0060%	1h	158.95	−0.176%	$310K	$41K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0094%	8h	159.28	+0.031%	$2.2M	$4.5M	20x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	159.10	−0.082%	$320K	$915K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.19	−0.025%	$2K	$2K	10x	as long as short
BloFin GLW-USDT	+0.0109%	8h	159.31	+0.050%	$149K	$37K	20x	as long as short
Extended GLW-USD	+0.0120%	1h	159.26	+0.021%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0121%	8h	159.31	+0.052%	$10.3M	$22.6M	20x	as long as short