Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.011%

Price spread now: HTX against QFEX+0.062%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 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

The price spread pays, funding is against you. HTX is 0.062% dearer against QFEX than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GLW-USD	162.16	0.0044	pay 0.0005% / 1h	24m 57s	$1.1M	$2.1M	10x
Short	HTX GLW-USDT	162.26	0	get 0.0000% / 8h	5h 24m	$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 +0.062%Rate

Funding earned: −$9.16
Price spread: +0.062% → 0.000%: $6.17
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.99
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 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, 2 min ago	1.85 bp	8.6 bp −$9	12.0 bp −$120	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
Paragon para:GLW	−0.0623%	1h	161.98	−0.112%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.28	+0.074%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.18	+0.012%	$930K	$197K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.13	−0.019%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.11	−0.031%	$1K	$1.8M	10x	as long as short
HTX GLW-USDTshort	0.0000%	8h	162.26	+0.062%	$17K	$16K	20x
QFEX GLW-USDlong	+0.0044%	1h	162.16	long leg	$1.1M	$2.1M	10x
Vest GLW-USD-PERP	+0.0046%	1h	162.09	−0.043%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.11	−0.031%	$304K	$107K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	162.01	−0.093%	$327K	$944K	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	162.18	+0.012%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0158%	8h	162.24	+0.048%	$388	$174K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0246%	8h	162.33	+0.105%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDT	+0.0263%	8h	162.15	−0.006%	$2.2M	$817K	20x	as long as short
BloFin GLW-USDT	+0.0405%	8h	162.19	+0.019%	$110K	$36K	20x	as long as short
Binance GLWUSDT	+0.0421%	8h	162.22	+0.037%	$10.8M	$21.7M	20x	as long as short
Extended GLW-USD	+0.0424%	1h	162.15	−0.007%	$2K	$1K	10x	as long as short