Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 112.80 | +0.0048 | pay 0.0006% / 1h | 56m 28s | $390K | $255K | 20x | Long Popdex | |
| SHORT | 112.63 | +0.0050 | get 0.0006% / 1h | 56m 28s | $1.5M | $913K | 15x | Short Ondo Perps5% off |
Price gap−0.151%
Funding gap+0.0002% /8h
Funding is ≈ 0 and the gap is 0.045% under its 7d average: the price leg works against you, −$5 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2+0.0002% /8h now · paid −0.024% over the last 7D
Price−$5spread −0.151% now, avg −0.105% → −0.045% if it goes back
Costs−$350.351% of $10k · taker + slippage, in and out
Result−$42−0.42%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / ExitPopdex: thin, under $1M open interest
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−0.151%
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 32 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books11.6 / 6.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $667Popdex 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: +$0.07Long Popdex: 24 payments, −$1.44; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.151% vs −0.105%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$390K vs $1.5M OIPopdex 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 legPopdex No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0012%/8h × 21 periods−$2.61
Price spread−0.151% → −0.105% (7d avg)−$4.54
Slippage, 4 orderslive order books−$23.66
Fee Popdex bp × 2 orders−$6.40
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$42.22
Costs to cover0.351%Break-evennever at this rate
Slippage: Popdex: live order book, 36 min ago; Ondo Perps: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex6.1811.6 bp−$1223.4 bp−$234doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps3.116.6 bp−$79.5 bp−$9512.2 bp−$1,216doesn’t fit
Closing costs about the same again.
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