Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.010%

Price spread now: KuCoin against QFEX−0.139%7-day average −0.070% · 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−$836as in the Price arb table

costs, in and out, $10k−$8298.286% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.139%, 7d avg −0.070%

Together, before fees+0.165%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.069% cheaper against QFEX than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.070%). If the spread goes back, that is −$7 on $10k: about 3.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	158.61	0.0032	pay 0.0004% / 1h	5m 29s	$1.1M	$1.8M	10x
Short	KuCoin GLWUSDTM	158.39	0.0100	get 0.0100% / 8h	2h 05m	$319K	$896K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.139%Rate

Funding earned: $14.21
Price spread: −0.139% → −0.070%: −$6.9
Slippage, 4 orders: −$806.62
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$821.3
Costs to cover: 8.286%
Break-even: 411.5 days

Slippage from QFEX: live order book, 1 min ago; KuCoin: live order book, 34 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, 1 min ago	1.58 bp	8.9 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell KuCoin live order book, 34 min ago	2.22 bp	439.6 bp −$440	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
Bitget GLWUSDT	−0.0950%	8h	158.64	+0.019%	$2.2M	$881K	20x	as long as short
Gate GLW_USDT	−0.0200%	8h	158.50	−0.069%	$2.2M	$4.4M	50x	as long as short
Aster GLWUSDT	0.0000%	8h	158.62	+0.004%	$40K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	158.51	−0.063%	$914K	$224K	25x	as long as short
SunX GLW-USDT	0.0000%	8h	158.45	−0.101%	$948	$1.7M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	158.52	−0.057%	$16K	$16K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0027%	8h	158.55	−0.038%	$680	$207K	10x	as long as short
QFEX GLW-USDlong	+0.0032%	1h	158.61	long leg	$1.1M	$1.8M	10x
BloFin GLW-USDT	+0.0040%	8h	158.54	−0.044%	$147K	$38K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	158.40	−0.132%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps GLW-USD.P	+0.0050%	1h	158.30	−0.195%	$289K	$118K	10x	as long as short
Paragon para:GLW	+0.0060%	1h	158.38	−0.147%	$308K	$41K	10x	as long as short
Binance GLWUSDT	+0.0070%	8h	158.61	+0.002%	$10.4M	$23.4M	20x	as long as short
Extended GLW-USD	+0.0072%	1h	158.57	−0.025%	$2K	$1K	10x	as long as short
KuCoin GLWUSDTMshort	+0.0100%	8h	158.39	−0.139%	$319K	$896K	20x
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.47	−0.088%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0121%	8h	158.71	+0.063%	$2.2M	$4.7M	20x	as long as short