Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 95.950 | +0.0050 | pay 0.0006% / 1h | 41m 14s | $1.4M | $2.2M | 15x | Long Ondo Perps5% off | |
| SHORT | 96.320 | 0 | 0.0000% / 8h | 6h 41m | $701 | $693K | 10x | Short SunX≤10% back |
Price gap+0.386%
Funding gap−0.0050% /8h
The gap pays +$9 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 5.9 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$11−0.0050% /8h now · paid −0.113% over the last 7D
Price+$9spread +0.386% now, avg +0.297% → +0.089% if it goes back
Costs−$1381.379% of $10k · taker + slippage, in and out
Result−$140−1.40%+ 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+0.386%
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
/8hHOOD on 40 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size4.6 / 78.8 bpAt $10k entering SunX costs 78.8 bp, fee and slippage, 17.2× Ondo Perps’s.
- Note: Margin at max leverage$667 + $1,000Ondo Perps 15x, SunX 10x. 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: −$1.51Long Ondo Perps: 24 payments, −$1.51; short SunX: 3 payments, $0.00.
- OK: Entry gap works for you+0.386% vs +0.297%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$701 vs $1.4M OISunX 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 legOndo Perps No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0054%/8h × 21 periods−$11.30
Price spread+0.386% → +0.297% (7d avg)+$8.90
Slippage, 4 orderslive order books−$124.92
Fee Ondo Perps bp × 2 orders−$5.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$140.32
Costs to cover1.379%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 6 min ago; SunX: live order book, 55 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps2.084.6 bp−$54.6 bp−$46doesn’t fitdoesn’t fit
SELL · SHORTSunX29.9678.8 bp−$79doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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