Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 281.44 | +0.0050 | pay 0.0006% / 1h | 29m 19s | $3.7M | $2.0M | 15x | Long Ondo Perps5% off | |
| SHORT | 282.38 | +0.0716 | get 0.0089% / 1h | 29m 19s | $2.9M | $1.2M | 20x | Short Kraken Futures |
Price gap+0.335%
Funding gap+0.0665% /8h
Both sides work: funding pays +$20 a day on $10k, and the gap is 0.152% above its 7d average: +$15 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$54+0.0665% /8h now · paid +0.539% over the last 7D
Price+$15spread +0.335% now, avg +0.183% → +0.152% if it goes back
Costs−$390.389% of $10k · taker + slippage, in and out
Result+$30+0.30%+ 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+0.335%
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- Watch: Thin at this size6.0 / 18.3 bpAt $10k entering Kraken Futures costs 18.3 bp, fee and slippage, 3.0× Ondo Perps’s.
- Note: Margin at max leverage$667 + $500Ondo Perps 15x, Kraken Futures 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: +$19.96Long Ondo Perps: 24 payments, −$1.51; short Kraken Futures: 24 payments, +$21.47.
- OK: Entry gap works for you+0.335% vs +0.183%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Short 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: KYCOndo Perps No · Kraken Futures YesFull 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+0.0257%/8h × 21 periods+$53.94
Price spread+0.335% → +0.183% (7d avg)+$15.20
Slippage, 4 orderslive order books−$23.89
Fee Ondo Perps bp × 2 orders−$5.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k+$30.25
Costs to cover0.389%Break-even3.1 days
Slippage: Ondo Perps: live order book, 3 min ago; Kraken Futures: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps3.026.0 bp−$611.9 bp−$119doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures0.5318.3 bp−$1834.8 bp−$348doesn’t fitdoesn’t fit
Closing costs about the same again.
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