Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.053%

Price spread now: OKX against QFEX+0.031%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−$39as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.047%+$5 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.031%, 7d avg +0.030%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.047% in total (about 5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	161.89	0.0052	pay 0.0007% / 1h	25m 40s	$1.1M	$2.3M	10x
Short	OKX GLW-USDT-SWAP	161.94	0.0246	get 0.0246% / 8h	7h 25m	$2.3M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $40.68
Price spread: +0.031% → +0.030%: $0.08
Slippage, 4 orders: −$19.07
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $1.69
Costs to cover: 0.391%
Break-even: 6.7 days

Slippage from QFEX: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	1.54 bp	7.1 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.85 bp	12.9 bp −$13	31.3 bp −$313	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
Aster GLWUSDT	0.0000%	8h	162.02	+0.082%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.90	+0.006%	$934K	$194K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.80	−0.056%	$2.2M	$4.3M	50x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	161.46	−0.267%	$168	$170K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	161.88	−0.006%	$693	$1.9M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.02	+0.080%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.97	+0.049%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.75	−0.086%	$303K	$109K	10x	as long as short
QFEX GLW-USDlong	+0.0052%	1h	161.89	long leg	$1.1M	$2.3M	10x
Paragon para:GLW	+0.0060%	1h	161.81	−0.046%	$332K	$33K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	161.79	−0.062%	$326K	$998K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.97	+0.049%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAPshort	+0.0246%	8h	161.94	+0.031%	$2.3M	$4.4M	20x
Bitget GLWUSDT	+0.0332%	8h	161.93	+0.025%	$2.2M	$804K	20x	as long as short
BloFin GLW-USDT	+0.0527%	8h	162.05	+0.099%	$151K	$35K	20x	as long as short
Binance GLWUSDT	+0.0550%	8h	161.89	0.000%	$10.9M	$21.5M	20x	as long as short
Extended GLW-USD	+0.0552%	1h	161.85	−0.022%	$2K	$2K	10x	as long as short