Funding arb · Price arb /

GLW

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against SunX−0.123%7-day average −0.032% · 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 4 days (all we have)+0.057%+$6 · spread now −0.123%, 7d avg −0.032%

Together, before fees+0.218%+ Points / potential airdropOndo Perps: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.091% cheaper against SunX than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.032%). If the spread goes back, that is −$9 on $10k: about 6.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GLW-USDT	162.29	0	get 0.0000% / 8h	4h 36m	$855	$1.8M	10x
Short	Ondo Perps GLW-USD.P	162.09	0.0050	get 0.0006% / 1h	36m 26s	$303K	$108K	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

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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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now −0.123%Rate

Funding earned: $10.58
Price spread: −0.123% → −0.032%: −$9.09
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: −$11.5
Costs to cover: 0.130%
Break-even: 14.6 days

Slippage unknown: SunX: live order book, 9 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, 9 min ago	500.55 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	−0.0411%	1h	162.11	−0.111%	$322K	$37K	10x	as long as short
Aster GLWUSDT	0.0000%	8h	162.47	+0.110%	$41K	$1K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	162.23	−0.037%	$931K	$200K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	162.18	−0.068%	$2.2M	$4.3M	50x	as long as short
SunX GLW-USDTlong	0.0000%	8h	162.29	long leg	$855	$1.8M	10x
HTX GLW-USDT	0.0000%	8h	162.38	+0.055%	$17K	$16K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	162.21	−0.049%	—	—	10x	as long as short
Ondo Perps GLW-USD.Pshort	+0.0050%	1h	162.09	−0.123%	$303K	$108K	10x
QFEX GLW-USD	+0.0078%	1h	162.29	0.000%	$1.1M	$2.0M	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	162.28	−0.006%	$326K	$937K	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	162.31	+0.012%	$2K	$2K	10x	as long as short
GRVT GLW_USDT_Perp	+0.0139%	8h	162.33	+0.025%	$19	$180K	10x	as long as short
Bitget GLWUSDT	+0.0212%	8h	162.29	0.000%	$2.2M	$848K	20x	as long as short
OKX GLW-USDT-SWAP	+0.0245%	8h	162.37	+0.049%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0357%	8h	162.33	+0.023%	$10.7M	$21.9M	20x	as long as short
Extended GLW-USD	+0.0360%	1h	162.29	+0.001%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0367%	8h	162.32	+0.018%	$155K	$36K	20x	as long as short