Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.017%

Price spread now: Aster against QFEX−0.045%53s7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.045% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	158.81	0.0060	pay 0.0008% / 1h	31m 46s	$1.1M	$2.0M	10x
Short	Aster GLWUSDT	158.74	0	get 0.0000% / 8h	3h 31m	$40K	$1K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$12.68
Price spread: −0.045% → 0.000%: −$4.5
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$35.19
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 6 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 QFEX live order book, 6 min ago	1.26 bp	7.0 bp −$7	17.1 bp −$171	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
Aster GLWUSDTshort	0.0000%	8h	158.74	−0.045%	$40K	$1K	20x
Bybit GLWUSDT	0.0000%	8h	158.86	+0.031%	$911K	$217K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	158.65	−0.101%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	158.82	+0.006%	$2.1M	$883K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	158.66	−0.094%	$906	$2.0M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	158.84	+0.019%	$16K	$17K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0015%	8h	158.83	+0.013%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0027%	8h	158.80	−0.006%	$152K	$33K	20x	as long as short
Extended GLW-USD	+0.0032%	1h	158.83	+0.013%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0037%	8h	158.84	+0.019%	$10.7M	$21.0M	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	158.80	−0.006%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	158.58	−0.145%	$297K	$83K	10x	as long as short
Paragon para:GLW	+0.0060%	1h	158.80	−0.006%	$315K	$27K	10x	as long as short
QFEX GLW-USDlong	+0.0060%	1h	158.81	long leg	$1.1M	$2.0M	10x
GRVT GLW_USDT_Perp	+0.0088%	8h	158.76	−0.031%	$430	$189K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	158.77	−0.025%	$316K	$1.0M	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.76	−0.031%	$2K	$2K	10x	as long as short