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 −0.029%

Price spread now: QFEX against Gate−0.013%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.013%, 7d avg +0.014%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.026% cheaper against Gate than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.014%). If the spread goes back, that is −$3 on $10k: about 42 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GLW_USDT	158.81	0	get 0.0000% / 8h	3h 06m	$2.2M	$4.3M	50x
Short	QFEX GLW-USD	158.79	0.0050	get 0.0006% / 1h	6m 53s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $10.43
Price spread: −0.013% → +0.014%: −$2.62
Slippage, 4 orders: −$25.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$42.62
Costs to cover: 0.504%
Break-even: 35.6 days

Slippage from Gate: live order book, 1 min ago; QFEX: live order book, 5 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, 1 min ago	3.78 bp	16.4 bp −$16	258.6 bp −$2,586	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.89 bp	7.5 bp −$8	14.2 bp −$142	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
Bitget GLWUSDT	−0.0103%	8h	158.99	+0.113%	$2.1M	$871K	20x	as long as short
Aster GLWUSDT	0.0000%	8h	159.16	+0.221%	$40K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	158.99	+0.113%	$912K	$204K	25x	as long as short
Gate GLW_USDTlong	0.0000%	8h	158.81	long leg	$2.2M	$4.3M	50x
GRVT GLW_USDT_Perp	0.0000%	8h	158.75	−0.038%	$303	$199K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	158.79	−0.013%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	158.90	+0.057%	$16K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	158.78	−0.019%	—	—	10x	as long as short
QFEX GLW-USDshort	+0.0050%	1h	158.79	−0.013%	$1.1M	$1.8M	10x
Ondo Perps GLW-USD.P	+0.0050%	1h	158.59	−0.139%	$289K	$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	+0.0060%	1h	158.62	−0.122%	$309K	$41K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	158.83	+0.013%	$320K	$917K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.69	−0.076%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0109%	8h	159.11	+0.189%	$2.2M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0129%	8h	158.86	+0.031%	$150K	$36K	20x	as long as short
Binance GLWUSDT	+0.0142%	8h	159.11	+0.188%	$10.3M	$22.5M	20x	as long as short
Extended GLW-USD	+0.0144%	1h	159.00	+0.121%	$2K	$1K	10x	as long as short