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: Paragon against HTX−0.067%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

Funding pays, the price is against you. Paragon is 0.067% cheaper against HTX than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GLW-USDT	159.61	0	get 0.0000% / 8h	3h 13m	$16K	$16K	20x
Short	Paragon para:GLW	159.50	0.0060	get 0.0008% / 1h	13m 48s	$311K	$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 −0.067%Rate

Funding earned: $12.6
Price spread: −0.067% → 0.000%: −$6.65
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$16.05
Costs to cover: 0.220%
Break-even: 15.9 days

Slippage unknown: HTX: no order-book sample; Paragon: live order book, 2 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, 2 min ago	15.04 bp	25.6 bp −$26	57.7 bp −$577	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	159.73	+0.078%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.56	−0.031%	$915K	$203K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.47	−0.088%	$2.2M	$4.3M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	159.60	−0.006%	$2.1M	$870K	20x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	159.42	−0.120%	$367	$198K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	159.59	−0.013%	$2K	$1.8M	10x	as long as short
HTX GLW-USDTlong	0.0000%	8h	159.61	long leg	$16K	$16K	20x
Vest GLW-USD-PERP	+0.0046%	1h	159.57	−0.025%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	159.60	−0.006%	$1.1M	$1.8M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.37	−0.150%	$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:GLWshort	+0.0060%	1h	159.50	−0.067%	$311K	$41K	10x
KuCoin GLWUSDTM	+0.0100%	8h	159.53	−0.050%	$321K	$921K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.62	+0.006%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0121%	8h	159.67	+0.038%	$2.2M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0158%	8h	159.66	+0.030%	$10.4M	$22.4M	20x	as long as short
Extended GLW-USD	+0.0160%	1h	159.61	−0.003%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0162%	8h	159.73	+0.075%	$151K	$36K	20x	as long as short