Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5017 | +0.0096 | pay 0.0012% / 1h | 31m 34s | $68K | $314K | 20x | Long Popdex | |
| SHORT | 0.5022 | +0.0100 | get 0.0050% / 4h | 3h 31m | $1.5M | $1.3M | 50x | Short Variational Omni+15% pts |
Price gap+0.108%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$15 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5+0.0004% /8h now · paid −0.050% over the last 6 days (all we have)
Price+$15spread +0.108% now, avg −0.043% → +0.151% if it goes back
Costs−$500.499% of $10k · taker + slippage, in and out
Result−$40−0.40%+ Points / potential airdropVariational Omni: 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+0.108%
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 size16.1 / 9.0 bpAt $10k entering Popdex costs 16.1 bp, fee and slippage, 1.8× Variational Omni’s.
- Note: Margin at max leverage$500 + $200Popdex 20x, Variational Omni 50x. 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: +$0.12Long Popdex: 24 payments, −$2.88; short Variational Omni: 6 payments, +$3.00.
- OK: Entry gap works for you+0.108% vs −0.043%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$68K vs $1.5M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0027%/8h × 21 periods−$5.74
Price spread+0.108% → −0.043% (7d avg)+$15.10
Slippage, 4 orderslive order books−$43.50
Fee Popdex bp × 2 orders−$6.40
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$40.54
Costs to cover0.499%Break-evennever at this rate
Slippage: Popdex: live order book, 40 min ago; Variational Omni: RFQ quote, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.9916.1 bp−$16125.9 bp−$1,259doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni4.989.0 bp−$913.0 bp−$130doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 10:22 | Bullet | Listing | By popular demand, $ONDO perps are now live on Bullet. 24/7. Up to 10x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗ |
| 09-30 07:30 | Bullet | Listing | new market ONDO-USD ($ONDO) seen by our collector |
| 09-30 01:05 | Reya | Listing | ONDORUSDPERP no longer reported ($ONDO) seen by our collector |
| 09-24 20:07 | 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 1,200 $OKB, worth around $150K. Pick your market. Chase the drop. @okx on X ↗ |
| 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 ↗ |
| 09-19 12:00 | KuCoin | Other | Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗ |


Bullet
OKX
KuCoin