GLW

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h +0.041%

Price spread now: QFEX against Paragon−0.100%7-day average +0.058% · 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−$95as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on Paragon Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.269%+$27 · spread now −0.100%, 7d avg +0.058%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.158% cheaper against Paragon than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.058%). If the spread goes back, that is −$16 on $10k: about 26 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	158.53	0.0060	pay 0.0008% / 1h	49m 02s	$308K	$41K	10x
Short	QFEX GLW-USD	158.37	0.0080	get 0.0010% / 1h	49m 02s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $4.2
Price spread: −0.100% → +0.058%: −$15.8
Slippage, 4 orders: −$59
Fee Paragon: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$90.59
Costs to cover: 0.790%
Break-even: 158.0 days

Slippage from Paragon: live order book, 49 min ago; QFEX: live order book, 6 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, 49 min ago	25.47 bp	30.5 bp −$30	74.0 bp −$740	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.26 bp	8.7 bp −$9	17.2 bp −$172	doesn't fit	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	158.56	+0.019%	$64K	$53K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	158.23	−0.188%	$903K	$242K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	158.30	−0.144%	$2.2M	$4.4M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	158.28	−0.156%	$2.1M	$1.1M	20x	as long as short
SunX GLW-USDT	0.0000%	8h	158.16	−0.232%	$1K	$1.5M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.01	+0.304%	$17K	$27K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	158.63	+0.064%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	158.23	−0.188%	$280K	$111K	10x	as long as short
Paragon para:GLWlong	+0.0060%	1h	158.53	long leg	$308K	$41K	10x
QFEX GLW-USDshort	+0.0080%	1h	158.37	−0.100%	$1.1M	$1.8M	10x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	158.37	−0.100%	$380K	$872K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.30	−0.144%	$2K	$3K	10x	as long as short
Binance GLWUSDT	+0.0127%	8h	158.37	−0.100%	$10.4M	$27.2M	20x	as long as short
Extended GLW-USD	+0.0128%	1h	158.19	−0.215%	$2K	$1K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0130%	8h	158.42	−0.068%	$2.2M	$5.2M	20x	as long as short
BloFin GLW-USDT	+0.0160%	8h	158.40	−0.081%	$151K	$48K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0443%	8h	159.01	+0.304%	$197	$247K	10x	as long as short