Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.011%

Price spread now: QFEX against HTX−0.031%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 QFEX

What this pair did over the last

the charts below follow

Funding, last 4 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. QFEX is 0.031% cheaper against HTX than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GLW-USDT	160.91	0	get 0.0000% / 8h	3h 42m	$16K	$16K	20x
Short	QFEX GLW-USD	160.86	0.0050	get 0.0006% / 1h	42m 57s	$1.1M	$1.9M	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 −0.031%Rate

Funding earned: $10.43
Price spread: −0.031% → 0.000%: −$3.11
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$14.67
Costs to cover: 0.220%
Break-even: 16.8 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 9 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, 9 min ago	1.24 bp	6.2 bp −$6	12.4 bp −$124	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	161.08	+0.108%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	160.76	−0.093%	$922K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	160.80	−0.068%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	160.83	−0.050%	$2.2M	$851K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	160.85	−0.037%	$1K	$1.8M	10x	as long as short
HTX GLW-USDTlong	0.0000%	8h	160.91	long leg	$16K	$16K	20x
Paragon para:GLW	+0.0009%	1h	160.74	−0.104%	$313K	$40K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0042%	8h	161.01	+0.062%	$742	$192K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	160.77	−0.087%	—	—	10x	as long as short
QFEX GLW-USDshort	+0.0050%	1h	160.86	−0.031%	$1.1M	$1.9M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps GLW-USD.P	+0.0050%	1h	161.10	+0.118%	$301K	$108K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	160.86	−0.031%	$324K	$930K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	160.87	−0.025%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0183%	8h	160.86	−0.031%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0217%	8h	160.87	−0.025%	$152K	$36K	20x	as long as short
Extended GLW-USD	+0.0232%	1h	160.76	−0.095%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0234%	8h	160.80	−0.068%	$10.5M	$21.9M	20x	as long as short