Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.010%

Price spread now: QFEX against KuCoin+0.095%7-day average +0.070% · 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−$826as in the Price arb table

costs, in and out, $10k−$8298.289% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.095%, 7d avg +0.070%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.025% dearer against KuCoin than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.070%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GLWUSDTM	158.21	0.0100	pay 0.0100% / 8h	2h 10m	$319K	$899K	20x
Short	QFEX GLW-USD	158.36	0.0032	get 0.0004% / 1h	10m 29s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$14.21
Price spread: +0.095% → +0.070%: $2.51
Slippage, 4 orders: −$806.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$840.56
Costs to cover: 8.289%
Break-even: never at this rate

Slippage from KuCoin: live order book, 29 min ago; QFEX: live order book, 1 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 KuCoin live order book, 29 min ago	2.22 bp	372.5 bp −$372	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	1.26 bp	9.9 bp −$10	14.5 bp −$145	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	−0.1011%	8h	158.45	+0.152%	$2.1M	$880K	20x	as long as short
Gate GLW_USDT	−0.0189%	8h	158.36	+0.095%	$2.2M	$4.3M	50x	as long as short
Aster GLWUSDT	0.0000%	8h	158.44	+0.146%	$40K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	158.31	+0.063%	$910K	$222K	25x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	157.50	−0.449%	$225	$206K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	158.34	+0.082%	$937	$1.7M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	157.78	−0.272%	$16K	$16K	20x	as long as short
QFEX GLW-USDshort	+0.0032%	1h	158.36	+0.095%	$1.1M	$1.8M	10x
Vest GLW-USD-PERP	+0.0046%	1h	158.20	−0.006%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	158.06	−0.095%	$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
BloFin GLW-USDT	+0.0051%	8h	158.33	+0.076%	$148K	$38K	20x	as long as short
Paragon para:GLW	+0.0060%	1h	158.19	−0.011%	$308K	$41K	10x	as long as short
Extended GLW-USD	+0.0064%	1h	158.31	+0.066%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0064%	8h	158.43	+0.141%	$10.3M	$23.2M	20x	as long as short
KuCoin GLWUSDTMlong	+0.0100%	8h	158.21	long leg	$319K	$899K	20x
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.39	+0.114%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0109%	8h	158.50	+0.183%	$2.2M	$4.7M	20x	as long as short