Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 88.400 | 0 | 0.0000% / 8h | 2h 49m | $13K | $1.3M | 10x | Long SunX≤10% back | |
| SHORT | 88.220 | +0.0050 | get 0.0006% / 1h | 49m 17s | $1.1M | $1.9M | 10x | Short Ondo Perps5% off |
Price gap−0.204%
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.081% under its 7d average: −$8 if it goes back, about 5.4 days of funding.
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−$8spread −0.204% now, avg −0.123% → −0.081% if it goes back
Costs−$1031.027% of $10k · taker + slippage, in and out
Result−$99−0.99%+ 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−0.204%
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
2 ok · 4 to watch- Watch: Thin at this size15.9 / 32.0 bpAt $10k entering Ondo Perps costs 32.0 bp, fee and slippage, 2.0× SunX’s.
- Note: Margin at max leverage$1,000 + $1,000SunX 10x, 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: +$1.51Long SunX: 3 payments, $0.00; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.204% vs −0.123%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$13K vs $1.1M 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 legSunX No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0054%/8h × 21 periods+$11.44
Price spread−0.204% → −0.123% (7d avg)−$8.09
Slippage, 4 orderslive order books−$89.73
Fee SunX bp × 2 orders−$8.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$99.38
Costs to cover1.027%Break-even67.8 days
Slippage: SunX: live order book, 5 min ago; Ondo Perps: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX0.5615.9 bp−$1638.4 bp−$384doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps20.4232.0 bp−$3237.5 bp−$375doesn’t fitdoesn’t fit
Closing costs about the same again.
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