Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Aster+0.269%47s7-day average — · you sell dearer than you buy

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.269% dearer against Aster than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GLWUSDT	159.16	0	get 0.0000% / 8h	5h 46m	$65K	$53K	20x
Short	Ondo Perps GLW-USD.P	159.59	0.0050	get 0.0006% / 1h	46m 56s	$281K	$113K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. 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 AsterbpFee Ondo PerpsbpOrdersPrice spread, now +0.269%Rate

Funding earned: $10.58
Price spread: +0.269% → 0.000%: $26.88
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $24.46
Costs to cover: 0.130%
Break-even: from the start

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

Aster 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 exchanges

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
Bitget GLWUSDT	−0.0038%	8h	159.37	+0.131%	$2.1M	$1.1M	20x	as long as short
Aster GLWUSDTlong	0.0000%	8h	159.16	long leg	$65K	$53K	20x
Bybit GLWUSDT	0.0000%	8h	159.48	+0.200%	$908K	$240K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.35	+0.118%	$2.2M	$4.4M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	159.44	+0.175%	$1K	$1.6M	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	158.81	−0.221%	—	—	10x	as long as short
Ondo Perps GLW-USD.Pshort	+0.0050%	1h	159.59	+0.269%	$281K	$113K	10x
QFEX GLW-USD	+0.0059%	1h	159.32	+0.099%	$1.1M	$1.8M	10x	as long as short
Paragon para:GLW	+0.0060%	1h	159.34	+0.110%	$310K	$41K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	159.37	+0.131%	$379K	$866K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.31	+0.093%	$2K	$3K	10x	as long as short
BloFin GLW-USDT	+0.0108%	8h	159.47	+0.193%	$105K	$45K	20x	as long as short
Binance GLWUSDT	+0.0144%	8h	159.41	+0.154%	$10.5M	$26.8M	20x	as long as short
Extended GLW-USD	+0.0144%	1h	159.37	+0.129%	$2K	$1K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0184%	8h	159.54	+0.237%	$2.2M	$5.1M	20x	as long as short
HTX GLW-USDT	+0.0203%	8h	159.47	+0.193%	$17K	$22K	20x	as long as short
GRVT GLW_USDT_Perp	+0.0790%	8h	159.57	+0.254%	$630	$235K	10x	as long as short