Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 98.190 | 0 | 0.0000% / 1h | 56m 54s | $471K | $415K | 20x | Long Popdex | |
| SHORT | 98.070 | −0.0072 | pay 0.0009% / 1h | 56m 54s | $3.1M | $816K | 15x | Short Ondo Perps5% off |
Price gap−0.122%
Funding gap−0.0072% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.034% 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−$14−0.0072% /8h now · paid −0.142% over the last 7D
Price−$3spread −0.122% now, avg −0.088% → −0.034% if it goes back
Costs−$230.233% of $10k · taker + slippage, in and out
Result−$41−0.41%+ 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−0.122%
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
/8hBZ on 31 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books6.2 / 4.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $667Popdex 20x, Ondo Perps 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$2.16Long Popdex: 24 payments, $0.00; short Ondo Perps: 24 payments, −$2.16.
- Watch: Gap narrower than usual−0.122% vs −0.088%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$471K vs $3.1M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0070%/8h × 21 periods−$14.80
Price spread−0.122% → −0.088% (7d avg)−$3.39
Slippage, 4 orderslive order books−$11.86
Fee Popdex bp × 2 orders−$6.40
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$41.45
Costs to cover0.233%Break-evennever at this rate
Slippage: Popdex: live order book, 23 min ago; Ondo Perps: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex2.866.2 bp−$68.4 bp−$84doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps2.044.5 bp−$515.9 bp−$159doesn’t fitdoesn’t fit
Closing costs about the same again.
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