Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0357%/8h= −39.1% APRpaid last 24h −0.093%

Price spread now: Bitget against Extended−0.058%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.058% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GLW-USD	161.68	0.0584	pay 0.0073% / 1h	52m 49s	$2K	$2K	10x
Short	Bitget GLWUSDT	161.59	0.0227	get 0.0227% / 8h	7h 52m	$2.2M	$817K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$74.97
Price spread: −0.058% → 0.000%: −$5.83
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$97.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bitget: 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 Extended no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	3.09 bp	23.5 bp −$24	92.3 bp −$923	doesn't fit	doesn't fit

Extended: 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 GLWUSDT	0.0000%	8h	161.83	+0.088%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.67	−0.009%	$936K	$193K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.48	−0.126%	$2.2M	$4.2M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	161.61	−0.046%	$999	$1.9M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.75	+0.041%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.70	+0.010%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.59	−0.058%	$301K	$109K	10x	as long as short
QFEX GLW-USD	+0.0052%	1h	161.64	−0.027%	$1.1M	$2.3M	10x	as long as short
Paragon para:GLW	+0.0060%	1h	161.60	−0.052%	$321K	$30K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	161.65	−0.021%	$326K	$1.0M	20x	as long as short

Show 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	161.72	+0.022%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0209%	8h	161.51	−0.108%	$102	$172K	10x	as long as short
Bitget GLWUSDTshort	+0.0227%	8h	161.59	−0.058%	$2.2M	$817K	20x
OKX GLW-USDT-SWAP	+0.0254%	8h	161.66	−0.015%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0582%	8h	161.69	+0.004%	$150K	$36K	20x	as long as short
Binance GLWUSDT	+0.0582%	8h	161.71	+0.017%	$11.1M	$21.2M	20x	as long as short
Extended GLW-USDlong	+0.0584%	1h	161.68	long leg	$2K	$2K	10x