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Funding arb · Price arb /

BB

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 11:00 UTC−0.0870%/8h= −95.2% APRnext payment −$1.09 per $10,000 · paid last 24h −0.077%
Price spread now: Ondo Perps against tradeXYZ+0.093%7-day average −0.119% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on tradeXYZShort on Ondo Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.146%−$15 on $10k
Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.093%, 7d avg −0.119%
Together, before fees−0.450%+ Points / potential airdroptradeXYZ: Active · Ondo Perps: Active · farm board−$45 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.212% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.119%): +$21 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.146% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.09 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:BB8.84220.0920pay 0.0115% / 1h45m 58s$11.1M$3.2M10x
ShortOndo Perps BB-USD.P8.85040.0050get 0.0006% / 1h45m 58s$508K$387K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against tradeXYZ. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$182.63
Price spread: +0.093% → −0.119%
$21.17
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$184.47
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: tradeXYZ: live order book, 6 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 6 min ago0.73 bp16.4 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample—————
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BB on 9 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX BB-USD−0.0021%1h8.8400−0.025%$1.2M$195K10xas long as short
Bitget BBSTOCKUSDT0.0000%8h8.8370−0.059%$50K$16K20xas long as short
Vest BB-USD-PERP+0.0046%1h8.8500+0.088%—$77410xas long as short
Ondo Perps BB-USD.Pshort+0.0050%1h8.8504+0.093%$508K$387K10x
OKX BB-USDT-SWAP+0.0237%8h8.8330−0.104%$224K$593K20xas long as short
MEXC BBSTOCK_USDT+0.0267%8h8.8300−0.138%$326K$110K50xas long as short
Lighter BB+0.0792%1h8.8592+0.192%$194K$151K10xas long as short
Extended BB-USD+0.0904%1h8.8415−0.008%$9K$11K10xas long as short
tradeXYZ xyz:BBlong+0.0920%1h8.8422long leg$11.1M$3.2M10x