Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 60.360 | +0.0050 | pay 0.0006% / 1h | 45m 08s | $1.3M | $1.8M | 10x | Long Ondo Perps5% off | |
| SHORT | 60.450 | +0.0184 | get 0.0023% / 1h | 45m 08s | $366K | $128K | 20x | Short Popdex |
Price gap+0.149%
Funding gap+0.0134% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.036% above its 7d average: +$4 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1+0.0134% /8h now · paid −0.013% over the last 7D
Price+$4spread +0.149% now, avg +0.113% → +0.036% if it goes back
Costs−$280.283% of $10k · taker + slippage, in and out
Result−$26−0.26%+ 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+0.149%
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
/8hDRAM on 35 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books6.2 / 10.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Ondo Perps 10x, Popdex 20x. 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: +$4.01Long Ondo Perps: 24 payments, −$1.51; short Popdex: 24 payments, +$5.52.
- OK: Entry gap works for you+0.149% vs +0.113%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$366K vs $1.3M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- OK: No KYC on either legOndo Perps No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0007%/8h × 21 periods−$1.40
Price spread+0.149% → +0.113% (7d avg)+$3.57
Slippage, 4 orderslive order books−$16.87
Fee Ondo Perps bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$26.10
Costs to cover0.283%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 5 min ago; Popdex: live order book, 54 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps0.836.2 bp−$617.9 bp−$17936.8 bp−$3,685doesn’t fit
SELL · SHORTPopdex3.3210.1 bp−$1021.1 bp−$211doesn’t fitdoesn’t fit
Closing costs about the same again.
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