Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.029%

Price spread now: OKX against QFEX+0.145%54s7-day average +0.028% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.532% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.053%+$5 on $10k

Price spread, last 7 days−0.140%−$14 · spread now +0.145%, 7d avg +0.028%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.117% dearer against QFEX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 54 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	159.03	0.0059	pay 0.0007% / 1h	44m 42s	$1.1M	$1.8M	10x
Short	OKX GLW-USDT-SWAP	159.26	0.0184	get 0.0184% / 8h	5h 44m	$2.2M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $26.2
Price spread: +0.145% → +0.028%: $11.69
Slippage, 4 orders: −$33.22
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$15.33
Costs to cover: 0.532%
Break-even: 11.1 days

Slippage from QFEX: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	1.25 bp	8.0 bp −$8	17.0 bp −$170	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.57 bp	26.4 bp −$26	56.1 bp −$561	doesn't fit	doesn't fit

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	159.20	+0.107%	$2.1M	$1.1M	20x	as long as short
Aster GLWUSDT	0.0000%	8h	159.12	+0.057%	$65K	$53K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.42	+0.245%	$907K	$241K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.06	+0.019%	$2.2M	$4.4M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	159.19	+0.101%	$1K	$1.6M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	158.41	−0.390%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.04	+0.006%	$281K	$111K	10x	as long as short
QFEX GLW-USDlong	+0.0059%	1h	159.03	long leg	$1.1M	$1.8M	10x
Paragon para:GLW	+0.0060%	1h	159.22	+0.120%	$310K	$41K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	159.13	+0.063%	$378K	$865K	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_mythos	+0.0100%	8h	159.12	+0.057%	$2K	$3K	10x	as long as short
Extended GLW-USD	+0.0144%	1h	159.15	+0.074%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0148%	8h	159.20	+0.107%	$10.5M	$26.8M	20x	as long as short
BloFin GLW-USDT	+0.0148%	8h	159.12	+0.057%	$150K	$45K	20x	as long as short
OKX GLW-USDT-SWAPshort	+0.0184%	8h	159.26	+0.145%	$2.2M	$5.1M	20x
HTX GLW-USDT	+0.0192%	8h	159.47	+0.277%	$17K	$22K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0801%	8h	159.44	+0.258%	$48	$236K	10x	as long as short