Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h −0.030%

Price spread now: QFEX against Gate+0.037%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.037%, 7d avg +0.013%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.024% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GLW_USDT	162.12	0	get 0.0000% / 8h	4h 13m	$2.2M	$4.3M	50x
Short	QFEX GLW-USD	162.18	0.0078	get 0.0010% / 1h	13m 47s	$1.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $16.38
Price spread: +0.037% → +0.013%: $2.41
Slippage, 4 orders: −$25.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$31.77
Costs to cover: 0.506%
Break-even: 20.6 days

Slippage from Gate: live order book, 4 min ago; QFEX: live order book, 3 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 Gate live order book, 4 min ago	6.16 bp	17.6 bp −$18	257.5 bp −$2,575	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.85 bp	7.4 bp −$7	13.0 bp −$130	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
Paragon para:GLW	−0.0371%	1h	162.08	−0.025%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.41	+0.181%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.22	+0.062%	$931K	$200K	25x	as long as short
Gate GLW_USDTlong	0.0000%	8h	162.12	long leg	$2.2M	$4.3M	50x
SunX GLW-USDT	0.0000%	8h	162.18	+0.037%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.28	+0.099%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.20	+0.049%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.19	+0.043%	$303K	$108K	10x	as long as short
QFEX GLW-USDshort	+0.0078%	1h	162.18	+0.037%	$1.1M	$2.0M	10x
KuCoin GLWUSDTM	+0.0100%	8h	162.22	+0.062%	$327K	$931K	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	162.20	+0.049%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0122%	8h	162.36	+0.148%	$813	$185K	10x	as long as short
Bitget GLWUSDT	+0.0161%	8h	162.27	+0.093%	$2.2M	$850K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0232%	8h	162.29	+0.105%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0319%	8h	162.26	+0.086%	$10.7M	$21.8M	20x	as long as short
Extended GLW-USD	+0.0320%	1h	162.22	+0.059%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0342%	8h	162.39	+0.167%	$155K	$36K	20x	as long as short