Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 88.180 | +0.0050 | pay 0.0006% / 1h | 55m 50s | $1.2M | $1.8M | 10x | Long Ondo Perps5% off | |
| SHORT | 88.320 | 0 | 0.0000% / 8h | 3h 55m | $13K | $1.0M | 10x | Short SunX≤10% back |
Price gap+0.159%
Funding gap−0.0050% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 2.3 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 −0.114% over the last 7D
Price+$4spread +0.159% now, avg +0.124% → +0.035% if it goes back
Costs−$500.502% of $10k · taker + slippage, in and out
Result−$58−0.58%+ 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+0.159%
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 43 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size5.3 / 25.2 bpAt $10k entering SunX costs 25.2 bp, fee and slippage, 4.7× Ondo Perps’s.
- Note: Margin at max leverage$1,000 + $1,000Ondo Perps 10x, 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+0.159% vs +0.124%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$13K vs $1.2M 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−$11.44
Price spread+0.159% → +0.124% (7d avg)+$3.51
Slippage, 4 orderslive order books−$37.22
Fee Ondo Perps bp × 2 orders−$5.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$58.15
Costs to cover0.502%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 2 min ago; SunX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps2.855.3 bp−$512.3 bp−$123doesn’t fitdoesn’t fit
SELL · SHORTSunX8.5225.2 bp−$2545.7 bp−$457doesn’t fitdoesn’t fit
Closing costs about the same again.
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