Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.020%

Price spread now: SunX against QFEX−0.093%7-day average −0.045% · you buy dearer than you sell

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.093%, 7d avg −0.045%

Together, before fees+0.086%+$9 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 0.048% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	161.49	0.0052	pay 0.0007% / 1h	23m 21s	$1.1M	$2.3M	10x
Short	SunX GLW-USDT	161.34	0	get 0.0000% / 8h	7h 23m	$676	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$11.02
Price spread: −0.093% → −0.045%: −$4.76
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$33.78
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 min ago; SunX: live order book, 12 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 QFEX live order book, 4 min ago	1.54 bp	7.1 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	500.22 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
Aster GLWUSDT	0.0000%	8h	161.73	+0.147%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.53	+0.025%	$932K	$194K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.38	−0.068%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDTshort	0.0000%	8h	161.34	−0.093%	$676	$1.9M	10x
HTX GLW-USDT	0.0000%	8h	161.48	−0.006%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.60	+0.068%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.75	+0.161%	$303K	$109K	10x	as long as short
QFEX GLW-USDlong	+0.0052%	1h	161.49	long leg	$1.1M	$2.3M	10x
Paragon para:GLW	+0.0060%	1h	161.53	+0.027%	$331K	$33K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	161.55	+0.037%	$326K	$997K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GLW_USDT_Perp	+0.0100%	8h	161.89	+0.248%	$847	$169K	10x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.61	+0.074%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0241%	8h	161.48	−0.006%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDT	+0.0333%	8h	161.49	0.000%	$2.2M	$804K	20x	as long as short
Extended GLW-USD	+0.0544%	1h	161.55	+0.040%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0547%	8h	161.59	+0.062%	$10.8M	$21.5M	20x	as long as short
BloFin GLW-USDT	+0.0560%	8h	161.51	+0.012%	$150K	$35K	20x	as long as short