Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0368%/8h= +40.3% APRpaid last 24h +0.037%

Price spread now: KuCoin against Paragon−0.028%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$935as in the Funding arb table

Net, price: spread back to 7d avg − costs−$948as in the Price arb table

costs, in and out, $10k−$9479.474% of the position

Long on Paragon Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.028%, 7d avg −0.025%

Together, before fees+0.223%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$11 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 0.122% in total (about 6.4% 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	161.86	−0.0268	get 0.0033% / 1h	12m 58s	$322K	$38K	10x
Short	KuCoin GLWUSDTM	161.82	0.0100	get 0.0100% / 8h	6h 12m	$326K	$964K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.028%Rate

Funding earned: $77.26
Price spread: −0.028% → −0.025%: −$0.29
Slippage, 4 orders: −$925.39
Fee Paragon: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$870.42
Costs to cover: 9.474%
Break-even: 85.9 days

Slippage from Paragon: live order book, 33 min ago; KuCoin: live order book, 46 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, 33 min ago	12.36 bp	21.2 bp −$21	57.7 bp −$577	doesn't fit	doesn't fit
Sell KuCoin live order book, 46 min ago	2.16 bp	438.1 bp −$438	doesn't fit	doesn't fit	doesn't fit

GLW on 16 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	−0.0268%	1h	161.86	long leg	$322K	$38K	10x
Aster GLWUSDT	0.0000%	8h	161.97	+0.062%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.78	−0.052%	$929K	$197K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.80	−0.040%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	161.80	−0.040%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.05	+0.115%	$17K	$16K	20x	as long as short
QFEX GLW-USD	+0.0034%	1h	161.86	−0.003%	$1.1M	$2.2M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.88	+0.010%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.66	−0.126%	$302K	$105K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0070%	8h	161.97	+0.065%	$332	$171K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTMshort	+0.0100%	8h	161.82	−0.028%	$326K	$964K	20x
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.80	−0.040%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0190%	8h	161.91	+0.028%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDT	+0.0349%	8h	161.77	−0.058%	$2.2M	$814K	20x	as long as short
Extended GLW-USD	+0.0456%	1h	161.74	−0.080%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0459%	8h	161.77	−0.056%	$10.7M	$21.6M	20x	as long as short