Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 184.84 | +0.0050 | pay 0.0006% / 1h | 59m 18s | $525K | $1.8M | 10x | Long Ondo Perps5% off | |
| SHORT | 185.03 | +0.0159 | get 0.0159% / 8h | 2h 59m | $916K | $1.7M | — | Short BingX |
Price gap+0.103%
Funding gap+0.0109% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.041% above its 7d average: +$4 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1+0.0109% /8h now · paid +0.006% over the last 7D
Price+$4spread +0.103% now, avg +0.062% → +0.041% if it goes back
Costs−$280.277% of $10k · taker + slippage, in and out
Result−$23−0.23%+ 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+0.103%
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
/8hCBRS on 28 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books4.7 / 6.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- 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: +$3.26Long Ondo Perps: 24 payments, −$1.51; short BingX: 3 payments, +$4.77.
- OK: Entry gap works for you+0.103% vs +0.062%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$525K vs $916K 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+0.0003%/8h × 21 periods+$0.57
Price spread+0.103% → +0.062% (7d avg)+$4.13
Slippage, 4 orderslive order books−$12.67
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$22.97
Costs to cover0.277%Break-even288.1 days
Slippage: Ondo Perps: live order book, 3 min ago; BingX: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps2.164.7 bp−$510.1 bp−$101doesn’t fitdoesn’t fit
SELL · SHORTBingX0.276.6 bp−$725.3 bp−$25367.3 bp−$6,728235.6 bp−$117.8K
Closing costs about the same again.
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