Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin−0.068%7-day average +0.002% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.068%, 7d avg +0.002%

Together, before fees+0.062%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.069% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GLWUSDTM	162.29	0.0100	pay 0.0100% / 8h	4h 34m	$327K	$936K	20x
Short	Ondo Perps GLW-USD.P	162.18	0.0050	get 0.0006% / 1h	34m 43s	$303K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$10.42
Price spread: −0.068% → +0.002%: −$6.93
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$34.34
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 15 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 KuCoin live order book, 15 min ago	2.16 bp	389.9 bp −$390	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	−0.0397%	1h	162.13	−0.099%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.45	+0.099%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.26	−0.018%	$931K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.17	−0.074%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDT	0.0000%	8h	162.20	−0.055%	$884	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	162.38	+0.055%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.23	−0.037%	—	—	10x	as long as short
Ondo Perps GLW-USD.Pshort	+0.0050%	1h	162.18	−0.068%	$303K	$108K	10x
QFEX GLW-USD	+0.0078%	1h	162.25	−0.025%	$1.1M	$2.0M	10x	as long as short
KuCoin GLWUSDTMlong	+0.0100%	8h	162.29	long leg	$327K	$936K	20x

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	162.28	−0.006%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0140%	8h	162.34	+0.032%	$315	$182K	10x	as long as short
Bitget GLWUSDT	+0.0206%	8h	162.29	0.000%	$2.2M	$848K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0244%	8h	162.34	+0.031%	$2.3M	$4.4M	20x	as long as short
BloFin GLW-USDT	+0.0337%	8h	162.31	+0.012%	$155K	$36K	20x	as long as short
Binance GLWUSDT	+0.0355%	8h	162.30	+0.006%	$10.7M	$21.9M	20x	as long as short
Extended GLW-USD	+0.0360%	1h	162.26	−0.019%	$2K	$1K	10x	as long as short