Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.053%

Price spread now: Orderly against Paragon−0.069%7-day average — · you buy dearer than you sell

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

Long on Paragon Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.069% cheaper against Paragon than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	159.22	0.0060	pay 0.0008% / 1h	44m 10s	$310K	$41K	10x
Short	Orderly PERP_GLW_USDC_mythos	159.11	0.0100	get 0.0100% / 8h	5h 44m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.069%Rate

Funding earned: $8.4
Price spread: −0.069% → 0.000%: −$6.95
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.55
Costs to cover: 0.160%
Break-even: 19.1 days

Slippage unknown: Paragon: live order book, 58 min ago; Orderly: 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, 58 min ago	18.71 bp	28.0 bp −$28	53.8 bp −$538	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 exchanges

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	−0.0024%	8h	159.25	+0.018%	$2.1M	$1.1M	20x	as long as short
Aster GLWUSDT	0.0000%	8h	159.03	−0.117%	$65K	$53K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.34	+0.075%	$906K	$241K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.16	−0.038%	$2.2M	$4.4M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	159.24	+0.012%	$1K	$1.6M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.06	−0.101%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.04	−0.113%	$281K	$111K	10x	as long as short
QFEX GLW-USD	+0.0059%	1h	159.12	−0.063%	$1.1M	$1.8M	10x	as long as short
Paragon para:GLWlong	+0.0060%	1h	159.22	long leg	$310K	$41K	10x
KuCoin GLWUSDTM	+0.0100%	8h	158.98	−0.151%	$378K	$864K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GLW_USDC_mythosshort	+0.0100%	8h	159.11	−0.069%	$2K	$3K	10x
Binance GLWUSDT	+0.0148%	8h	159.29	+0.043%	$10.5M	$26.8M	20x	as long as short
BloFin GLW-USDT	+0.0148%	8h	159.12	−0.063%	$150K	$45K	20x	as long as short
Extended GLW-USD	+0.0152%	1h	158.99	−0.147%	$2K	$1K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0184%	8h	159.41	+0.119%	$2.2M	$5.1M	20x	as long as short
HTX GLW-USDT	+0.0186%	8h	159.47	+0.157%	$17K	$22K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0801%	8h	159.44	+0.138%	$48	$236K	10x	as long as short