Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%

Price spread now: Orderly against Ondo Perps−0.025%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Orderly

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. Orderly is 0.025% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 40 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GLW-USD.P	160.54	0.0050	pay 0.0006% / 1h	39m 35s	$300K	$108K	10x
Short	Orderly PERP_GLW_USDC_mythos	160.50	0.0100	get 0.0100% / 8h	3h 39m	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.025%Rate

Funding earned: $10.42
Price spread: −0.025% → 0.000%: −$2.49
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$3.08
Costs to cover: 0.110%
Break-even: 9.1 days

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

Ondo Perps and Orderly: 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	160.63	+0.057%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	160.24	−0.187%	$919K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	160.38	−0.100%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	160.49	−0.031%	$2.1M	$851K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	160.51	−0.019%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	160.57	+0.019%	$16K	$16K	20x	as long as short
Paragon para:GLW	+0.0011%	1h	160.42	−0.074%	$312K	$40K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0025%	8h	160.61	+0.046%	$344	$192K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	160.57	+0.019%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	160.43	−0.069%	$1.1M	$1.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps GLW-USD.Plong	+0.0050%	1h	160.54	long leg	$300K	$108K	10x
KuCoin GLWUSDTM	+0.0100%	8h	160.46	−0.050%	$323K	$929K	20x	as long as short
Orderly PERP_GLW_USDC_mythosshort	+0.0100%	8h	160.50	−0.025%	$2K	$2K	10x
OKX GLW-USDT-SWAP	+0.0171%	8h	160.15	−0.243%	$2.2M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0220%	8h	160.25	−0.181%	$10.5M	$21.9M	20x	as long as short
Extended GLW-USD	+0.0224%	1h	160.44	−0.064%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0225%	8h	160.57	+0.019%	$152K	$36K	20x	as long as short