Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 60.750 | +0.0064 | pay 0.0008% / 1h | 16m 03s | $368K | $128K | 20x | Long Popdex | |
| SHORT | 60.680 | +0.0050 | get 0.0006% / 1h | 16m 03s | $1.4M | $2.0M | 10x | Short Ondo Perps5% off |
Price gap−0.115%
Funding gap−0.0014% /8h
Funding costs $0 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1−0.0014% /8h now · paid +0.013% over the last 7D
Price$0spread −0.115% now, avg −0.113% → −0.002% if it goes back
Costs−$240.238% of $10k · taker + slippage, in and out
Result−$23−0.23%+ 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−0.115%
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
4 ok · 1 to watch- OK: Fits both order books5.3 / 4.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Ondo Perps 10x. 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: −$0.41Long Popdex: 24 payments, −$1.92; short Ondo Perps: 24 payments, +$1.51.
- Note: Gap at its usual level−0.115% vs −0.113%The price leg adds little either way.
- Watch: Long leg is thinner$368K vs $1.4M 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 legPopdex No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0007%/8h × 21 periods+$1.39
Price spread−0.115% → −0.113% (7d avg)−$0.20
Slippage, 4 orderslive order books−$12.42
Fee Popdex bp × 2 orders−$6.40
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$22.63
Costs to cover0.238%Break-even120.7 days
Slippage: Popdex: live order book, 18 min ago; Ondo Perps: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.655.3 bp−$59.0 bp−$90doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps0.824.2 bp−$48.9 bp−$8915.8 bp−$1,580doesn’t fit
Closing costs about the same again.
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