Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 516.77 | +0.0243 | pay 0.0243% / 8h | 4h 56m | $1.5M | $149K | 50x | Long Bybit | |
| SHORT | 515.46 | +0.0050 | get 0.0006% / 1h | 56m 19s | $1.1M | $406K | 10x | Short Ondo Perps5% off |
Price gap−0.253%
Funding gap−0.0193% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.055% 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−$18−0.0193% /8h now · paid −0.180% over the last 7D
Price−$5spread −0.253% now, avg −0.199% → −0.055% if it goes back
Costs−$410.407% of $10k · taker + slippage, in and out
Result−$64−0.64%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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−0.253%
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
/8hAMD on 39 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books14.8 / 6.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $1,000Bybit 50x, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$5.79Long Bybit: 3 payments, −$7.30; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.253% vs −0.199%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Short leg is thinner$1.1M vs $1.5M OIBoth legs are deep; Ondo Perps is the smaller one.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCBybit Yes · Ondo Perps NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0086%/8h × 21 periods−$18.01
Price spread−0.253% → −0.199% (7d avg)−$5.45
Slippage, 4 orderslive order books−$24.74
Fee Bybit bp × 2 orders−$11.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$64.20
Costs to cover0.407%Break-evennever at this rate
Slippage: Bybit: live order book, 4 min ago; Ondo Perps: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit2.4314.8 bp−$1594.0 bp−$940doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps2.336.7 bp−$714.9 bp−$149doesn’t fitdoesn’t fit
Closing costs about the same again.
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