Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.011%

Price spread now: HTX against QFEX+0.204%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on HTX

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

The price spread pays, funding is against you. HTX is 0.204% dearer against QFEX than usual: you sell high and buy low (spread +0.204% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	161.87	0.0052	pay 0.0007% / 1h	2m 28s	$1.2M	$2.3M	10x
Short	HTX GLW-USDT	162.20	0	get 0.0000% / 8h	7h 02m	$17K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.204%Rate

Funding earned: −$11.02
Price spread: +0.204% → 0.000%: $20.39
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$12.63
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 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 QFEX live order book, 5 min ago	1.54 bp	7.7 bp −$8	13.6 bp −$136	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
Aster GLWUSDT	0.0000%	8h	162.11	+0.151%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.87	0.000%	$933K	$194K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.77	−0.062%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.14	+0.167%	$1K	$1.9M	10x	as long as short
HTX GLW-USDTshort	0.0000%	8h	162.20	+0.204%	$17K	$16K	20x
Vest GLW-USD-PERP	+0.0046%	1h	162.04	+0.105%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	161.95	+0.049%	$303K	$109K	10x	as long as short
QFEX GLW-USDlong	+0.0052%	1h	161.87	long leg	$1.2M	$2.3M	10x
Paragon para:GLW	+0.0060%	1h	161.87	+0.002%	$322K	$38K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	161.98	+0.068%	$326K	$987K	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	161.95	+0.049%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0224%	8h	162.05	+0.111%	$2.3M	$4.4M	20x	as long as short
GRVT GLW_USDT_Perp	+0.0289%	8h	162.16	+0.179%	$101	$168K	10x	as long as short
Bitget GLWUSDT	+0.0394%	8h	161.85	−0.012%	$2.2M	$806K	20x	as long as short
Extended GLW-USD	+0.0552%	1h	161.87	+0.002%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0553%	8h	161.90	+0.019%	$10.8M	$21.6M	20x	as long as short
BloFin GLW-USDT	+0.0561%	8h	161.97	+0.062%	$151K	$36K	20x	as long as short