Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.032%

Price spread now: HTX against Paragon−0.033%7-day average — · you buy dearer than you sell

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

Long on Paragon Short on HTX

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.033% cheaper against Paragon than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	158.95	0.0060	pay 0.0008% / 1h	6m 11s	$310K	$41K	10x
Short	HTX GLW-USDT	158.90	0	get 0.0000% / 8h	3h 06m	$16K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Paragon. 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 ParagonbpFee HTXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$12.6
Price spread: −0.033% → 0.000%: −$3.29
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37.89
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paragon: live order book, 9 min ago; HTX: no order-book sample. 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 Paragon live order book, 9 min ago	15.04 bp	20.1 bp −$20	43.7 bp −$437	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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
Bitget GLWUSDT	−0.0130%	8h	159.09	+0.087%	$2.1M	$871K	20x	as long as short
Aster GLWUSDT	0.0000%	8h	159.37	+0.263%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.15	+0.124%	$913K	$204K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.06	+0.068%	$2.2M	$4.3M	50x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	158.75	−0.127%	$303	$199K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	158.79	−0.102%	$1K	$1.8M	10x	as long as short
HTX GLW-USDTshort	0.0000%	8h	158.90	−0.033%	$16K	$16K	20x
Vest GLW-USD-PERP	+0.0046%	1h	159.03	+0.049%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	159.02	+0.043%	$1.1M	$1.8M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	158.59	−0.228%	$288K	$118K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:GLWlong	+0.0060%	1h	158.95	long leg	$310K	$41K	10x
KuCoin GLWUSDTM	+0.0100%	8h	159.13	+0.112%	$321K	$917K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.17	+0.137%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0108%	8h	159.15	+0.124%	$2.2M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0129%	8h	158.86	−0.058%	$150K	$36K	20x	as long as short
Binance GLWUSDT	+0.0141%	8h	159.18	+0.142%	$10.3M	$22.5M	20x	as long as short
Extended GLW-USD	+0.0144%	1h	159.15	+0.127%	$2K	$1K	10x	as long as short