Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2107 | +0.0100 | pay 0.0013% / 1h | 17m 16s | $185K | $242K | 5x | Long Ondo Perps5% off | |
| SHORT | 0.2107 | −0.4464 | pay 0.0558% / 1h | 17m 16s | $178K | $338K | 10x | Short RISExInvite |
Price gap−0.005%
Funding gap−0.4564% /8h
Both sides work against this direction now: funding costs $137 a day on $10k and the gap is 0.023% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$14−0.4564% /8h now · paid −0.140% over the last 7D
Price−$2spread −0.005% now, avg +0.019% → −0.023% if it goes back
Costs−$9399.386% of $10k · taker + slippage, in and out
Result−$955−9.55%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.140% in total, about −0.0067%/8h on average.
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−0.005%
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
3 ok · 3 to watch- Watch: Thin at this size24.7 / 5.2 bpAt $10k entering Ondo Perps costs 24.7 bp, fee and slippage, 4.8× RISEx’s.
- Note: Margin at max leverage$2,000 + $1,000Ondo Perps 5x, RISEx 10x. 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: −$136.93Long Ondo Perps: 24 payments, −$3.00; short RISEx: 24 payments, −$133.93.
- Watch: Gap narrower than usual−0.005% vs +0.019%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$178K vs $185K OIRISEx 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 · RISEx NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0067%/8h × 21 periods−$14.03
Price spread−0.005% → +0.019% (7d avg)−$2.34
Slippage, 4 orderslive order books−$927.58
Fee Ondo Perps bp × 2 orders−$5.00
Fee RISEx bp × 2 orders−$6.00
Net · 7 days · $10k−$954.96
Costs to cover9.386%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 11 min ago; RISEx: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps9.1124.7 bp−$25doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTRISEx1.925.2 bp−$530.0 bp−$300doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-23 09:05 | Reya | Listing | new market ENARUSDPERP ($ENA) seen by our collector |
| 10-21 12:23 | OKX | Other | ZEC (@Zcash) takes the spotlight in X Drops in Europe. Hold ZEC, TAO, LTC, ONDO, LINK, ZRO, LIT, ENA, DOGE or ARB for a share of 200 $ZEC, with 2× on all ZEC trades. Ends Oct 26, 14:00 CEST. @okx on X ↗ |
| 10-20 09:08 | Bullet | Listing | By popular demand, $ENA perps are now live on Bullet. 24/7. Up to 20x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗ |
| 10-20 08:16 | Bullet | Listing | new market ENA-USD ($ENA) seen by our collector |
| 10-16 07:56 | Pacifica | Listing | $ENA Print is now live on Pacifica. Place Print $ENA orders with up to 10x leverage! Start printing: @pacifica_fi on X ↗ |
| 10-13 15:13 | OKX | Other | Europe, your next X Drops club is here. near:native, $ZEC, $XRP, $ONDO, $ENA, $SUI, $TAO, $HYPE, $PUMP, $LIT and $ZRO are in, with 38,000 near:native up for grabs. Join the drop. @okx on X ↗ |

OKX
Bullet
Pacifica