Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.032%

Price spread now: Paragon against HTX−0.156%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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paragon is 0.156% cheaper against HTX than usual: you would sell low and buy high (−$16 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	HTX GLW-USDT	159.47	0.0192	pay 0.0192% / 8h	5h 44m	$17K	$22K	20x
Short	Paragon para:GLW	159.22	0.0060	get 0.0008% / 1h	44m 32s	$310K	$41K	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 −0.156%Rate

Funding earned: −$27.76
Price spread: −0.156% → 0.000%: −$15.64
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$65.4
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Paragon: live order book, 57 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, 57 min ago	18.71 bp	24.9 bp −$25	48.5 bp −$485	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 exchanges

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	−0.0024%	8h	159.20	−0.169%	$2.1M	$1.1M	20x	as long as short
Aster GLWUSDT	0.0000%	8h	159.12	−0.218%	$65K	$53K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.41	−0.038%	$907K	$241K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.06	−0.257%	$2.2M	$4.4M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	159.19	−0.176%	$1K	$1.6M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.06	−0.257%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.04	−0.270%	$281K	$111K	10x	as long as short
QFEX GLW-USD	+0.0059%	1h	159.12	−0.219%	$1.1M	$1.8M	10x	as long as short
Paragon para:GLWshort	+0.0060%	1h	159.22	−0.156%	$310K	$41K	10x
KuCoin GLWUSDTM	+0.0100%	8h	159.13	−0.213%	$378K	$865K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.12	−0.219%	$2K	$3K	10x	as long as short
Extended GLW-USD	+0.0144%	1h	159.15	−0.202%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0148%	8h	159.24	−0.144%	$10.5M	$26.8M	20x	as long as short
BloFin GLW-USDT	+0.0148%	8h	159.12	−0.219%	$150K	$45K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0184%	8h	159.26	−0.132%	$2.2M	$5.1M	20x	as long as short
HTX GLW-USDTlong	+0.0192%	8h	159.47	long leg	$17K	$22K	20x
GRVT GLW_USDT_Perp	+0.0801%	8h	159.44	−0.019%	$48	$236K	10x	as long as short