Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0397%/8h= +43.4% APRpaid last 24h +0.029%

Price spread now: HTX against Paragon+0.117%7-day average — · you sell dearer than you buy

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

Long on Paragon Short on HTX

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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and HTX is 0.117% dearer against Paragon than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:GLW	162.13	−0.0397	get 0.0050% / 1h	34m 00s	$322K	$37K	10x
Short	HTX GLW-USDT	162.32	0	get 0.0000% / 8h	4h 34m	$17K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Paragon. 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 ParagonbpFee HTXbpOrdersPrice spread, now +0.117%Rate

Funding earned: $83.31
Price spread: +0.117% → 0.000%: $11.72
Slippage, 4 orders: no order book: not counted
Fee Paragon: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $73.03
Costs to cover: 0.220%
Break-even: 0.9 days

Slippage unknown: Paragon: live order book, 61 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 Paragon live order book, 61 min ago	15.13 bp	26.4 bp −$26	91.5 bp −$915	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:GLWlong	−0.0397%	1h	162.13	long leg	$322K	$37K	10x
Aster GLWUSDT	0.0000%	8h	162.46	+0.206%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.21	+0.049%	$931K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.17	+0.025%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.20	+0.043%	$986	$1.8M	10x	as long as short
HTX GLW-USDTshort	0.0000%	8h	162.32	+0.117%	$17K	$16K	20x
Vest GLW-USD-PERP	+0.0046%	1h	162.25	+0.074%	—	—	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	162.18	+0.031%	$303K	$108K	10x	as long as short
QFEX GLW-USD	+0.0078%	1h	162.25	+0.074%	$1.1M	$2.0M	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	162.29	+0.099%	$327K	$936K	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	162.28	+0.093%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0140%	8h	162.34	+0.131%	$315	$182K	10x	as long as short
Bitget GLWUSDT	+0.0206%	8h	162.29	+0.099%	$2.2M	$848K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0242%	8h	162.29	+0.099%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0337%	8h	162.31	+0.111%	$155K	$36K	20x	as long as short
Extended GLW-USD	+0.0352%	1h	162.24	+0.068%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0355%	8h	162.28	+0.091%	$10.7M	$21.9M	20x	as long as short