Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 290.97 | −0.0050 | get 0.0050% / 8h | 1h 44m | $975K | $2.0M | — | Long BingX | |
| SHORT | 289.02 | +0.0050 | get 0.0006% / 1h | 44m 18s | $285K | $112K | 10x | Short Ondo Perps5% off |
Price gap−0.670%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.562% under its 7d average: −$56 if it goes back, about 19 days of funding. At the last 7 days' pace that is about 4 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$3+0.0100% /8h now · paid +0.031% over the last 7D
Price−$56spread −0.670% now, avg −0.108% → −0.562% if it goes back
Costs−$520.525% of $10k · taker + slippage, in and out
Result−$106−1.06%+ 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−0.670%
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
/8hARM on 26 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size7.6 / 17.8 bpAt $10k entering Ondo Perps costs 17.8 bp, fee and slippage, 2.3× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, 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: +$3.01Long BingX: 3 payments, +$1.50; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.670% vs −0.108%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$285K vs $975K OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · Ondo Perps NoAdvanced 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+0.0015%/8h × 21 periods+$3.14
Price spread−0.670% → −0.108% (7d avg)−$56.19
Slippage, 4 orderslive order books−$37.46
Fee BingX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$105.52
Costs to cover0.525%Break-even242.1 days
Slippage: BingX: live order book, 7 min ago; Ondo Perps: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.177.6 bp−$819.3 bp−$19375.0 bp−$7,500482.2 bp−$241.1K
SELL · SHORTOndo Perps15.3017.8 bp−$1817.8 bp−$178doesn’t fitdoesn’t fit
Closing costs about the same again.
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