Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.023%

Price spread now: Aster against Paragon+0.238%7-day average — · you sell dearer than you buy

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

Long on Paragon Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.238% dearer against Paragon than usual: you sell high and buy low (spread +0.238% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	156.86	0.0060	pay 0.0008% / 1h	26m 31s	$306K	$41K	10x
Short	Aster GLWUSDT	157.24	0	get 0.0000% / 8h	2h 26m	$40K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paragon. 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 ParagonbpFee AsterbpOrdersPrice spread, now +0.238%Rate

Funding earned: −$12.6
Price spread: +0.238% → 0.000%: $23.81
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$6.79
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Paragon: live order book, 49 min ago; Aster: 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 Paragon live order book, 49 min ago	15.04 bp	20.1 bp −$20	43.7 bp −$437	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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
Bitget GLWUSDT	−0.0878%	8h	157.18	+0.201%	$2.1M	$869K	20x	as long as short
Gate GLW_USDT	−0.0116%	8h	156.84	−0.016%	$2.2M	$4.3M	50x	as long as short
Aster GLWUSDTshort	0.0000%	8h	157.24	+0.238%	$40K	$1K	20x
Bybit GLWUSDT	0.0000%	8h	156.92	+0.035%	$902K	$219K	25x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	157.39	+0.335%	$545	$204K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	156.74	−0.079%	$1K	$1.7M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	157.60	+0.469%	$16K	$16K	20x	as long as short
QFEX GLW-USD	+0.0032%	1h	157.08	+0.137%	$1.1M	$1.8M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	156.98	+0.074%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	157.46	+0.380%	$285K	$117K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:GLWlong	+0.0060%	1h	156.86	long leg	$306K	$41K	10x
BloFin GLW-USDT	+0.0061%	8h	156.79	−0.047%	$146K	$37K	20x	as long as short
Binance GLWUSDT	+0.0070%	8h	156.99	+0.079%	$10.2M	$23.0M	20x	as long as short
Extended GLW-USD	+0.0072%	1h	156.88	+0.007%	$2K	$1K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0077%	8h	157.12	+0.163%	$2.2M	$4.6M	20x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	156.90	+0.023%	$316K	$907K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	156.80	−0.041%	$2K	$2K	10x	as long as short