Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 282.25 | +0.0713 | pay 0.0089% / 1h | 33m 18s | $2.9M | $1.2M | 20x | Long Kraken Futures | |
| SHORT | 281.45 | +0.0050 | get 0.0006% / 1h | 33m 18s | $3.7M | $2.0M | 15x | Short Ondo Perps5% off |
Price gap−0.282%
Funding gap−0.0663% /8h
Both sides work against this direction now: funding costs $20 a day on $10k and the gap is 0.098% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$55−0.0663% /8h now · paid −0.555% over the last 7D
Price−$10spread −0.282% now, avg −0.184% → −0.098% if it goes back
Costs−$430.431% of $10k · taker + slippage, in and out
Result−$108−1.08%+ 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−0.282%
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
/8hGOOGL on 43 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- OK: Fits both order books9.5 / 8.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $667Kraken Futures 20x, Ondo Perps 15x. 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: −$19.89Long Kraken Futures: 24 payments, −$21.40; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.282% vs −0.184%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Long leg is thinner$2.9M vs $3.7M OIBoth legs are deep; Kraken Futures is the smaller one.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Ondo Perps NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0264%/8h × 21 periods−$55.45
Price spread−0.282% → −0.184% (7d avg)−$9.78
Slippage, 4 orderslive order books−$28.06
Fee Kraken Futures bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$108.29
Costs to cover0.431%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 4 min ago; Ondo Perps: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures2.309.5 bp−$991.1 bp−$911doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps3.028.6 bp−$921.6 bp−$216doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-30 10:31 | Markets by Kinetiq | Other | BREAKING: Big Tech stocks are getting crushed, with Wall Street bracing for a brutal Friday. $INTC: -25% $GOOGL: -10% $AMZN: -7% Nasdaq futures are plunging more than 2.5%. @Markets_xyz on X ↗ |
| 10-29 14:30 | Kalshi | Other | JUST IN: Alphabet stock falls 13% and erases $500 billion in value after earnings miss @Kalshi on X ↗ |
| 10-29 13:32 | Vest Markets | Other | Trade $GOOGL post-earnings volatility with a Vest Capital funded account. Access up to $50k in trading capital at: @VestExchange on X ↗ |
| 10-29 13:32 | Vest Markets | Other | $GOOGL missed Q3 revenue and EPS estimates after yesterday's close, with free cash flow at -$9.07B. → Revenue: $127.6B vs. $127.91B expected, up 25% YoY → EPS: $2.12 vs. $3.01 expected, or $2.67 excluding a $0.55 equity securities loss → Google Cloud: $30.7B, up 103% YoY, beating estimates At the open, $GOOGL is down around 12%, with Search & other at $63.35B below the $64.9B expected, despite query growth at a five-year high. Quarterly capex more than doubled to $51.4B, with the 2026 plan held at $195B to $205B and 2027 spending guided significantly higher. @VestExchange on X ↗ |
| 10-29 10:10 | Reya | Other | $GOOGL moved -10% overnight. With the US market closed, anyone with a view has no way to act on it until 9:30 ET. RWAs 24/7 on Reya. As the price moves, not when the exchange opens. @reya_xyz on X ↗ |
| 10-29 09:00 | MEXC | Other | 🤖 Same AI bet, opposite market reactions. 🟢 $MSFT: +4% | Cloud revenue +30% 🔴 $GOOGL: -8% | Free cash flow -$9.07B Tech companies spend big on AI, but investors reward returns. Who's winning the AI race? 👇 @MEXC on X ↗ |

Kalshi
MEXC