Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.067%

Price spread now: Bybit against Gate+0.100%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1081.082% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.100%, 7d avg 0.000%

Together, before fees−0.329%−$33 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: Bybit is 0.101% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GLW_USDT	159.31	0	get 0.0000% / 8h	1h 47m	$2.2M	$4.1M	50x
Short	Bybit GLWUSDT	159.47	0	get 0.0000% / 8h	1h 47m	$914K	$216K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → 0.000%: $10.05
Slippage, 4 orders: −$82.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$98.16
Costs to cover: 1.082%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 32 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 Gate live order book, 5 min ago	8.47 bp	22.7 bp −$23	159.1 bp −$1,591	doesn't fit	doesn't fit
Sell Bybit live order book, 32 min ago	11.30 bp	39.8 bp −$40	190.2 bp −$1,902	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:GLW	−0.0022%	1h	159.37	+0.035%	$317K	$27K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	159.48	+0.105%	$41K	$1K	20x	as long as short
Bybit GLWUSDTshort	0.0000%	8h	159.47	+0.100%	$914K	$216K	25x
Gate GLW_USDTlong	0.0000%	8h	159.31	long leg	$2.2M	$4.1M	50x
Bitget GLWUSDT	0.0000%	8h	159.42	+0.069%	$2.2M	$868K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	159.48	+0.107%	$786	$2.0M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.48	+0.107%	$16K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.33	+0.013%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	159.33	+0.013%	$1.1M	$2.1M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.25	−0.038%	$299K	$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	159.46	+0.094%	$317K	$981K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.46	+0.094%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0110%	8h	159.46	+0.094%	$2.3M	$4.4M	20x	as long as short
Extended GLW-USD	+0.0192%	1h	159.46	+0.094%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0199%	8h	159.49	+0.116%	$10.8M	$21.0M	20x	as long as short
BloFin GLW-USDT	+0.0211%	8h	159.48	+0.107%	$151K	$33K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0319%	8h	159.48	+0.108%	$53	$189K	10x	as long as short