Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1946 | +0.0100 | pay 0.0013% / 1h | 43m 26s | $178K | $221K | 5x | Long Ondo Perps5% off | |
| SHORT | 0.1948 | +0.0064 | get 0.0008% / 1h | 43m 26s | $570K | $418K | — | Short AZverse |
Price gap+0.092%
Funding gap−0.0036% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 3.4 days. At the last 7 days' pace that is about 41 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0036% /8h now · paid −0.015% over the last 17 hours (all we have)
Price+$4spread +0.092% now, avg +0.056% → +0.037% if it goes back
Costsno datano order book for AZverse
Result, before costs+$2+0.02%+ Points / potential airdropOndo Perps: points · farm boardcosts unknown: no order book for AZverse · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.092%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hENA on 45 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$2,000 + —Ondo Perps 5x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$1.07Long Ondo Perps: 24 payments, −$3.00; short AZverse: 24 payments, +$1.93.
- OK: Entry gap works for you+0.092% vs +0.056%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$178K vs $570K OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- OK: No KYC on either legOndo Perps No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0072%/8h × 21 periods−$15.07
Price spread+0.092% → +0.056% (7d avg)+$3.66
Slippage, 4 ordersno data for AZverse—
Fee Ondo Perps bp × 2 orders−$5.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$28.41
Costs to cover0.170%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 5 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps3.086.8 bp−$711.6 bp−$116doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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