Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.103%

Price spread now: Paragon against Binance−0.043%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$810.806% of the position

Long on Binance Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now −0.043%, 7d avg −0.080%

Together, before fees−0.380%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Paragon is 0.037% dearer against Binance than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.080%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GLWUSDT	159.29	0.0148	pay 0.0148% / 8h	5h 44m	$10.5M	$26.8M	20x
Short	Paragon para:GLW	159.22	0.0060	get 0.0008% / 1h	44m 08s	$310K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Binance. 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 BinancebpFee ParagonbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$18.51
Price spread: −0.043% → −0.080%: $3.72
Slippage, 4 orders: −$60.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$95.4
Costs to cover: 0.806%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Paragon: live order book, 58 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 Binance live order book, 5 min ago	1.57 bp	14.1 bp −$14	39.8 bp −$398	133.6 bp −$13.4K	doesn't fit
Sell Paragon live order book, 58 min ago	18.71 bp	24.9 bp −$25	48.5 bp −$485	doesn't fit	doesn't fit

GLW on 17 exchanges

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	−0.0024%	8h	159.25	−0.024%	$2.1M	$1.1M	20x	as long as short
Aster GLWUSDT	0.0000%	8h	159.03	−0.160%	$65K	$53K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.34	+0.032%	$906K	$241K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.16	−0.081%	$2.2M	$4.4M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	159.24	−0.030%	$1K	$1.6M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.06	−0.143%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.04	−0.156%	$281K	$111K	10x	as long as short
QFEX GLW-USD	+0.0059%	1h	159.12	−0.106%	$1.1M	$1.8M	10x	as long as short
Paragon para:GLWshort	+0.0060%	1h	159.22	−0.043%	$310K	$41K	10x
KuCoin GLWUSDTM	+0.0100%	8h	158.98	−0.194%	$378K	$864K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.11	−0.112%	$2K	$3K	10x	as long as short
Binance GLWUSDTlong	+0.0148%	8h	159.29	long leg	$10.5M	$26.8M	20x
BloFin GLW-USDT	+0.0148%	8h	159.12	−0.106%	$150K	$45K	20x	as long as short
Extended GLW-USD	+0.0152%	1h	158.99	−0.189%	$2K	$1K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0184%	8h	159.41	+0.076%	$2.2M	$5.1M	20x	as long as short
HTX GLW-USDT	+0.0186%	8h	159.47	+0.114%	$17K	$22K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0801%	8h	159.44	+0.095%	$48	$236K	10x	as long as short