Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 153.19 | +0.0127 | pay 0.0127% / 8h | 2h 28m | $948K | $1.7M | — | Long BingX | |
| SHORT | 153.04 | −0.0074 | pay 0.0009% / 1h | 28m 05s | $224K | $72K | 10x | Short Ondo Perps5% off |
Price gap−0.098%
Funding gap−0.0201% /8h
Funding costs $6 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−$6−0.0201% /8h now · paid −0.055% over the last 7D
Price+$2spread −0.098% now, avg −0.117% → +0.019% if it goes back
Costs−$330.335% of $10k · taker + slippage, in and out
Result−$37−0.37%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.055% in total, about −0.0026%/8h on average.
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−0.098%
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
/8hGLW on 17 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books7.8 / 8.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$6.04Long BingX: 3 payments, −$3.81; short Ondo Perps: 24 payments, −$2.23.
- Note: Gap at its usual level−0.098% vs −0.117%The price leg adds little either way.
- Watch: Short leg is thinner$224K vs $948K 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: KYCBingX Yes · Ondo Perps NoAdvanced 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−0.0026%/8h × 21 periods−$5.54
Price spread−0.098% → −0.117% (7d avg)+$1.89
Slippage, 4 orderslive order books−$18.50
Fee BingX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$37.15
Costs to cover0.335%Break-evennever at this rate
Slippage: BingX: live order book, 5 min ago; Ondo Perps: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.337.8 bp−$816.1 bp−$16182.6 bp−$8,259600.8 bp−$300.4K
SELL · SHORTOndo Perps5.238.1 bp−$832.6 bp−$326doesn’t fitdoesn’t fit
Closing costs about the same again.