Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.065%

Price spread now: Paragon against SunX−0.038%7-day average +0.008% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.045%+$4 · spread now −0.038%, 7d avg +0.008%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paragon is 0.045% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GLW-USDT	159.19	0	get 0.0000% / 8h	2h 00m	$1K	$2.0M	10x
Short	Paragon para:GLW	159.13	−0.0007	pay 0.0001% / 1h	0m 25s	$316K	$27K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against SunX. 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 SunXbpFee ParagonbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$1.46
Price spread: −0.038% → +0.008%: −$4.52
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$23.98
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; Paragon: live order book, 15 min ago. Net counts fees only.

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 SunX live order book, 6 min ago	500.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 15 min ago	12.55 bp	39.2 bp −$39	59.5 bp −$595	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	−0.0007%	1h	159.13	−0.038%	$316K	$27K	10x
Aster GLWUSDT	0.0000%	8h	159.35	+0.098%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.25	+0.038%	$913K	$216K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.11	−0.050%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	159.15	−0.025%	$2.1M	$868K	20x	as long as short
SunX GLW-USDTlong	0.0000%	8h	159.19	long leg	$1K	$2.0M	10x
HTX GLW-USDT	0.0000%	8h	159.31	+0.075%	$16K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.24	+0.031%	—	—	10x	as long as short
QFEX GLW-USD	+0.0048%	1h	159.25	+0.038%	$1.1M	$2.1M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.19	0.000%	$298K	$85K	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	159.14	−0.031%	$317K	$987K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.23	+0.025%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0103%	8h	159.30	+0.069%	$2.3M	$4.4M	20x	as long as short
Extended GLW-USD	+0.0168%	1h	159.27	+0.051%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0170%	8h	159.29	+0.063%	$10.8M	$21.0M	20x	as long as short
BloFin GLW-USDT	+0.0184%	8h	159.27	+0.050%	$151K	$33K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0305%	8h	159.31	+0.075%	$634	$190K	10x	as long as short