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: Ondo Perps against Orderly+0.025%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 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

The price spread pays, funding is against you. Ondo Perps is 0.025% dearer against Orderly than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GLW_USDC_mythos	160.50	0.0100	pay 0.0100% / 8h	3h 39m	$2K	$2K	10x
Short	Ondo Perps GLW-USD.P	160.54	0.0050	get 0.0006% / 1h	39m 38s	$300K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice 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 Orderly: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$18.92
Costs to cover: 0.110%
Break-even: never at this rate

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

Orderly 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
Aster GLWUSDT	0.0000%	8h	160.63	+0.082%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	160.24	−0.162%	$919K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	160.38	−0.075%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	160.49	−0.006%	$2.1M	$851K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	160.51	+0.006%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	160.57	+0.044%	$16K	$16K	20x	as long as short
Paragon para:GLW	+0.0011%	1h	160.42	−0.050%	$312K	$40K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0025%	8h	160.61	+0.071%	$344	$192K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	160.57	+0.044%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	160.43	−0.044%	$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.Pshort	+0.0050%	1h	160.54	+0.025%	$300K	$108K	10x
KuCoin GLWUSDTM	+0.0100%	8h	160.46	−0.025%	$323K	$929K	20x	as long as short
Orderly PERP_GLW_USDC_mythoslong	+0.0100%	8h	160.50	long leg	$2K	$2K	10x
OKX GLW-USDT-SWAP	+0.0171%	8h	160.15	−0.218%	$2.2M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0220%	8h	160.25	−0.156%	$10.5M	$21.9M	20x	as long as short
Extended GLW-USD	+0.0224%	1h	160.44	−0.039%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0225%	8h	160.57	+0.044%	$152K	$36K	20x	as long as short