Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.016%

Price spread now: Paragon against HTX−0.148%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Paragon is 0.148% cheaper against HTX than usual: you would sell low and buy high (spread −0.148% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 8.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GLW-USDT	161.75	0	get 0.0000% / 8h	7h 53m	$17K	$16K	20x
Short	Paragon para:GLW	161.51	0.0060	get 0.0008% / 1h	53m 05s	$321K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against HTX. 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 HTXbpFee ParagonbpOrdersPrice spread, now −0.148%Rate

Funding earned: $12.6
Price spread: −0.148% → 0.000%: −$14.84
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$24.24
Costs to cover: 0.220%
Break-even: 20.5 days

Slippage unknown: HTX: no order-book sample; Paragon: live order book, 2 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 HTX no order-book sample	—	—	—	—	—
Sell Paragon live order book, 2 min ago	18.30 bp	23.3 bp −$23	37.9 bp −$379	doesn't fit	doesn't fit

HTX: 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 GLWUSDT	0.0000%	8h	161.82	+0.043%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.67	−0.049%	$936K	$193K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.49	−0.161%	$2.2M	$4.2M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	161.61	−0.087%	$999	$1.9M	10x	as long as short
HTX GLW-USDTlong	0.0000%	8h	161.75	long leg	$17K	$16K	20x
Vest GLW-USD-PERP	+0.0046%	1h	161.70	−0.031%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.59	−0.099%	$301K	$109K	10x	as long as short
QFEX GLW-USD	+0.0052%	1h	161.64	−0.068%	$1.1M	$2.3M	10x	as long as short
Paragon para:GLWshort	+0.0060%	1h	161.51	−0.148%	$321K	$30K	10x
KuCoin GLWUSDTM	+0.0100%	8h	161.65	−0.062%	$325K	$1.0M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.72	−0.019%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0209%	8h	161.51	−0.148%	$102	$172K	10x	as long as short
Bitget GLWUSDT	+0.0227%	8h	161.56	−0.117%	$2.2M	$816K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0254%	8h	161.66	−0.056%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0582%	8h	161.69	−0.037%	$150K	$36K	20x	as long as short
Binance GLWUSDT	+0.0582%	8h	161.72	−0.019%	$11.1M	$21.2M	20x	as long as short
Extended GLW-USD	+0.0584%	1h	161.69	−0.039%	$2K	$2K	10x	as long as short