Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0556%/8h= +60.8% APRpaid last 24h +0.093%

Price spread now: OKX against Paragon+0.099%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$840.839% of the position

Long on Paragon Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.099%, 7d avg +0.069%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and OKX is 0.030% dearer against Paragon than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.069%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	162.26	−0.0322	get 0.0040% / 1h	7m 17s	$322K	$37K	10x
Short	OKX GLW-USDT-SWAP	162.42	0.0234	get 0.0234% / 8h	4h 07m	$2.3M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $116.69
Price spread: +0.099% → +0.069%: $2.97
Slippage, 4 orders: −$63.91
Fee Paragon: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $35.75
Costs to cover: 0.839%
Break-even: 4.9 days

Slippage from Paragon: live order book, 18 min ago; OKX: live order book, 5 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, 18 min ago	14.51 bp	22.7 bp −$23	82.6 bp −$826	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.31 bp	7.3 bp −$7	26.4 bp −$264	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:GLWlong	−0.0322%	1h	162.26	long leg	$322K	$37K	10x
Aster GLWUSDT	0.0000%	8h	162.58	+0.194%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.32	+0.037%	$932K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.25	−0.006%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.36	+0.062%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.48	+0.136%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.38	+0.074%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.19	−0.043%	$303K	$107K	10x	as long as short
QFEX GLW-USD	+0.0078%	1h	162.37	+0.068%	$1.1M	$2.0M	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	162.39	+0.080%	$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	162.38	+0.074%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0119%	8h	162.42	+0.099%	$731	$187K	10x	as long as short
Bitget GLWUSDT	+0.0144%	8h	162.40	+0.086%	$2.2M	$850K	20x	as long as short
OKX GLW-USDT-SWAPshort	+0.0234%	8h	162.42	+0.099%	$2.3M	$4.4M	20x
BloFin GLW-USDT	+0.0296%	8h	162.44	+0.111%	$155K	$36K	20x	as long as short
Extended GLW-USD	+0.0304%	1h	162.38	+0.076%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0308%	8h	162.43	+0.104%	$10.7M	$21.8M	20x	as long as short