Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4969 | +0.0096 | pay 0.0012% / 1h | 34m 42s | $63K | $353K | 20x | Long Popdex | |
| SHORT | 0.4986 | +0.0050 | get 0.0025% / 4h | 34m 42s | $463K | $573K | 10x | Short GRVT |
Price gap+0.337%
Funding gap−0.0046% /8h
The gap pays +$33 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 24 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1−0.0046% /8h now · paid +0.006% over the last 6 days (all we have)
Price+$33spread +0.337% now, avg +0.004% → +0.333% if it goes back
Costs−$510.511% of $10k · taker + slippage, in and out
Result−$17−0.17%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.337%
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
/8hONDO on 41 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size16.0 / 8.2 bpAt $10k entering Popdex costs 16.0 bp, fee and slippage, 2.0× GRVT’s.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.38Long Popdex: 24 payments, −$2.88; short GRVT: 6 payments, +$1.50.
- OK: Entry gap works for you+0.337% vs +0.004%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$63K vs $463K OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · GRVT NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0003%/8h × 21 periods+$0.69
Price spread+0.337% → +0.004% (7d avg)+$33.31
Slippage, 4 orderslive order books−$35.70
Fee Popdex bp × 2 orders−$6.40
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$17.09
Costs to cover0.511%Break-even179.8 days
Slippage: Popdex: live order book, 22 min ago; GRVT: live order book, 22 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex2.0016.0 bp−$16168.6 bp−$1,686doesn’t fitdoesn’t fit
SELL · SHORTGRVT3.008.2 bp−$824.4 bp−$244doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 10:22 | Bullet | Listing | By popular demand, $ONDO perps are now live on Bullet. 24/7. Up to 10x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗ |
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| 09-24 19:59 | OKX | Product | New X Drops Club is live in Europe. Trade $SOL, $ZEC, $NEAR, $ENA, $SUI, $ONDO, $CARDS, $AVAX, $ZAMA or $RENDER for a share of 1,125 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗ |
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