Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.023%

Price spread now: Paragon against Aster−0.162%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Paragon is 0.162% cheaper against Aster than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 9.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GLWUSDT	159.21	0	get 0.0000% / 8h	3h 06m	$40K	$1K	20x
Short	Paragon para:GLW	158.95	0.0060	get 0.0008% / 1h	6m 47s	$310K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Aster. 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 AsterbpFee ParagonbpOrdersPrice spread, now −0.162%Rate

Funding earned: $12.6
Price spread: −0.162% → 0.000%: −$16.2
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$21.6
Costs to cover: 0.180%
Break-even: 19.0 days

Slippage unknown: Aster: no order-book sample; Paragon: live order book, 9 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 Aster no order-book sample	—	—	—	—	—
Sell Paragon live order book, 9 min ago	15.04 bp	25.6 bp −$26	57.7 bp −$577	doesn't fit	doesn't fit

Aster: 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	−0.0130%	8h	158.99	−0.138%	$2.1M	$871K	20x	as long as short
Aster GLWUSDTlong	0.0000%	8h	159.21	long leg	$40K	$1K	20x
Bybit GLWUSDT	0.0000%	8h	159.02	−0.120%	$912K	$204K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	158.81	−0.251%	$2.2M	$4.3M	50x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	158.75	−0.289%	$303	$199K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	158.79	−0.264%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	158.90	−0.195%	$16K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	158.78	−0.270%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	158.79	−0.264%	$1.1M	$1.8M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	158.59	−0.390%	$288K	$118K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:GLWshort	+0.0060%	1h	158.95	−0.162%	$310K	$41K	10x
KuCoin GLWUSDTM	+0.0100%	8h	159.08	−0.082%	$321K	$917K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.69	−0.327%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0109%	8h	159.11	−0.063%	$2.2M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0129%	8h	158.86	−0.220%	$150K	$36K	20x	as long as short
Binance GLWUSDT	+0.0141%	8h	159.13	−0.050%	$10.3M	$22.5M	20x	as long as short
Extended GLW-USD	+0.0144%	1h	159.00	−0.131%	$2K	$1K	10x	as long as short