Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4.5315 | −0.0114 | get 0.0114% / 8h | 2h 09m | $174.2M | $202.5M | 75x | Long Bybit | |
| SHORT | 4.5244 | +0.0100 | get 0.0013% / 1h | 9m 09s | $53K | $49K | 5x | Short Ondo Perps5% off |
Price gap−0.157%
Funding gap+0.0214% /8h
Funding pays +$6 a day on $10k, but the gap is 0.157% under zero (no 7-day history yet): −$16 if it goes back, about 2.4 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$26+0.0214% /8h now · paid +0.263% over the last 7D
Price—spread −0.157% now · no price history on both exchanges yet
Costs−$430.431% of $10k · taker + slippage, in and out
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−0.157%
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
/8hNEAR on 50 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size6.6 / 15.7 bpAt $10k entering Ondo Perps costs 15.7 bp, fee and slippage, 2.4× Bybit’s.
- Note: Margin at max leverage$133 + $2,000Bybit 75x, Ondo Perps 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$6.41Long Bybit: 3 payments, +$3.41; short Ondo Perps: 24 payments, +$3.00.
- Note: No 7-day spread history−0.157%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$53K vs $174.2M OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCBybit Yes · Ondo Perps NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0125%/8h × 21 periods+$26.35
Price spread−0.157% → 0−$15.67
Slippage, 4 orderslive order books−$27.15
Fee Bybit bp × 2 orders−$11.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$32.47
Costs to cover0.431%Break-even15.6 days
Slippage: Bybit: live order book, 1 min ago; Ondo Perps: live order book, 40 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit1.106.6 bp−$79.4 bp−$9425.4 bp−$2,539doesn’t fit
SELL · SHORTOndo Perps4.6615.7 bp−$1648.3 bp−$483doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-25 11:57 | Injective | Token | We’re tokenizing the Korean won for the first time on Injective. One of the world’s largest currencies is coming onchain to power a next-gen RWA ecosystem, and it lands in the same week that also brought a $INJ BuyBack worth up to $251,000 and private swaps across 37 chains. Below is everything that moved on Injective this past week ⤵️ 🟪 KRW1 brings won settlement to onchain RWAs on Injective, issued by @BDACSKorea as Korea’s first won backed stablecoin with reserves held at a major Korean bank. 🟪 The $INJ Community BuyBack went live with up to $251,000 in INJ set to be burned, plus bonus onchain stocks on @solana for participants coming up. 🟪 Launch tokens on Solana paired with $INJ through @runupdotfun, now live, and earn $INJ rewards by holding them. 🟪 Private swaps on Injective now go both ways with Nox Superswap from @TryNoxApp, which moves assets in from or out to 37 chains through NEAR Confidential Intents. 📊 Key Stats 🟪 More than 7.2 million $INJ has been burned to date, fueled each month by Injective revenue flowing into the Community BuyBack. 🟪 Injective's onchain revenue growth is accelerating, putting it ahead of many major blockchains in the space such as @dfinity and @SuiNetwork. 🟪 USDC supply on Injective is up 43% in the last month to $16.5M, and over $100M in stablecoin supply is set to migrate here soon as we become the canonical stablecoin standard for 20+ chains including @cosmos. 🌐 Ecosystem News 🟪 Our COO @mirza told @CNBC how 24/7 access and value retention can bring tokenized stocks onshore in the U.S. 🟪 @FinchTechAI, an AI-native marketplace with 35,000+ users and 10,000+ skills deployed, is now building on Injective to put AI agents on onchain financial rails. 🟪 Traders pushed $405 million through Injective native DEXs over the past 7 days, lifting cumulative volume to $84.3 billion. 🟪 The Injective Trench Treasury has sent all $INJ holder rewards earned from our $NINJACAT position on StonkFun to the @NinjaCatSF core contributors. The won is coming onchain, and the second Injective Stockdrop kicks off this week. Keep your eyes peeled for brand new upcoming releases on $INJ @injective on X ↗ |
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| 10-23 12:15 | SoDEX | Points | 🎉 Happy Points Day! Layer1 Season Week 7 points are LIVE! 🚀 SoDEX Open Interest Hits $309.53M! 🔥 Another milestone unlocked! From $270M to over $309M — thank you to our growing trading community! 🧡 ⚡ Week 8 Bonus: Trade ZEC-USD, NEAR-USD, TSLA-USD, META-USD, CL-USD, SPCX-USD, QNT-USD perps to earn 1.2× SoPoints on trading volume! 🎁 Check your points 👉 @sodex_official on X ↗ |
| 10-23 09:05 | Reya | Listing | new market NEARRUSDPERP ($NEAR) seen by our collector |
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