Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4.4875 | +0.0100 | pay 0.0013% / 1h | 9m 02s | $52K | $50K | 5x | Long Ondo Perps5% off | |
| SHORT | 4.4930 | +0.0051 | get 0.0051% / 8h | 3h 09m | $3.8M | $8.6M | 50x | Short Phemex |
Price gap+0.123%
Funding gap−0.0049% /8h
The gap pays +$12 on $10k if it goes back to zero (no 7-day history yet), but funding costs $1 a day and eats that in about 8.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13−0.0049% /8h now · paid −0.135% over the last 7D
Price—spread +0.123% now · no price history on both exchanges yet
Costsno datano order book for Ondo Perps
Result, before costs—+ Points / potential airdropOndo Perps: points · farm boardneeds both price histories
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+0.123%
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 · 3 to watch- Note: Order book unknown—No order-book sample for Ondo Perps: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $200Ondo Perps 5x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.46Long Ondo Perps: 24 payments, −$3.00; short Phemex: 3 payments, +$1.54.
- Note: No 7-day spread history+0.123%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$52K vs $3.8M 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: KYCOndo Perps No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0064%/8h × 21 periods−$13.49
Price spread+0.123% → 0+$12.26
Slippage, 4 ordersno data for Ondo Perps—
Fee Ondo Perps bp × 2 orders−$5.00
Fee Phemex bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$18.23
Costs to cover0.170%Break-evennever at this rate
Slippage: Ondo Perps: no order-book sample; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps—————
SELL · SHORTPhemex1.1112.1 bp−$1227.7 bp−$277113.6 bp−$11.4Kdoesn’t fit
Closing costs about the same again.
Ondo Perps: no data.
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