Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.010%

Price spread now: KuCoin against QFEX−0.006%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$823as in the Price arb table

costs, in and out, $10k−$8298.289% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.006%, 7d avg −0.070%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.063% dearer against QFEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	158.36	0.0032	pay 0.0004% / 1h	9m 51s	$1.1M	$1.8M	10x
Short	KuCoin GLWUSDTM	158.35	0.0100	get 0.0100% / 8h	2h 09m	$320K	$899K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.006%Rate

Funding earned: $14.21
Price spread: −0.006% → −0.070%: $6.34
Slippage, 4 orders: −$806.85
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$808.3
Costs to cover: 8.289%
Break-even: 405.1 days

Slippage from QFEX: live order book, 2 min ago; KuCoin: live order book, 29 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 QFEX live order book, 2 min ago	1.26 bp	6.9 bp −$7	12.1 bp −$121	doesn't fit	doesn't fit
Sell KuCoin live order book, 29 min ago	2.22 bp	439.6 bp −$440	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	−0.1011%	8h	158.56	+0.126%	$2.1M	$880K	20x	as long as short
Gate GLW_USDT	−0.0189%	8h	158.54	+0.114%	$2.2M	$4.3M	50x	as long as short
Aster GLWUSDT	0.0000%	8h	158.58	+0.136%	$40K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	158.50	+0.088%	$912K	$222K	25x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	157.50	−0.543%	$225	$206K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	158.44	+0.051%	$959	$1.7M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	158.56	+0.126%	$16K	$16K	20x	as long as short
QFEX GLW-USDlong	+0.0032%	1h	158.36	long leg	$1.1M	$1.8M	10x
Vest GLW-USD-PERP	+0.0046%	1h	158.20	−0.101%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	158.06	−0.189%	$288K	$118K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin GLW-USDT	+0.0051%	8h	158.33	−0.019%	$148K	$38K	20x	as long as short
Paragon para:GLW	+0.0060%	1h	158.19	−0.106%	$308K	$41K	10x	as long as short
Extended GLW-USD	+0.0064%	1h	158.57	+0.130%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0064%	8h	158.65	+0.182%	$10.3M	$23.2M	20x	as long as short
KuCoin GLWUSDTMshort	+0.0100%	8h	158.35	−0.006%	$320K	$899K	20x
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.39	+0.019%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0109%	8h	158.67	+0.196%	$2.2M	$4.7M	20x	as long as short