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= −5.5% APRpaid last 24h +0.034%

Price spread now: Gate against Ondo Perps−0.063%7-day average +0.039% · you buy dearer than you sell

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

Long on Ondo Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.063%, 7d avg +0.039%

Together, before fees−0.130%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.101% cheaper against Ondo Perps than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GLW-USD.P	159.16	0.0050	pay 0.0006% / 1h	18m 18s	$290K	$118K	10x
Short	Gate GLW_USDT	159.06	0	get 0.0000% / 8h	3h 18m	$2.2M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee GatebpOrdersPrice spread, now −0.063%Rate

Funding earned: −$10.58
Price spread: −0.063% → +0.039%: −$10.14
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.73
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 5 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	8.47 bp	18.7 bp −$19	237.4 bp −$2,374	doesn't fit	doesn't fit

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	159.40	+0.152%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.20	+0.025%	$914K	$202K	25x	as long as short
Gate GLW_USDTshort	0.0000%	8h	159.06	−0.063%	$2.2M	$4.2M	50x
Bitget GLWUSDT	0.0000%	8h	159.20	+0.025%	$2.1M	$867K	20x	as long as short
GRVT GLW_USDT_Perp	0.0000%	8h	159.55	+0.244%	$185	$197K	10x	as long as short
SunX GLW-USDT	0.0000%	8h	159.13	−0.019%	$1K	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.38	+0.138%	$16K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.20	+0.025%	—	—	10x	as long as short
QFEX GLW-USD	+0.0050%	1h	159.14	−0.013%	$1.1M	$1.8M	10x	as long as short
Ondo Perps GLW-USD.Plong	+0.0050%	1h	159.16	long leg	$290K	$118K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:GLW	+0.0057%	1h	159.17	+0.008%	$310K	$41K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	159.21	+0.031%	$321K	$922K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.20	+0.025%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0123%	8h	159.24	+0.050%	$2.2M	$4.4M	20x	as long as short
Extended GLW-USD	+0.0160%	1h	159.16	−0.002%	$2K	$1K	10x	as long as short
Binance GLWUSDT	+0.0162%	8h	159.21	+0.030%	$10.4M	$22.3M	20x	as long as short
BloFin GLW-USDT	+0.0170%	8h	159.58	+0.264%	$150K	$36K	20x	as long as short