Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 343.39 | +0.0050 | pay 0.0006% / 1h | 41m 18s | $2.2M | $1.3M | 15x | Long Ondo Perps5% off | |
| SHORT | 343.87 | +0.0040 | get 0.0040% / 8h | 4h 41m | $936K | $7.2M | — | Short BingX |
Price gap+0.140%
Funding gap−0.0010% /8h
The gap pays +$2 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 7.5 days.
Funding on this pair paid 0.396% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$40−0.0010% /8h now · paid +0.396% over the last 7D
Price+$2spread +0.140% now, avg +0.116% → +0.023% if it goes back
Costs−$200.196% of $10k · taker + slippage, in and out
Result+$22+0.22%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.140%
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 37 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books4.5 / 5.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$667 + —Ondo Perps 15x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.31Long Ondo Perps: 24 payments, −$1.51; short BingX: 3 payments, +$1.20.
- OK: Entry gap works for you+0.140% vs +0.116%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$936K vs $2.2M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCOndo Perps No · BingX YesAdvanced 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+0.0188%/8h × 21 periods+$39.55
Price spread+0.140% → +0.116% (7d avg)+$2.33
Slippage, 4 orderslive order books−$4.59
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$22.29
Costs to cover0.196%Break-even3.1 days
Slippage: Ondo Perps: live order book, 1 min ago; BingX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps0.444.5 bp−$56.7 bp−$6711.2 bp−$1,124doesn’t fit
SELL · SHORTBingX0.445.4 bp−$56.7 bp−$6712.7 bp−$1,26547.3 bp−$23.7K
Closing costs about the same again.
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