Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.011%

Price spread now: Orderly against QFEX+0.013%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 Orderly

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	157.56	0.0042	pay 0.0005% / 1h	7m 38s	$1.1M	$1.7M	10x
Short	Orderly PERP_GLW_USDC_mythos	157.58	0.0100	get 0.0100% / 8h	7m 38s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.013%Rate

Funding earned: $12.11
Price spread: +0.013% → 0.000%: $1.27
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$2.62
Costs to cover: 0.160%
Break-even: 8.5 days

Slippage unknown: QFEX: live order book, 4 min ago; Orderly: 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	2.54 bp	8.8 bp −$9	13.8 bp −$138	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0884%	8h	157.65	+0.057%	$2.2M	$950K	20x	as long as short
Gate GLW_USDT	−0.0600%	8h	157.60	+0.025%	$2.2M	$4.4M	50x	as long as short
Aster GLWUSDT	0.0000%	8h	157.72	+0.099%	$40K	$1K	20x	as long as short
Extended GLW-USD	0.0000%	1h	157.59	+0.018%	$2K	$1K	10x	as long as short
Binance GLWUSDT	0.0000%	8h	157.62	+0.036%	$10.4M	$24.6M	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	157.59	+0.019%	$899K	$232K	25x	as long as short
SunX GLW-USDT	0.0000%	8h	157.40	−0.102%	$1K	$1.7M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	157.60	+0.025%	$16K	$15K	20x	as long as short
BloFin GLW-USDT	+0.0026%	8h	157.65	+0.057%	$149K	$40K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0033%	8h	157.60	+0.028%	$290	$217K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GLW-USDlong	+0.0042%	1h	157.56	long leg	$1.1M	$1.7M	10x
Vest GLW-USD-PERP	+0.0046%	1h	157.58	+0.013%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	157.44	−0.076%	$280K	$124K	10x	as long as short
Paragon para:GLW	+0.0052%	1h	157.53	−0.021%	$307K	$41K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	157.39	−0.108%	$315K	$848K	20x	as long as short
Orderly PERP_GLW_USDC_mythosshort	+0.0100%	8h	157.58	+0.013%	$2K	$2K	10x
OKX GLW-USDT-SWAP	+0.0112%	8h	157.71	+0.095%	$2.2M	$4.7M	20x	as long as short