Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.023%

Price spread now: Paragon against SunX−0.201%7-day average −0.001% · you buy dearer than you sell

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

Long on SunX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.201%, 7d avg −0.001%

Together, before fees+0.260%+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paragon is 0.201% cheaper against SunX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GLW-USDT	160.76	0	get 0.0000% / 8h	3h 40m	$1K	$1.8M	10x
Short	Paragon para:GLW	160.44	0.0003	get 0.0000% / 1h	40m 27s	$312K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against SunX. 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 SunXbpFee ParagonbpOrdersPrice spread, now −0.201%Rate

Funding earned: $0.56
Price spread: −0.201% → −0.001%: −$20.08
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$37.51
Costs to cover: 0.180%
Break-even: 472.7 days

Slippage unknown: SunX: live order book, 5 min ago; Paragon: live order book, 45 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 SunX live order book, 5 min ago	500.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 45 min ago	14.51 bp	41.5 bp −$41	96.3 bp −$963	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	160.66	−0.064%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	160.57	−0.118%	$921K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	160.43	−0.205%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	160.54	−0.137%	$2.1M	$851K	20x	as long as short
SunX GLW-USDTlong	0.0000%	8h	160.76	long leg	$1K	$1.8M	10x
HTX GLW-USDT	0.0000%	8h	160.91	+0.093%	$16K	$16K	20x	as long as short
Paragon para:GLWshort	+0.0003%	1h	160.44	−0.201%	$312K	$40K	10x
GRVT GLW_USDT_Perp	+0.0042%	8h	161.01	+0.156%	$742	$192K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	160.57	−0.118%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	160.44	−0.199%	$1.1M	$1.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps GLW-USD.P	+0.0050%	1h	160.54	−0.137%	$300K	$108K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	160.52	−0.149%	$324K	$929K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	160.55	−0.131%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0176%	8h	160.62	−0.087%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0222%	8h	160.59	−0.106%	$10.5M	$21.9M	20x	as long as short
Extended GLW-USD	+0.0224%	1h	160.50	−0.161%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0225%	8h	160.57	−0.118%	$152K	$36K	20x	as long as short