Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.023%

Price spread now: Paragon against SunX+0.108%7-day average −0.004% · you sell dearer than you buy

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

Long on SunX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.108%, 7d avg −0.004%

Together, before fees−0.013%−$1 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 Paragon is 0.111% dearer against SunX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GLW-USDT	157.39	0	get 0.0000% / 8h	47m 26s	$913	$1.7M	10x
Short	Paragon para:GLW	157.56	0.0060	get 0.0008% / 1h	47m 26s	$307K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against SunX. 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 SunXbpFee ParagonbpOrdersPrice spread, now +0.108%Rate

Funding earned: $12.6
Price spread: +0.108% → −0.004%: $11.12
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: $5.72
Costs to cover: 0.180%
Break-even: 3.8 days

Slippage unknown: SunX: live order book, 8 min ago; Paragon: live order book, 8 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 SunX live order book, 8 min ago	500.51 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 8 min ago	15.31 bp	28.4 bp −$28	53.2 bp −$532	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	−0.1144%	8h	157.65	+0.165%	$2.2M	$931K	20x	as long as short
Gate GLW_USDT	−0.0486%	8h	157.57	+0.114%	$2.2M	$4.4M	50x	as long as short
BloFin GLW-USDT	−0.0003%	8h	157.55	+0.102%	$149K	$39K	20x	as long as short
Aster GLWUSDT	0.0000%	8h	157.84	+0.285%	$40K	$1K	20x	as long as short
Extended GLW-USD	0.0000%	1h	157.64	+0.157%	$2K	$1K	10x	as long as short
Bybit GLWUSDT	0.0000%	8h	157.54	+0.095%	$901K	$236K	25x	as long as short
SunX GLW-USDTlong	0.0000%	8h	157.39	long leg	$913	$1.7M	10x
HTX GLW-USDT	0.0000%	8h	157.57	+0.114%	$16K	$15K	20x	as long as short
Binance GLWUSDT	+0.0001%	8h	157.72	+0.212%	$10.4M	$24.5M	20x	as long as short
GRVT GLW_USDT_Perp	+0.0037%	8h	157.22	−0.108%	$472	$215K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GLW-USD	+0.0042%	1h	157.65	+0.165%	$1.1M	$1.7M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	157.48	+0.057%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	156.93	−0.292%	$279K	$123K	10x	as long as short
Paragon para:GLWshort	+0.0060%	1h	157.56	+0.108%	$307K	$41K	10x
KuCoin GLWUSDTM	+0.0100%	8h	157.34	−0.032%	$316K	$870K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	157.70	+0.197%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0116%	8h	157.80	+0.260%	$2.2M	$4.7M	20x	as long as short