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 | 56m 21s | $18K | $359K | 5x | Long Ondo Perps5% off | |
| SHORT | 20.870 | 0 | 0.0000% / 8h | 3h 56m | $225K | $112K | 50x | Short MEXC |
Price gap+0.231%
Funding gap−0.0050% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 6.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$12−0.0050% /8h now · paid −0.117% over the last 7D
Price+$9spread +0.231% now, avg +0.138% → +0.093% if it goes back
Costs−$690.695% of $10k · taker + slippage, in and out
Result−$72−0.72%+ 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 / 20.8 bpAt $10k entering MEXC costs 20.8 bp, fee and slippage, 1.6× Ondo Perps’s.
- Note: Margin at max leverage$2,000 + $200Ondo Perps 5x, MEXC 50x. 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.
- OK: Entry gap works for you+0.231% vs +0.138%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long 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: 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−0.0056%/8h × 21 periods−$11.70
Price spread+0.231% → +0.138% (7d avg)+$9.25
Slippage, 4 orderslive order books−$60.48
Fee Ondo Perps bp × 2 orders−$5.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$71.92
Costs to cover0.695%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 35 min ago; MEXC: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps10.3113.4 bp−$1383.0 bp−$830doesn’t fitdoesn’t fit
SELL · SHORTMEXC2.3920.8 bp−$21103.4 bp−$1,034208.3 bp−$20.8Kdoesn’t fit
Closing costs about the same again.
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