Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.5376 | +0.0100 | pay 0.0013% / 1h | 59m 18s | $559K | $83K | 10x | Long Ondo Perps5% off | |
| SHORT | 1.5343 | +0.0096 | get 0.0012% / 1h | 59m 18s | $133K | $598K | 50x | Short Popdex |
Price gap−0.215%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is 0.240% under its 7d average: the price leg works against you, −$24 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5−0.0004% /8h now · paid +0.054% over the last 6 days (all we have)
Price−$24spread −0.215% now, avg +0.025% → −0.240% if it goes back
Costs−$300.302% of $10k · taker + slippage, in and out
Result−$49−0.49%+ Points / potential airdropOndo Perps: 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−0.215%
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
/8hXRP on 52 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books6.6 / 4.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $200Ondo Perps 10x, Popdex 50x. 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: −$0.12Long Ondo Perps: 24 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.215% vs +0.025%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$133K vs $559K OIPopdex 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 · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0029%/8h × 21 periods+$6.09
Price spread−0.215% → +0.025% (7d avg)−$24.01
Slippage, 4 orderslive order books−$18.78
Fee Ondo Perps bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$48.10
Costs to cover0.302%Break-even62.3 days
Slippage: Ondo Perps: live order book, 8 min ago; Popdex: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps2.936.6 bp−$712.4 bp−$124doesn’t fitdoesn’t fit
SELL · SHORTPopdex0.984.8 bp−$57.9 bp−$79doesn’t fitdoesn’t fit
Closing costs about the same again.
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