Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.042%

Price spread now: Bitget against Paragon+0.197%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1001.002% of the position

Long on Paragon Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.197%, 7d avg +0.061%

Together, before fees−0.045%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.136% dearer against Paragon than usual: you sell high and buy low (spread +0.197% now, against its 7-day average of +0.061%): +$14 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 45 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	159.46	0.0010	pay 0.0001% / 1h	23m 38s	$317K	$27K	10x
Short	Bitget GLWUSDT	159.77	0	get 0.0000% / 8h	1h 23m	$2.2M	$860K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.197%Rate

Funding earned: −$2.1
Price spread: +0.197% → +0.061%: $13.61
Slippage, 4 orders: −$78.19
Fee Paragon: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$88.68
Costs to cover: 1.002%
Break-even: never at this rate

Slippage from Paragon: live order book, 52 min ago; Bitget: 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 Paragon live order book, 52 min ago	12.55 bp	17.6 bp −$18	31.6 bp −$316	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.50 bp	27.8 bp −$28	37.0 bp −$370	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
Aster GLWUSDT	0.0000%	8h	159.71	+0.160%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.77	+0.197%	$916K	$215K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.63	+0.110%	$2.2M	$4.1M	50x	as long as short
Bitget GLWUSDTshort	0.0000%	8h	159.77	+0.197%	$2.2M	$860K	20x
SunX GLW-USDT	0.0000%	8h	159.74	+0.179%	$1K	$2.0M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.83	+0.235%	$16K	$16K	20x	as long as short
Paragon para:GLWlong	+0.0010%	1h	159.46	long leg	$317K	$27K	10x
Vest GLW-USD-PERP	+0.0046%	1h	159.65	+0.122%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	159.79	+0.210%	$1.1M	$2.1M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.54	+0.053%	$299K	$85K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	159.68	+0.141%	$318K	$979K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.75	+0.185%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0172%	8h	159.82	+0.229%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0312%	8h	159.79	+0.210%	$10.8M	$20.8M	20x	as long as short
Extended GLW-USD	+0.0312%	1h	159.76	+0.190%	$2K	$2K	10x	as long as short
BloFin GLW-USDT	+0.0329%	8h	159.85	+0.248%	$151K	$33K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0420%	8h	159.81	+0.223%	$355	$185K	10x	as long as short