Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.053%

Price spread now: OKX against QFEX+0.105%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−$29as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.047%+$5 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.105%, 7d avg +0.030%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.075% dearer against QFEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	162.14	0.0044	pay 0.0005% / 1h	50m 49s	$1.1M	$2.1M	10x
Short	OKX GLW-USDT-SWAP	162.31	0.0224	get 0.0224% / 8h	5h 50m	$2.3M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $37.85
Price spread: +0.105% → +0.030%: $7.46
Slippage, 4 orders: −$16.18
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $9.13
Costs to cover: 0.362%
Break-even: 5.3 days

Slippage from QFEX: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago	1.85 bp	9.2 bp −$9	16.1 bp −$161	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.16 bp	10.1 bp −$10	23.6 bp −$236	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:GLW	−0.0594%	1h	161.98	−0.097%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.35	+0.127%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.17	+0.019%	$931K	$198K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.09	−0.031%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.03	−0.068%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.26	+0.074%	$17K	$16K	20x	as long as short
QFEX GLW-USDlong	+0.0044%	1h	162.14	long leg	$1.1M	$2.1M	10x
Vest GLW-USD-PERP	+0.0046%	1h	162.05	−0.056%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.90	−0.148%	$303K	$106K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0089%	8h	162.10	−0.025%	$381	$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 GLWUSDTM	+0.0100%	8h	162.09	−0.031%	$326K	$955K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	162.22	+0.049%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAPshort	+0.0224%	8h	162.31	+0.105%	$2.3M	$4.4M	20x
Bitget GLWUSDT	+0.0282%	8h	162.14	0.000%	$2.2M	$816K	20x	as long as short
Binance GLWUSDT	+0.0432%	8h	162.23	+0.057%	$10.7M	$21.6M	20x	as long as short
Extended GLW-USD	+0.0432%	1h	162.19	+0.028%	$2K	$1K	10x	as long as short