Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin−0.049%7-day average +0.002% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

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)+0.122%+$12 · spread now −0.049%, 7d avg +0.002%

Together, before fees+0.074%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.052% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GLWUSDTM	162.02	0.0100	pay 0.0100% / 8h	5h 23m	$326K	$943K	20x
Short	Ondo Perps GLW-USD.P	161.94	0.0050	get 0.0006% / 1h	23m 12s	$304K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$10.42
Price spread: −0.049% → +0.002%: −$5.16
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$32.57
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 31 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 KuCoin live order book, 31 min ago	5.55 bp	408.9 bp −$409	doesn't fit	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 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	−0.0628%	1h	162.01	−0.008%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.30	+0.175%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.21	+0.117%	$931K	$198K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.16	+0.086%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.21	+0.117%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.26	+0.148%	$17K	$16K	20x	as long as short
QFEX GLW-USD	+0.0044%	1h	162.27	+0.154%	$1.1M	$2.1M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.17	+0.093%	—	—	10x	as long as short
Ondo Perps GLW-USD.Pshort	+0.0050%	1h	161.94	−0.049%	$304K	$107K	10x
KuCoin GLWUSDTMlong	+0.0100%	8h	162.02	long leg	$326K	$943K	20x

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	162.24	+0.136%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0158%	8h	162.24	+0.134%	$388	$174K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0247%	8h	162.36	+0.210%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDT	+0.0261%	8h	162.15	+0.080%	$2.2M	$817K	20x	as long as short
BloFin GLW-USDT	+0.0416%	8h	162.33	+0.191%	$110K	$36K	20x	as long as short
Binance GLWUSDT	+0.0423%	8h	162.32	+0.187%	$10.8M	$21.7M	20x	as long as short
Extended GLW-USD	+0.0424%	1h	162.28	+0.160%	$2K	$1K	10x	as long as short