Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h −0.018%

Price spread now: KuCoin against Ondo Perps+0.081%7-day average −0.007% · you sell dearer than you buy

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

Long on Ondo Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.081%, 7d avg −0.007%

Together, before fees−0.140%+ Points / potential airdropOndo Perps: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.088% dearer against Ondo Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GLW-USD.P	160.63	0.0050	pay 0.0006% / 1h	39m 07s	$302K	$87K	10x
Short	KuCoin GLWUSDTM	160.76	0.0100	get 0.0100% / 8h	39m 07s	$323K	$987K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Ondo Perps. 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 Ondo PerpsbpFee KuCoinbpOrdersPrice spread, now +0.081%Rate

Funding earned: $10.42
Price spread: +0.081% → −0.007%: $8.8
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $2.22
Costs to cover: 0.170%
Break-even: 5.5 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 30 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 30 min ago	0.63 bp	374.6 bp −$375	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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	−0.0111%	1h	160.83	+0.124%	$320K	$27K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	160.91	+0.175%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	160.86	+0.143%	$917K	$218K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	160.86	+0.143%	$2.2M	$4.2M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	160.66	+0.019%	$1K	$2.0M	10x	as long as short
HTX GLW-USDT	+0.0004%	8h	160.88	+0.156%	$17K	$16K	20x	as long as short
Bitget GLWUSDT	+0.0024%	8h	161.04	+0.255%	$2.2M	$899K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.02	+0.243%	—	—	10x	as long as short
Ondo Perps GLW-USD.Plong	+0.0050%	1h	160.63	long leg	$302K	$87K	10x
QFEX GLW-USD	+0.0065%	1h	161.00	+0.230%	$1.1M	$2.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTMshort	+0.0100%	8h	160.76	+0.081%	$323K	$987K	20x
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	160.99	+0.224%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0237%	8h	161.05	+0.261%	$2.3M	$4.5M	20x	as long as short
Extended GLW-USD	+0.0440%	1h	161.02	+0.244%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0442%	8h	161.01	+0.237%	$11.0M	$20.8M	20x	as long as short
BloFin GLW-USDT	+0.0444%	8h	161.14	+0.317%	$151K	$34K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0512%	8h	160.91	+0.176%	$134	$176K	10x	as long as short