Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.006%

Price spread now: Ondo Perps against HTX−0.051%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 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

Funding pays, the price is against you. Ondo Perps is 0.051% cheaper against HTX than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.3 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	158.32	0	get 0.0000% / 8h	6h 56m	$17K	$22K	20x
Short	Ondo Perps GLW-USD.P	158.24	0.0050	get 0.0006% / 1h	56m 10s	$279K	$113K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.051%Rate

Funding earned: $10.58
Price spread: −0.051% → 0.000%: −$5.05
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.47
Costs to cover: 0.170%
Break-even: 14.6 days

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

HTX 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
Bitget GLWUSDT	−0.0602%	8h	158.30	−0.013%	$2.1M	$1.1M	20x	as long as short
BloFin GLW-USDT	−0.0020%	8h	158.00	−0.202%	$147K	$42K	20x	as long as short
Paragon para:GLW	−0.0018%	1h	158.07	−0.156%	$308K	$41K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	158.33	+0.009%	$64K	$53K	20x	as long as short
Extended GLW-USD	0.0000%	1h	158.22	−0.060%	$2K	$1K	10x	as long as short
Binance GLWUSDT	0.0000%	8h	158.32	+0.001%	$10.4M	$26.6M	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	158.26	−0.038%	$901K	$244K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	158.19	−0.082%	$2.2M	$4.4M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	158.10	−0.139%	$900	$1.6M	10x	as long as short
HTX GLW-USDTlong	0.0000%	8h	158.32	long leg	$17K	$22K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GLW_USDT_Perp	+0.0044%	8h	157.85	−0.295%	$628	$223K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	158.22	−0.063%	—	—	10x	as long as short
Ondo Perps GLW-USD.Pshort	+0.0050%	1h	158.24	−0.051%	$279K	$113K	10x
OKX GLW-USDT-SWAP	+0.0060%	8h	158.41	+0.057%	$2.2M	$5.0M	20x	as long as short
QFEX GLW-USD	+0.0066%	1h	158.13	−0.120%	$1.1M	$1.7M	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	158.00	−0.202%	$367K	$862K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	158.19	−0.082%	$2K	$3K	10x	as long as short