Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.020%

Price spread now: SunX against QFEX−0.012%7-day average −0.045% · you buy dearer than you sell

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.012%, 7d avg −0.045%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.033% dearer against QFEX than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.045%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	162.14	0.0052	pay 0.0007% / 1h	46m 03s	$1.1M	$2.3M	10x
Short	SunX GLW-USDT	162.12	0	get 0.0000% / 8h	7h 46m	$1K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$11.02
Price spread: −0.012% → −0.045%: $3.29
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$25.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 6 min ago; SunX: live order book, 10 min ago. 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, 6 min ago	1.24 bp	6.8 bp −$7	12.1 bp −$121	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	500.37 bp	doesn't fit	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
Aster GLWUSDT	0.0000%	8h	162.13	−0.007%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.03	−0.068%	$937K	$192K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.98	−0.099%	$2.2M	$4.2M	50x	as long as short
SunX GLW-USDTshort	0.0000%	8h	162.12	−0.012%	$1K	$1.9M	10x
HTX GLW-USDT	0.0000%	8h	161.91	−0.142%	$17K	$16K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0030%	8h	161.93	−0.129%	$225	$170K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.09	−0.031%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.07	−0.043%	$303K	$109K	10x	as long as short
QFEX GLW-USDlong	+0.0052%	1h	162.14	long leg	$1.1M	$2.3M	10x
Paragon para:GLW	+0.0060%	1h	161.96	−0.111%	$322K	$30K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	161.96	−0.111%	$326K	$1.0M	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	162.08	−0.037%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0258%	8h	162.30	+0.099%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDT	+0.0300%	8h	162.07	−0.043%	$2.2M	$789K	20x	as long as short
Extended GLW-USD	+0.0568%	1h	162.12	−0.014%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0572%	8h	162.11	−0.019%	$11.0M	$21.1M	20x	as long as short
BloFin GLW-USDT	+0.0582%	8h	162.01	−0.080%	$150K	$36K	20x	as long as short