Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.020%

Price spread now: QFEX against Aster−0.165%7-day average — · you buy dearer than you sell

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

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. QFEX is 0.165% cheaper against Aster than usual: you would sell low and buy high (spread −0.165% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 11 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GLWUSDT	159.40	0	get 0.0000% / 8h	3h 18m	$41K	$1K	20x
Short	QFEX GLW-USD	159.14	0.0050	get 0.0006% / 1h	18m 18s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.165%Rate

Funding earned: $10.43
Price spread: −0.165% → 0.000%: −$16.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$24.05
Costs to cover: 0.180%
Break-even: 23.1 days

Slippage unknown: Aster: no order-book sample; QFEX: live order book, 4 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 Aster no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	2.19 bp	7.8 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 GLWUSDTlong	0.0000%	8h	159.40	long leg	$41K	$1K	20x
Bybit GLWUSDT	0.0000%	8h	159.20	−0.127%	$914K	$202K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.06	−0.215%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	159.20	−0.127%	$2.1M	$867K	20x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	159.55	+0.091%	$185	$197K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	159.13	−0.171%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.38	−0.014%	$16K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.20	−0.127%	—	—	10x	as long as short
QFEX GLW-USDshort	+0.0050%	1h	159.14	−0.165%	$1.1M	$1.8M	10x
Ondo Perps GLW-USD.P	+0.0050%	1h	159.16	−0.152%	$290K	$118K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:GLW	+0.0057%	1h	159.17	−0.144%	$310K	$41K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	159.21	−0.121%	$321K	$922K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.20	−0.127%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0123%	8h	159.24	−0.102%	$2.2M	$4.4M	20x	as long as short
Extended GLW-USD	+0.0160%	1h	159.16	−0.154%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0162%	8h	159.21	−0.123%	$10.4M	$22.3M	20x	as long as short
BloFin GLW-USDT	+0.0170%	8h	159.58	+0.111%	$150K	$36K	20x	as long as short