Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 322.77 | +0.0070 | pay 0.0009% / 1h | 46m 34s | $461K | $922K | 20x | Long RISExInvite | |
| SHORT | 322.03 | +0.0050 | get 0.0006% / 1h | 46m 34s | $2.2M | $1.5M | 15x | Short Ondo Perps5% off |
Price gap−0.230%
Funding gap−0.0019% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.058% 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+$1−0.0019% /8h now · paid +0.014% over the last 7D
Price−$6spread −0.230% now, avg −0.171% → −0.058% if it goes back
Costs−$180.178% 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 · 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−0.230%
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
4 ok · 2 to watch- OK: Fits both order books3.6 / 5.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $667RISEx 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: −$0.58Long RISEx: 24 payments, −$2.09; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.230% vs −0.171%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$461K vs $2.2M OIRISEx 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 legRISEx No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0006%/8h × 21 periods+$1.35
Price spread−0.230% → −0.171% (7d avg)−$5.82
Slippage, 4 orderslive order books−$6.85
Fee RISEx bp × 2 orders−$6.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$22.32
Costs to cover0.178%Break-even122.6 days
Slippage: RISEx: live order book, 1 min ago; Ondo Perps: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGRISEx0.623.6 bp−$48.1 bp−$81doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps2.335.6 bp−$612.2 bp−$12233.4 bp−$3,344doesn’t fit
Closing costs about the same again.
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