Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.093%

Price spread now: Extended against Bitget+0.061%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.061% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GLWUSDT	162.05	0.0385	pay 0.0385% / 8h	7h 05m	$2.2M	$806K	20x
Short	Extended GLW-USD	162.15	0.0544	get 0.0068% / 1h	5m 24s	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now +0.061%Rate

Funding earned: $33.39
Price spread: +0.061% → 0.000%: $6.07
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $22.46
Costs to cover: 0.170%
Break-even: 2.3 days

Slippage unknown: Bitget: live order book, 2 min ago; Extended: 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 Bitget live order book, 2 min ago	4.63 bp	18.1 bp −$18	35.3 bp −$353	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
Aster GLWUSDT	0.0000%	8h	162.11	+0.037%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.00	−0.031%	$934K	$194K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.92	−0.080%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.05	0.000%	$964	$1.9M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.03	−0.012%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.04	−0.006%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.90	−0.093%	$303K	$109K	10x	as long as short
QFEX GLW-USD	+0.0052%	1h	162.07	+0.012%	$1.2M	$2.3M	10x	as long as short
Paragon para:GLW	+0.0060%	1h	161.95	−0.062%	$322K	$38K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	161.95	−0.062%	$326K	$988K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	162.15	+0.062%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0182%	8h	161.96	−0.056%	$100	$168K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0225%	8h	162.21	+0.099%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDTlong	+0.0385%	8h	162.05	long leg	$2.2M	$806K	20x
BloFin GLW-USDT	+0.0538%	8h	162.09	+0.025%	$151K	$36K	20x	as long as short
Extended GLW-USDshort	+0.0544%	1h	162.15	+0.061%	$2K	$2K	10x
Binance GLWUSDT	+0.0548%	8h	162.19	+0.086%	$10.8M	$21.6M	20x	as long as short