Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.010%

Price spread now: KuCoin against QFEX+0.012%7-day average −0.071% · 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−$791as in the Price arb table

costs, in and out, $10k−$8007.997% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.012%, 7d avg −0.071%

Together, before fees+0.075%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.083% dearer against QFEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	162.26	0.0078	pay 0.0010% / 1h	33m 37s	$1.1M	$2.0M	10x
Short	KuCoin GLWUSDTM	162.28	0.0100	get 0.0100% / 8h	4h 33m	$327K	$936K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.012%Rate

Funding earned: $4.62
Price spread: +0.012% → −0.071%: $8.3
Slippage, 4 orders: −$777.68
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$786.76
Costs to cover: 7.997%
Break-even: 1199.1 days

Slippage from QFEX: live order book, 3 min ago; KuCoin: live order book, 16 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, 3 min ago	1.54 bp	8.9 bp −$9	14.5 bp −$145	doesn't fit	doesn't fit
Sell KuCoin live order book, 16 min ago	2.16 bp	393.2 bp −$393	doesn't fit	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	−0.0393%	1h	162.13	−0.080%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.45	+0.119%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.20	−0.037%	$930K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.16	−0.062%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.20	−0.037%	$986	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.32	+0.037%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.25	−0.006%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.18	−0.049%	$303K	$108K	10x	as long as short
QFEX GLW-USDlong	+0.0078%	1h	162.26	long leg	$1.1M	$2.0M	10x
KuCoin GLWUSDTMshort	+0.0100%	8h	162.28	+0.012%	$327K	$936K	20x

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	162.28	+0.012%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0139%	8h	162.35	+0.055%	$315	$182K	10x	as long as short
Bitget GLWUSDT	+0.0203%	8h	162.29	+0.018%	$2.2M	$848K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0242%	8h	162.30	+0.025%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0337%	8h	162.31	+0.031%	$155K	$36K	20x	as long as short
Extended GLW-USD	+0.0352%	1h	162.24	−0.011%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0353%	8h	162.29	+0.018%	$10.7M	$21.9M	20x	as long as short