Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Orderly+0.050%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on KuCoin

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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.050% dearer against Orderly than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GLW_USDC_mythos	160.00	0.0100	pay 0.0100% / 8h	3h 38m	$2K	$2K	10x
Short	KuCoin GLWUSDTM	160.08	0.0100	get 0.0100% / 8h	3h 38m	$322K	$929K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → 0.000%: $5
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 6 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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	2.49 bp	356.7 bp −$357	doesn't fit	doesn't fit	doesn't fit

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	160.28	+0.172%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	160.09	+0.056%	$918K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	160.03	+0.019%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	160.07	+0.044%	$2.2M	$856K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	159.96	−0.025%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	160.57	+0.356%	$16K	$16K	20x	as long as short
Paragon para:GLW	+0.0021%	1h	160.00	−0.001%	$311K	$41K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0025%	8h	160.61	+0.384%	$344	$192K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	160.12	+0.075%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	160.43	+0.269%	$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.P	+0.0050%	1h	160.54	+0.337%	$300K	$108K	10x	as long as short
KuCoin GLWUSDTMshort	+0.0100%	8h	160.08	+0.050%	$322K	$929K	20x
Orderly PERP_GLW_USDC_mythoslong	+0.0100%	8h	160.00	long leg	$2K	$2K	10x
OKX GLW-USDT-SWAP	+0.0171%	8h	160.21	+0.131%	$2.2M	$4.4M	20x	as long as short
Extended GLW-USD	+0.0216%	1h	160.06	+0.039%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0220%	8h	160.11	+0.069%	$10.5M	$22.0M	20x	as long as short
BloFin GLW-USDT	+0.0245%	8h	160.59	+0.369%	$152K	$36K	20x	as long as short