Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 20.822 | +0.0050 | pay 0.0006% / 1h | 57m 42s | $18K | $359K | 5x | Long Ondo Perps5% off | |
| SHORT | 20.870 | +0.0050 | get 0.0050% / 8h | 3h 57m | $919K | $824K | — | Short BingX |
Price gap+0.231%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$6 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$20.0000% /8h now · paid +0.016% over the last 7D
Price+$6spread +0.231% now, avg +0.174% → +0.057% if it goes back
Costs−$870.865% of $10k · taker + slippage, in and out
Result−$79−0.79%+ 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+0.231%
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 size13.4 / 35.6 bpAt $10k entering BingX costs 35.6 bp, fee and slippage, 2.7× Ondo Perps’s.
- Note: Margin at max leverage$2,000 + —Ondo Perps 5x, 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: −$0.01Long Ondo Perps: 24 payments, −$1.51; short BingX: 3 payments, +$1.50.
- OK: Entry gap works for you+0.231% vs +0.174%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$18K vs $919K 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+0.0008%/8h × 21 periods+$1.58
Price spread+0.231% → +0.174% (7d avg)+$5.70
Slippage, 4 orderslive order books−$71.54
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$79.25
Costs to cover0.865%Break-even357.0 days
Slippage: Ondo Perps: live order book, 34 min ago; BingX: live order book, 46 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps10.3113.4 bp−$1383.0 bp−$830doesn’t fitdoesn’t fit
SELL · SHORTBingX2.3935.6 bp−$36107.2 bp−$1,072266.1 bp−$26.6K757.8 bp−$378.9K
Closing costs about the same again.
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