Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.057%

Price spread now: Gate against Paragon+0.003%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1281.279% of the position

Long on Paragon Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now +0.003%, 7d avg +0.019%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	161.63	−0.0190	get 0.0024% / 1h	35m 49s	$321K	$38K	10x
Short	Gate GLW_USDT	161.63	0	get 0.0000% / 8h	6h 35m	$2.2M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.003%Rate

Funding earned: $39.98
Price spread: +0.003% → +0.019%: −$1.58
Slippage, 4 orders: −$102.87
Fee Paragon: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.47
Costs to cover: 1.279%
Break-even: 22.7 days

Slippage from Paragon: live order book, 10 min ago; Gate: live order book, 2 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, 10 min ago	12.36 bp	21.2 bp −$21	57.7 bp −$577	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	12.36 bp	40.8 bp −$41	330.6 bp −$3,306	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:GLWlong	−0.0190%	1h	161.63	long leg	$321K	$38K	10x
Aster GLWUSDT	0.0000%	8h	161.88	+0.159%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.63	+0.003%	$928K	$197K	25x	as long as short
Gate GLW_USDTshort	0.0000%	8h	161.63	+0.003%	$2.2M	$4.3M	50x
SunX GLW-USDT	0.0000%	8h	161.56	−0.040%	$868	$1.9M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.83	+0.127%	$17K	$16K	20x	as long as short
QFEX GLW-USD	+0.0034%	1h	161.68	+0.034%	$1.1M	$2.2M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.80	+0.108%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.64	+0.009%	$301K	$105K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0087%	8h	161.73	+0.066%	$789	$168K	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	161.67	+0.028%	$325K	$974K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.74	+0.071%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0186%	8h	161.86	+0.145%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDT	+0.0342%	8h	161.72	+0.059%	$2.2M	$808K	20x	as long as short
Binance GLWUSDT	+0.0495%	8h	161.81	+0.115%	$10.7M	$21.7M	20x	as long as short
Extended GLW-USD	+0.0496%	1h	161.74	+0.069%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0561%	8h	161.82	+0.121%	$152K	$36K	20x	as long as short