Funding you earn now, next payment 03:00 UTC−0.0660%/8h= −72.3% APRnext payment −$0.83 per $10,000 · paid last 24h −0.031%
Price spread now: Paragon against QFEX−0.137%7-day average −0.048% · 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−$111as in the Price arb table
costs, in and out, $10k−$1021.016% of the position
Funding, last 4 days (all we have)+0.055%+$5 on $10k
+Price spread, last 4 days (all we have)−0.205%−$21 · spread now −0.137%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Paragon is 0.089% cheaper against QFEX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.048%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.055%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.055% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.83 per $10,000. 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 | 162.25 | 0.0044 | pay 0.0005% / 1h | 29m 26s | $1.1M | $2.1M | 10x |
| Short | Paragon para:GLW | 162.03 | −0.0617 | pay 0.0077% / 1h | 29m 26s | $322K | $37K | 10x |
QFEX GLW-USD
Paragon para:GLWFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paragon against QFEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$138.66
- Price spread: −0.137% → −0.048%
- −$8.94
- Slippage, 4 orders
- −$81.61
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Paragon: 5 bp × 2 orders
- −$10
- Net
- −$249.2
- Costs to cover
- 1.016%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Paragon: live order book, 6 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, 3 min ago | 1.85 bp | 6.8 bp −$7 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Paragon live order book, 6 min ago | 15.13 bp | 59.2 bp −$59 | 173.7 bp −$1,737 | 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:GLWshort | −0.0617% | 1h | 162.03 | −0.137% | $322K | $37K | 10x | |
| Aster GLWUSDT | 0.0000% | 8h | 162.32 | +0.042% | $41K | $1K | 20x | as long as short |
| Bybit GLWUSDT | 0.0000% | 8h | 162.25 | 0.000% | $931K | $198K | 25x | as long as short |
| Gate GLW_USDT | 0.0000% | 8h | 162.19 | −0.037% | $2.2M | $4.3M | 50x | as long as short |
| SunX GLW-USDT | 0.0000% | 8h | 162.22 | −0.018% | $1K | $1.8M | 10x | as long as short |
| HTX GLW-USDT | 0.0000% | 8h | 162.31 | +0.037% | $17K | $16K | 20x | as long as short |
| QFEX GLW-USDlong | +0.0044% | 1h | 162.25 | long leg | $1.1M | $2.1M | 10x | |
| Vest GLW-USD-PERP | +0.0046% | 1h | 162.16 | −0.055% | — | — | 10x | as long as short |
| Ondo Perps GLW-USD.P | +0.0050% | 1h | 162.11 | −0.086% | $304K | $107K | 10x | as long as short |
| KuCoin GLWUSDTM | +0.0100% | 8h | 162.07 | −0.111% | $326K | $946K | 20x | as long as short |
Aster GLWUSDT
Bybit GLWUSDT
Gate GLW_USDT
SunX GLW-USDT
HTX GLW-USDT
Vest GLW-USD-PERP
Ondo Perps GLW-USD.P
KuCoin GLWUSDTMShow 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 | 162.29 | +0.025% | $2K | $2K | 10x | as long as short |
| GRVT GLW_USDT_Perp | +0.0139% | 8h | 162.33 | +0.049% | $513 | $173K | 10x | as long as short |
| OKX GLW-USDT-SWAP | +0.0248% | 8h | 162.38 | +0.080% | $2.3M | $4.4M | 20x | as long as short |
| Bitget GLWUSDT | +0.0266% | 8h | 162.26 | +0.006% | $2.2M | $817K | 20x | as long as short |
| BloFin GLW-USDT | +0.0395% | 8h | 162.30 | +0.031% | $155K | $36K | 20x | as long as short |
| Extended GLW-USD | +0.0416% | 1h | 162.23 | −0.011% | $2K | $1K | 10x | as long as short |
| Binance GLWUSDT | +0.0417% | 8h | 162.29 | +0.025% | $10.8M | $21.7M | 20x | as long as short |
Orderly PERP_GLW_USDC_mythos
GRVT GLW_USDT_Perp
OKX GLW-USDT-SWAP
Bitget GLWUSDT
BloFin GLW-USDT
Extended GLW-USD
Binance GLWUSDT