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: Bitget against Extended−0.042%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Bitget

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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.042% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GLW-USD	162.15	0.0544	pay 0.0068% / 1h	5m 13s	$2K	$2K	10x
Short	Bitget GLWUSDT	162.08	0.0385	get 0.0385% / 8h	7h 05m	$2.2M	$806K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$33.39
Price spread: −0.042% → 0.000%: −$4.22
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$54.61
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Bitget: live order book, 2 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 Extended no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	4.63 bp	12.8 bp −$13	38.7 bp −$387	doesn't fit	doesn't fit

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	162.13	−0.009%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.02	−0.079%	$934K	$194K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.00	−0.092%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.05	−0.061%	$964	$1.9M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.03	−0.073%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.04	−0.067%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.90	−0.153%	$303K	$109K	10x	as long as short
QFEX GLW-USD	+0.0052%	1h	162.07	−0.048%	$1.2M	$2.3M	10x	as long as short
Paragon para:GLW	+0.0060%	1h	161.95	−0.122%	$322K	$38K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	161.96	−0.116%	$325K	$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	+0.001%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0182%	8h	161.96	−0.116%	$100	$168K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0225%	8h	162.21	+0.038%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDTshort	+0.0385%	8h	162.08	−0.042%	$2.2M	$806K	20x
BloFin GLW-USDT	+0.0529%	8h	162.12	−0.018%	$151K	$36K	20x	as long as short
Extended GLW-USDlong	+0.0544%	1h	162.15	long leg	$2K	$2K	10x
Binance GLWUSDT	+0.0548%	8h	162.21	+0.036%	$10.8M	$21.6M	20x	as long as short