Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.138%

Price spread now: Paragon against BloFin−0.062%89s7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.739% of the position

Long on BloFin Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.062%, 7d avg −0.073%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GLW-USDT	157.81	0.0013	pay 0.0013% / 8h	31m 45s	$149K	$40K	20x
Short	Paragon para:GLW	157.71	0.0024	get 0.0003% / 1h	31m 45s	$307K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against BloFin. 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 BloFinbpFee ParagonbpOrdersPrice spread, now −0.062%Rate

Funding earned: $2.13
Price spread: −0.062% → −0.073%: $1.12
Slippage, 4 orders: −$51.92
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$70.67
Costs to cover: 0.739%
Break-even: 239.6 days

Slippage from BloFin: live order book, 38 min ago; Paragon: live order book, 24 min ago.

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 BloFin live order book, 38 min ago	1.27 bp	10.8 bp −$11	21.7 bp −$217	doesn't fit	doesn't fit
Sell Paragon live order book, 24 min ago	15.31 bp	28.4 bp −$28	53.2 bp −$532	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
Bitget GLWUSDT	−0.0957%	8h	157.88	+0.044%	$2.1M	$939K	20x	as long as short
Gate GLW_USDT	−0.0534%	8h	157.68	−0.082%	$2.2M	$4.4M	50x	as long as short
Aster GLWUSDT	0.0000%	8h	158.44	+0.402%	$40K	$1K	20x	as long as short
Extended GLW-USD	0.0000%	1h	157.78	−0.020%	$2K	$1K	10x	as long as short
Binance GLWUSDT	0.0000%	8h	157.86	+0.033%	$10.4M	$24.6M	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	157.77	−0.025%	$900K	$238K	25x	as long as short
SunX GLW-USDT	0.0000%	8h	157.62	−0.120%	$1K	$1.7M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	157.74	−0.044%	$16K	$15K	20x	as long as short
BloFin GLW-USDTlong	+0.0013%	8h	157.81	long leg	$149K	$40K	20x
Paragon para:GLWshort	+0.0024%	1h	157.71	−0.062%	$307K	$41K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GLW_USDT_Perp	+0.0035%	8h	157.81	−0.001%	$453	$215K	10x	as long as short
QFEX GLW-USD	+0.0042%	1h	157.73	−0.051%	$1.1M	$1.7M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	157.63	−0.114%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	157.61	−0.127%	$279K	$123K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	157.53	−0.177%	$315K	$865K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	157.72	−0.057%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0100%	8h	157.91	+0.063%	$2.2M	$4.8M	20x	as long as short