Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 20.860 | 0 | 0.0000% / 8h | 3h 04m | $225K | $116K | 50x | Long MEXC | |
| SHORT | 20.837 | −0.0014 | pay 0.0002% / 1h | 4m 34s | $18K | $359K | 5x | Short Ondo Perps5% off |
Price gap−0.110%
Funding gap−0.0014% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 6.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$12−0.0014% /8h now · paid +0.117% over the last 7D
Price+$3spread −0.110% now, avg −0.137% → +0.026% if it goes back
Costs−$690.692% of $10k · taker + slippage, in and out
Result−$55−0.55%+ 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−0.110%
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
/8hDKNG on 17 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size21.0 / 14.2 bpAt $10k entering MEXC costs 21.0 bp, fee and slippage, 1.5× Ondo Perps’s.
- Note: Margin at max leverage$200 + $2,000MEXC 50x, Ondo Perps 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.41Long MEXC: 3 payments, $0.00; short Ondo Perps: 24 payments, −$0.41.
- OK: Entry gap works for you−0.110% vs −0.137%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$18K vs $225K 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: KYCMEXC Yes · Ondo Perps NoKYC 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+0.0056%/8h × 21 periods+$11.70
Price spread−0.110% → −0.137% (7d avg)+$2.64
Slippage, 4 orderslive order books−$60.25
Fee MEXC bp × 2 orders−$4.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$54.91
Costs to cover0.692%Break-even39.9 days
Slippage: MEXC: live order book, 59 min ago; Ondo Perps: live order book, 22 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC2.3921.0 bp−$21103.0 bp−$1,030210.1 bp−$21.0Kdoesn’t fit
SELL · SHORTOndo Perps10.3314.2 bp−$1470.1 bp−$701doesn’t fitdoesn’t fit
Closing costs about the same again.
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