Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.023%

Price spread now: SunX against Paragon−0.145%7-day average +0.003% · you buy dearer than you sell

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

Long on Paragon Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.145%, 7d avg +0.003%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.149% cheaper against Paragon than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	155.88	0.0060	pay 0.0008% / 1h	34m 56s	$303K	$41K	10x
Short	SunX GLW-USDT	155.65	0	get 0.0000% / 8h	7h 34m	$954	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$12.6
Price spread: −0.145% → +0.003%: −$14.87
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$45.47
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 11 min ago; SunX: live order book, 11 min ago. 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, 11 min ago	15.27 bp	46.4 bp −$46	115.1 bp −$1,151	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	500.38 bp	doesn't fit	doesn't fit	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	−0.0789%	8h	155.84	−0.024%	$2.1M	$1.1M	20x	as long as short
Gate GLW_USDT	−0.0451%	8h	155.71	−0.107%	$2.2M	$4.4M	50x	as long as short
GRVT GLW_USDT_Perp	−0.0101%	8h	156.62	+0.477%	$489	$217K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	156.08	+0.130%	$64K	$52K	20x	as long as short
Extended GLW-USD	0.0000%	1h	155.85	−0.018%	$2K	$1K	10x	as long as short
Binance GLWUSDT	0.0000%	8h	155.86	−0.009%	$10.3M	$26.0M	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	155.70	−0.113%	$893K	$248K	25x	as long as short
SunX GLW-USDTshort	0.0000%	8h	155.65	−0.145%	$954	$1.7M	10x
HTX GLW-USDT	0.0000%	8h	156.03	+0.098%	$16K	$22K	20x	as long as short
BloFin GLW-USDT	+0.0011%	8h	155.84	−0.024%	$147K	$40K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GLW-USD-PERP	+0.0046%	1h	155.71	−0.107%	—	—	10x	as long as short
QFEX GLW-USD	+0.0047%	1h	155.81	−0.043%	$1.1M	$1.7M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	156.03	+0.098%	$277K	$122K	10x	as long as short
Paragon para:GLWlong	+0.0060%	1h	155.88	long leg	$303K	$41K	10x
OKX GLW-USDT-SWAP	+0.0061%	8h	155.83	−0.030%	$2.1M	$4.9M	20x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	155.97	+0.060%	$317K	$844K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	155.97	+0.060%	$2K	$3K	10x	as long as short