Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.9760 | +0.0069 | pay 0.0009% / 1h | 46m 23s | $431K | $594K | 10x | Long Ondo Perps5% off | |
| SHORT | 8.9800 | +0.0050 | get 0.0050% / 8h | 1h 46m | $943K | $1.3M | — | Short BingX |
Price gap+0.045%
Funding gap−0.0019% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.108% 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+$4−0.0019% /8h now · paid +0.041% over the last 7D
Price−$11spread +0.045% now, avg +0.152% → −0.108% if it goes back
Costs−$870.870% of $10k · taker + slippage, in and out
Result−$94−0.94%+ 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+0.045%
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
/8hBB on 11 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size13.9 / 30.8 bpAt $10k entering BingX costs 30.8 bp, fee and slippage, 2.2× Ondo Perps’s.
- Note: Margin at max leverage$1,000 + —Ondo Perps 10x, 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: −$0.56Long Ondo Perps: 24 payments, −$2.06; short BingX: 3 payments, +$1.50.
- Watch: Gap narrower than usual+0.045% vs +0.152%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$431K vs $943K 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: 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+0.0019%/8h × 21 periods+$4.07
Price spread+0.045% → +0.152% (7d avg)−$10.75
Slippage, 4 orderslive order books−$72.04
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$93.72
Costs to cover0.870%Break-even168.0 days
Slippage: Ondo Perps: live order book, 53 min ago; BingX: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps0.5613.9 bp−$1430.1 bp−$301doesn’t fitdoesn’t fit
SELL · SHORTBingX6.7030.8 bp−$3185.9 bp−$859385.2 bp−$38.5K870.2 bp−$435.1K
Closing costs about the same again.
| 09-28 19:52 | gTrade (Gains Network) | Listing | BB/USD no longer reported ($BB) seen by our collector |
| 09-24 17:30 | Vest Markets | Other | Trade $BB post-earnings volatility with a Vest Capital funded account. Access up to $25k in trading capital at: @VestExchange on X ↗ |
| 09-24 17:30 | Vest Markets | Other | $BB reported Q2 FY27 revenue of $163.3M, up 26% YoY, with adjusted EPS of $0.07 versus the $0.04 expected. On the day, $BB is up around 3%, with the raised full-year outlook weighed against a Q3 guide of $143M to $154M, below the $149.6M consensus. → Revenue: $163.3M versus the $145.6M consensus → FY27 revenue now guided to $616M to $636M, from $594M to $621M QNX revenue rose 27% to a record $80.3M, with the Coretura design win for the Volvo Group and Daimler Truck venture adding more than $100M to the royalty backlog. @VestExchange on X ↗ |
| 09-24 01:03 | Bitget | Other | All eyes on today’s $BB earnings, with QNX growth, Secure Communications demand and full-year guidance set to drive the market reaction. @bitget on X ↗ |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market BB/USD ($BB) seen by our collector |
| 09-18 16:42 | Backpack | Other | Earnings to watch for the week of September 21. ▸ Consumer: $COST $AZO $DRI $GIS ▸ Business services: $CTAS $PAYX ▸ Technology: $SNX $BB Full earnings calendar → @Backpack on X ↗ |

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