Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 20.219 | +0.0011 | pay 0.0001% / 1h | 3m 08s | $413K | $365K | 10x | Long tradeXYZ | |
| SHORT | 20.209 | +0.0050 | get 0.0006% / 1h | 3m 08s | $16K | $96K | 5x | Short Ondo Perps5% off |
Price gap−0.049%
Funding gap+0.0039% /8h
Funding pays +$1 a day on $10k, but the gap is 0.038% under its 7d average: −$4 if it goes back, about 3.2 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6+0.0039% /8h now · paid −0.059% over the last 7D
Price−$4spread −0.049% now, avg −0.012% → −0.038% if it goes back
Costsno datano order book for Ondo Perps
Result, before costs−$10−0.10%+ Points / potential airdroptradeXYZ: points · Ondo Perps: points · farm boardcosts unknown: no order book for Ondo Perps · What 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−0.049%
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
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Ondo Perps: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $2,000tradeXYZ 10x, Ondo Perps 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$1.17Long tradeXYZ: 24 payments, −$0.34; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.049% vs −0.012%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$16K vs $413K OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ points · Ondo Perps pointsVolume here counts toward the points program.
- OK: No KYC on either legtradeXYZ No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0028%/8h × 21 periods−$5.87
Price spread−0.049% → −0.012% (7d avg)−$3.77
Slippage, 4 ordersno data for Ondo Perps—
Fee tradeXYZ bp × 2 orders−$1.80
Fee Ondo Perps bp × 2 orders−$5.00
Net, fees only · 7 days · $10k−$16.44
Costs to cover0.068%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 21 min ago; Ondo Perps: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ2.243.1 bp−$39.2 bp−$92146.4 bp−$14.6Kdoesn’t fit
SELL · SHORTOndo Perps—————
Closing costs about the same again.
Ondo Perps: no data.
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