Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.019%

Price spread now: Aster against QFEX+0.081%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.081% dearer against QFEX than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	157.14	0.0060	pay 0.0007% / 1h	57m 47s	$1.1M	$1.7M	10x
Short	Aster GLWUSDT	157.27	0	get 0.0000% / 8h	57m 47s	$40K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$12.57
Price spread: +0.081% → 0.000%: $8.12
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.45
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 min ago; Aster: no order-book sample. Net counts fees only.

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 QFEX live order book, 4 min ago	1.27 bp	9.4 bp −$9	16.4 bp −$164	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1158%	8h	157.11	−0.019%	$2.1M	$927K	20x	as long as short
Gate GLW_USDT	−0.0453%	8h	157.28	+0.089%	$2.2M	$4.4M	50x	as long as short
BloFin GLW-USDT	−0.0006%	8h	157.43	+0.185%	$148K	$39K	20x	as long as short
Aster GLWUSDTshort	0.0000%	8h	157.27	+0.081%	$40K	$1K	20x
Bybit GLWUSDT	0.0000%	8h	156.98	−0.102%	$898K	$236K	25x	as long as short
SunX GLW-USDT	0.0000%	8h	157.37	+0.146%	$1K	$1.7M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	157.65	+0.325%	$16K	$15K	20x	as long as short
Binance GLWUSDT	+0.0005%	8h	157.01	−0.080%	$10.3M	$24.5M	20x	as long as short
Extended GLW-USD	+0.0008%	1h	157.00	−0.086%	$2K	$1K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0036%	8h	157.50	+0.229%	$158	$214K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GLW-USD-PERP	+0.0046%	1h	157.12	−0.013%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	157.23	+0.057%	$279K	$124K	10x	as long as short
QFEX GLW-USDlong	+0.0060%	1h	157.14	long leg	$1.1M	$1.7M	10x
Paragon para:GLW	+0.0060%	1h	156.89	−0.156%	$306K	$41K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	156.94	−0.127%	$315K	$872K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	157.07	−0.045%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0105%	8h	157.08	−0.038%	$2.2M	$4.7M	20x	as long as short