Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.048%

Price spread now: Ondo Perps against SunX−0.019%7-day average −0.027% · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.019%, 7d avg −0.027%

Together, before fees+0.145%+ Points / potential airdropOndo Perps: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GLW-USDT	161.31	0	get 0.0000% / 8h	13m 47s	$918	$2.0M	10x
Short	Ondo Perps GLW-USD.P	161.28	0.0050	get 0.0006% / 1h	13m 47s	$301K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. 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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now −0.019%Rate

Funding earned: $10.58
Price spread: −0.019% → −0.027%: $0.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.57
Costs to cover: 0.130%
Break-even: 8.0 days

Slippage unknown: SunX: live order book, 2 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 SunX live order book, 2 min ago	500.45 bp	doesn't fit	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	−0.0022%	1h	161.19	−0.076%	$321K	$29K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	161.47	+0.101%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	161.26	−0.031%	$923K	$196K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	161.06	−0.155%	$2.2M	$4.2M	50x	as long as short
SunX GLW-USDTlong	0.0000%	8h	161.31	long leg	$918	$2.0M	10x
Vest GLW-USD-PERP	+0.0046%	1h	161.29	−0.012%	—	—	10x	as long as short
Ondo Perps GLW-USD.Pshort	+0.0050%	1h	161.28	−0.019%	$301K	$105K	10x
QFEX GLW-USD	+0.0065%	1h	161.15	−0.099%	$1.1M	$2.2M	10x	as long as short
HTX GLW-USDT	+0.0100%	8h	161.44	+0.081%	$17K	$16K	20x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	161.27	−0.025%	$323K	$999K	20x	as long as short

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	161.17	−0.087%	$2K	$2K	10x	as long as short
Bitget GLWUSDT	+0.0199%	8h	161.14	−0.105%	$2.2M	$935K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0265%	8h	161.16	−0.093%	$2.3M	$4.5M	20x	as long as short
BloFin GLW-USDT	+0.0568%	8h	161.49	+0.112%	$151K	$35K	20x	as long as short
Extended GLW-USD	+0.0584%	1h	161.14	−0.105%	$2K	$2K	10x	as long as short
Binance GLWUSDT	+0.0587%	8h	161.16	−0.090%	$11.0M	$21.1M	20x	as long as short
GRVT GLW_USDT_Perp	+0.0630%	8h	161.34	+0.017%	$97	$174K	10x	as long as short