Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.020%

Price spread now: Bybit against QFEX0.000%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.105%−$11 on $10k

Price spread, last 4 days (all we have)−0.279%−$28 · spread now 0.000%, 7d avg −0.030%

Together, before fees−0.384%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.030% dearer against QFEX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.030%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 4 days (−0.105% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	162.29	0.0044	pay 0.0005% / 1h	3m 30s	$1.1M	$2.1M	10x
Short	Bybit GLWUSDT	162.29	0	get 0.0000% / 8h	5h 03m	$932K	$199K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$9.16
Price spread: 0.000% → −0.030%: $3.05
Slippage, 4 orders: −$36.26
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$63.37
Costs to cover: 0.573%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Bybit: live order book, 57 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 QFEX live order book, 4 min ago	1.23 bp	7.4 bp −$7	12.1 bp −$121	doesn't fit	doesn't fit
Sell Bybit live order book, 57 min ago	4.33 bp	21.2 bp −$21	179.6 bp −$1,796	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:GLW	−0.0667%	1h	162.17	−0.072%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.54	+0.157%	$41K	$1K	20x	as long as short
Bybit GLWUSDTshort	0.0000%	8h	162.29	0.000%	$932K	$199K	25x
Gate GLW_USDT	0.0000%	8h	162.24	−0.031%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.38	+0.055%	$578	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.42	+0.080%	$17K	$16K	20x	as long as short
QFEX GLW-USDlong	+0.0044%	1h	162.29	long leg	$1.1M	$2.1M	10x
Vest GLW-USD-PERP	+0.0046%	1h	162.36	+0.043%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.17	−0.074%	$305K	$109K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	162.32	+0.018%	$327K	$938K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	162.35	+0.037%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0204%	8h	162.48	+0.116%	$200	$177K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0262%	8h	162.41	+0.074%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDT	+0.0306%	8h	162.35	+0.037%	$2.2M	$839K	20x	as long as short
Binance GLWUSDT	+0.0414%	8h	162.38	+0.053%	$10.7M	$21.9M	20x	as long as short
Extended GLW-USD	+0.0416%	1h	162.31	+0.010%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0441%	8h	162.45	+0.099%	$111K	$36K	20x	as long as short