Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.95 | +0.0048 | pay 0.0006% / 1h | 44m 23s | $376K | $155K | 20x | Long Popdex | |
| SHORT | 119.80 | +0.0050 | get 0.0006% / 1h | 44m 23s | $1.2M | $562K | 10x | Short Ondo Perps5% off |
Price gap−0.125%
Funding gap+0.0002% /8h
Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.0002% /8h now · paid −0.001% over the last 7D
Price+$2spread −0.125% now, avg −0.140% → +0.015% if it goes back
Costs−$190.195% of $10k · taker + slippage, in and out
Result−$18−0.18%+ 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−0.125%
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
4 ok · 1 to watch- OK: Fits both order books6.0 / 4.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Ondo Perps 10x. 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.
- Note: Gap at its usual level−0.125% vs −0.140%The price leg adds little either way.
- Watch: Long leg is thinner$376K vs $1.2M 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−0.0001%/8h × 21 periods−$0.11
Price spread−0.125% → −0.140% (7d avg)+$1.52
Slippage, 4 orderslive order books−$8.06
Fee Popdex bp × 2 orders−$6.40
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$18.04
Costs to cover0.195%Break-evennever at this rate
Slippage: Popdex: live order book, 34 min ago; Ondo Perps: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.256.0 bp−$618.2 bp−$182doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps1.674.2 bp−$44.2 bp−$426.1 bp−$608doesn’t fit
Closing costs about the same again.
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