Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 336.63 | +0.0050 | pay 0.0006% / 1h | 59m 29s | $1.7M | $1.5M | 20x | Long Ondo Perps5% off | |
| SHORT | 336.52 | −0.0050 | pay 0.0050% / 8h | 5h 59m | $958K | $7.0M | — | Short BingX |
Price gap−0.033%
Funding gap−0.0100% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.105% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$19−0.0100% /8h now · paid −0.189% over the last 7D
Price−$10spread −0.033% now, avg +0.072% → −0.105% if it goes back
Costs−$190.190% of $10k · taker + slippage, in and out
Result−$48−0.48%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / ExitBingX: thin, under $1M open interest
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−0.033%
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
/8hAAPL on 34 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books5.4 / 5.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + —Ondo Perps 20x, BingX —. 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: −$3.01Long Ondo Perps: 24 payments, −$1.51; short BingX: 3 payments, −$1.50.
- Watch: Gap narrower than usual−0.033% vs +0.072%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$958K vs $1.7M OIBingX 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 · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0090%/8h × 21 periods−$18.86
Price spread−0.033% → +0.072% (7d avg)−$10.48
Slippage, 4 orderslive order books−$4.00
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$48.34
Costs to cover0.190%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 4 min ago; BingX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps0.745.4 bp−$57.1 bp−$718.0 bp−$799doesn’t fit
SELL · SHORTBingX0.155.2 bp−$56.3 bp−$6313.1 bp−$1,30730.1 bp−$15.0K
Closing costs about the same again.
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