Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against Orderly−0.123%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Ondo Perps

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—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.123% cheaper against Orderly than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GLW_USDC_mythos	162.10	0.0100	pay 0.0100% / 8h	7h 05m	$2K	$2K	10x
Short	Ondo Perps GLW-USD.P	161.90	0.0050	get 0.0006% / 1h	5m 28s	$303K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Orderly. 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 OrderlybpFee Ondo PerpsbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$10.42
Price spread: −0.123% → 0.000%: −$12.34
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$33.75
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Ondo Perps: 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 Orderly no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Orderly and 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
Aster GLWUSDT	0.0000%	8h	162.12	+0.009%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.99	−0.068%	$934K	$194K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.94	−0.099%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.00	−0.062%	$940	$1.9M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.03	−0.043%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.04	−0.037%	—	—	10x	as long as short
Ondo Perps GLW-USD.Pshort	+0.0050%	1h	161.90	−0.123%	$303K	$109K	10x
QFEX GLW-USD	+0.0052%	1h	162.07	−0.019%	$1.2M	$2.3M	10x	as long as short
Paragon para:GLW	+0.0060%	1h	161.95	−0.093%	$322K	$38K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	161.94	−0.099%	$326K	$989K	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_mythoslong	+0.0100%	8h	162.10	long leg	$2K	$2K	10x
GRVT GLW_USDT_Perp	+0.0182%	8h	161.96	−0.086%	$100	$168K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0225%	8h	162.21	+0.068%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDT	+0.0385%	8h	161.98	−0.074%	$2.2M	$806K	20x	as long as short
BloFin GLW-USDT	+0.0538%	8h	162.09	−0.006%	$151K	$36K	20x	as long as short
Extended GLW-USD	+0.0544%	1h	162.10	−0.001%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0548%	8h	162.15	+0.030%	$10.8M	$21.6M	20x	as long as short