Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.078%

Price spread now: Orderly against Extended−0.035%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.035% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GLW-USD	159.65	0.0160	pay 0.0020% / 1h	15m 08s	$2K	$1K	10x
Short	Orderly PERP_GLW_USDC_mythos	159.59	0.0100	get 0.0100% / 8h	3h 15m	$2K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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 ExtendedbpFee OrderlybpOrdersPrice spread, now −0.035%Rate

Funding earned: −$12.6
Price spread: −0.035% → 0.000%: −$3.49
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$27.09
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: 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 Extended no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Extended 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	159.74	+0.061%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.56	−0.054%	$915K	$203K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.50	−0.091%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	159.67	+0.015%	$2.1M	$870K	20x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	159.42	−0.142%	$367	$198K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	159.65	+0.003%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.61	−0.022%	$16K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.60	−0.029%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	159.68	+0.021%	$1.1M	$1.8M	10x	as long as short
Ondo Perps GLW-USD.P	+0.0050%	1h	159.45	−0.123%	$288K	$118K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:GLW	+0.0060%	1h	159.51	−0.082%	$311K	$41K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	159.54	−0.066%	$321K	$921K	20x	as long as short
Orderly PERP_GLW_USDC_mythosshort	+0.0100%	8h	159.59	−0.035%	$2K	$2K	10x
OKX GLW-USDT-SWAP	+0.0124%	8h	159.65	+0.003%	$2.2M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0157%	8h	159.63	−0.010%	$10.4M	$22.4M	20x	as long as short
Extended GLW-USDlong	+0.0160%	1h	159.65	long leg	$2K	$1K	10x
BloFin GLW-USDT	+0.0162%	8h	159.73	+0.053%	$151K	$36K	20x	as long as short