Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bybit against Ondo Perps−0.037%7-day average +0.038% · you buy dearer than you sell

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

Long on Ondo Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.037%, 7d avg +0.038%

Together, before fees−0.334%+ Points / potential airdropOndo Perps: Active · farm board−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.076% cheaper against Ondo Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GLW-USD.P	161.90	0.0050	pay 0.0006% / 1h	48m 04s	$302K	$110K	10x
Short	Bybit GLWUSDT	161.84	0	get 0.0000% / 8h	7h 48m	$936K	$192K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$10.58
Price spread: −0.037% → +0.038%: −$7.55
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.14
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 22 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 Bybit live order book, 22 min ago	4.96 bp	29.0 bp −$29	175.2 bp −$1,752	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
Aster GLWUSDT	0.0000%	8h	161.95	+0.032%	$41K	$1K	20x	as long as short
Bybit GLWUSDTshort	0.0000%	8h	161.84	−0.037%	$936K	$192K	25x
Gate GLW_USDT	0.0000%	8h	161.79	−0.068%	$2.2M	$4.2M	50x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	161.74	−0.098%	$713	$172K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	161.88	−0.012%	$1K	$1.9M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.91	+0.006%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	161.88	−0.012%	—	—	10x	as long as short
Ondo Perps GLW-USD.Plong	+0.0050%	1h	161.90	long leg	$302K	$110K	10x
QFEX GLW-USD	+0.0052%	1h	161.93	+0.019%	$1.1M	$2.3M	10x	as long as short
Paragon para:GLW	+0.0060%	1h	161.82	−0.046%	$322K	$30K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	161.81	−0.056%	$326K	$1.0M	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.93	+0.019%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0257%	8h	161.94	+0.025%	$2.3M	$4.4M	20x	as long as short
Bitget GLWUSDT	+0.0274%	8h	161.90	0.000%	$2.2M	$793K	20x	as long as short
Binance GLWUSDT	+0.0573%	8h	161.95	+0.031%	$11.0M	$21.1M	20x	as long as short
Extended GLW-USD	+0.0576%	1h	161.92	+0.010%	$2K	$2K	10x	as long as short
BloFin GLW-USDT	+0.0593%	8h	161.80	−0.062%	$150K	$36K	20x	as long as short