Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0090%/8h= +9.8% APRpaid last 24h +0.103%

Price spread now: Binance against Paragon+0.024%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$860.864% of the position

Long on Paragon Short on Binance

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)+0.222%+$22 · spread now +0.024%, 7d avg +0.080%

Together, before fees+0.399%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.056% cheaper against Paragon than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.080%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	159.18	0.0060	pay 0.0008% / 1h	56m 27s	$310K	$41K	10x
Short	Binance GLWUSDT	159.22	0.0150	get 0.0150% / 8h	4h 56m	$10.5M	$27.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paragon. 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 ParagonbpFee BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: $18.86
Price spread: +0.024% → +0.080%: −$5.58
Slippage, 4 orders: −$66.43
Fee Paragon: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$73.15
Costs to cover: 0.864%
Break-even: 34.2 days

Slippage from Paragon: live order book, 42 min ago; Binance: live order book, 8 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 Paragon live order book, 42 min ago	25.47 bp	30.5 bp −$30	74.0 bp −$740	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.57 bp	13.3 bp −$13	32.5 bp −$325	114.0 bp −$11.4K	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
Aster GLWUSDT	0.0000%	8h	159.31	+0.081%	$65K	$53K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.23	+0.029%	$906K	$241K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.14	−0.028%	$2.2M	$4.4M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	159.13	−0.034%	$2.1M	$1.1M	20x	as long as short
SunX GLW-USDT	0.0000%	8h	159.21	+0.016%	$1K	$1.5M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.42	+0.148%	$17K	$27K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.15	−0.021%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.11	−0.047%	$281K	$111K	10x	as long as short
Paragon para:GLWlong	+0.0060%	1h	159.18	long leg	$310K	$41K	10x
QFEX GLW-USD	+0.0080%	1h	159.16	−0.015%	$1.1M	$1.8M	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	159.19	+0.004%	$381K	$873K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.39	+0.129%	$2K	$3K	10x	as long as short
Binance GLWUSDTshort	+0.0150%	8h	159.22	+0.024%	$10.5M	$27.1M	20x
OKX GLW-USDT-SWAP	+0.0151%	8h	159.25	+0.041%	$2.2M	$5.1M	20x	as long as short
Extended GLW-USD	+0.0152%	1h	159.17	−0.006%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0172%	8h	159.53	+0.217%	$152K	$48K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0521%	8h	159.34	+0.098%	$94	$245K	10x	as long as short