Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 110.03 | +0.0050 | pay 0.0006% / 1h | 12m 19s | $445K | $4.3M | 10x | Long Ondo Perps5% off | |
| SHORT | 110.06 | 0 | 0.0000% / 8h | 3h 12m | $2.8M | $2.1M | 20x | Short MEXC |
Price gap+0.027%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.127% 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−$10−0.0050% /8h now · paid −0.096% over the last 7D
Price−$13spread +0.027% now, avg +0.154% → −0.127% if it goes back
Costs−$380.376% of $10k · taker + slippage, in and out
Result−$60−0.60%+ 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+0.027%
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 30 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books9.3 / 7.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Ondo Perps 10x, MEXC 20x. 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: −$1.51Long Ondo Perps: 24 payments, −$1.51; short MEXC: 3 payments, $0.00.
- Watch: Gap narrower than usual+0.027% vs +0.154%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$445K vs $2.8M 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 · MEXC YesKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0046%/8h × 21 periods−$9.62
Price spread+0.027% → +0.154% (7d avg)−$12.69
Slippage, 4 orderslive order books−$24.58
Fee Ondo Perps bp × 2 orders−$5.00
Fee MEXC bp × 2 orders−$8.00
Net · 7 days · $10k−$59.89
Costs to cover0.376%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 5 min ago; MEXC: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps5.929.3 bp−$911.6 bp−$116doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.457.3 bp−$79.7 bp−$97208.2 bp−$20.8Kdoesn’t fit
Closing costs about the same again.
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