Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.082%

Price spread now: Ondo Perps against Bitget−0.032%7-day average −0.087% · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.032%, 7d avg −0.087%

Together, before fees+0.234%+ Points / potential airdropOndo Perps: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.055% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GLWUSDT	158.22	0	get 0.0000% / 8h	4h 44m	$2.1M	$1.1M	20x
Short	Ondo Perps GLW-USD.P	158.17	0.0050	get 0.0006% / 1h	44m 08s	$279K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: $10.58
Price spread: −0.032% → −0.087%: $5.55
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$0.87
Costs to cover: 0.170%
Break-even: 7.6 days

Slippage unknown: Bitget: live order book, 1 min ago; 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 Bitget live order book, 1 min ago	2.84 bp	27.1 bp −$27	40.5 bp −$405	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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 exchanges

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	158.32	+0.060%	$64K	$53K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	158.15	−0.044%	$902K	$242K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	158.17	−0.032%	$2.2M	$4.4M	50x	as long as short
Bitget GLWUSDTlong	0.0000%	8h	158.22	long leg	$2.1M	$1.1M	20x
SunX GLW-USDT	0.0000%	8h	158.20	−0.013%	$1K	$1.5M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	158.58	+0.228%	$17K	$27K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	158.12	−0.063%	—	—	10x	as long as short
Ondo Perps GLW-USD.Pshort	+0.0050%	1h	158.17	−0.032%	$279K	$111K	10x
Paragon para:GLW	+0.0060%	1h	158.16	−0.040%	$308K	$41K	10x	as long as short
QFEX GLW-USD	+0.0080%	1h	158.01	−0.133%	$1.1M	$1.8M	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin GLW-USDT	+0.0097%	8h	158.37	+0.095%	$152K	$48K	20x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	158.23	+0.006%	$379K	$871K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.26	+0.025%	$2K	$3K	10x	as long as short
Binance GLWUSDT	+0.0111%	8h	158.32	+0.061%	$10.4M	$27.2M	20x	as long as short
Extended GLW-USD	+0.0112%	1h	158.31	+0.058%	$2K	$1K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0124%	8h	158.32	+0.063%	$2.2M	$5.2M	20x	as long as short
GRVT GLW_USDT_Perp	+0.0376%	8h	158.46	+0.150%	$323	$248K	10x	as long as short