Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h +0.042%

Price spread now: GRVT against QFEX−0.012%117s7-day average +0.047% · 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—prices read too far apart to compare

costs, in and out, $10k−$560.555% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.106%+$11 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.012%, 7d avg +0.047%

Together, before fees+0.258%+ Points / potential airdropGRVT: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.059% cheaper against QFEX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.047%). If the spread goes back, that is −$6 on $10k: about 29 hours of funding at the current rate (+$5 a day). The two prices were read 117 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	161.86	0.0034	pay 0.0004% / 1h	43m 34s	$1.1M	$2.2M	10x
Short	GRVT GLW_USDT_Perp	161.84	0.0200	get 0.0200% / 8h	6h 43m	$555	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.012%Rate

Funding earned: $34.86
Price spread: −0.012% → +0.047%: −$5.93
Slippage, 4 orders: −$36.54
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$26.6
Costs to cover: 0.555%
Break-even: 12.3 days

Slippage from QFEX: live order book, 4 min ago; GRVT: live order book, 19 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	1.85 bp	9.2 bp −$9	14.6 bp −$146	doesn't fit	doesn't fit
Sell GRVT live order book, 19 min ago	2.16 bp	13.8 bp −$14	doesn't fit	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	−0.0068%	1h	161.78	−0.049%	$321K	$38K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.05	+0.117%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.85	−0.006%	$930K	$196K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.73	−0.080%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	161.84	−0.012%	$1K	$1.9M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.94	+0.049%	$17K	$16K	20x	as long as short
QFEX GLW-USDlong	+0.0034%	1h	161.86	long leg	$1.1M	$2.2M	10x
Vest GLW-USD-PERP	+0.0046%	1h	161.91	+0.031%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.78	−0.049%	$302K	$105K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	161.79	−0.043%	$325K	$978K	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	161.95	+0.056%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0190%	8h	161.99	+0.080%	$2.3M	$4.4M	20x	as long as short
GRVT GLW_USDT_Perpshort	+0.0200%	8h	161.84	−0.012%	$555	$168K	10x
Bitget GLWUSDT	+0.0358%	8h	161.87	+0.006%	$2.2M	$794K	20x	as long as short
Binance GLWUSDT	+0.0516%	8h	161.88	+0.014%	$10.7M	$21.6M	20x	as long as short
Extended GLW-USD	+0.0520%	1h	161.84	−0.013%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0561%	8h	161.82	−0.025%	$152K	$36K	20x	as long as short