Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 116.72 | +0.0498 | pay 0.0498% / 8h | 2h 31m | $926K | $8.5M | — | Long BingX | |
| SHORT | 117.57 | +0.0050 | get 0.0006% / 1h | 31m 49s | $1.2M | $550K | 10x | Short Ondo Perps5% off |
Price gap+0.728%46s
Funding gap−0.0448% /8h
The gap pays +$86 on $10k if it goes back to its 7d average, but funding costs $13 a day and eats that in about 6.4 days. At the last 7 days' pace that is about 26 days.
The two prices were read 46 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$23−0.0448% /8h now · paid −0.234% over the last 7D
Price—spread +0.728%46s now · prices read too far apart to compare
Costs−$390.386% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.234% in total, about −0.0111%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.728%
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
/8hINTC on 37 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size5.8 / 17.1 bpAt $10k entering Ondo Perps costs 17.1 bp, fee and slippage, 3.0× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$13.43Long BingX: 3 payments, −$14.94; short Ondo Perps: 24 payments, +$1.51.
- Watch: Prices read 46 s apart+0.728% vs −0.136%Part of this gap may be the market moving.
- Watch: Long leg is thinner$926K vs $1.2M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCBingX Yes · Ondo Perps NoAdvanced 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−0.0111%/8h × 21 periods−$23.38
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$23.58
Fee BingX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$61.96
price spread not counted: prices read too far apartCosts to cover0.386%Break-evennever at this rate
Slippage: BingX: live order book, 15 min ago; Ondo Perps: live order book, just nowCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.435.8 bp−$68.4 bp−$8417.7 bp−$1,76966.5 bp−$33.2K
SELL · SHORTOndo Perps7.2917.1 bp−$1729.9 bp−$29946.9 bp−$4,690doesn’t fit
Closing costs about the same again.
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