Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.019%

Price spread now: QFEX against HTX+0.025%7-day average — · you sell dearer than you buy

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

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.025% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GLW-USDT	159.80	0	get 0.0000% / 8h	1h 19m	$16K	$16K	20x
Short	QFEX GLW-USD	159.84	0.0050	get 0.0006% / 1h	19m 24s	$1.1M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $10.57
Price spread: +0.025% → 0.000%: $2.5
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$8.93
Costs to cover: 0.220%
Break-even: 12.9 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 3 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 QFEX live order book, 3 min ago	0.94 bp	5.9 bp −$6	10.0 bp −$100	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	159.91	+0.070%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.86	+0.038%	$916K	$214K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.70	−0.063%	$2.2M	$4.1M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	159.82	+0.013%	$2.2M	$860K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	159.79	−0.006%	$1K	$2.0M	10x	as long as short
HTX GLW-USDTlong	0.0000%	8h	159.80	long leg	$16K	$16K	20x
Paragon para:GLW	+0.0018%	1h	159.75	−0.028%	$317K	$27K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.73	−0.044%	—	—	10x	as long as short
QFEX GLW-USDshort	+0.0050%	1h	159.84	+0.025%	$1.1M	$2.1M	10x
Ondo Perps GLW-USD.P	+0.0050%	1h	159.54	−0.163%	$299K	$85K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	159.77	−0.019%	$319K	$979K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.84	+0.025%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0177%	8h	159.83	+0.019%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0319%	8h	159.91	+0.069%	$10.8M	$20.8M	20x	as long as short
Extended GLW-USD	+0.0320%	1h	159.86	+0.037%	$2K	$2K	10x	as long as short
BloFin GLW-USDT	+0.0337%	8h	159.85	+0.031%	$151K	$33K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0442%	8h	159.80	0.000%	$473	$182K	10x	as long as short