Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 271.25 | +0.1007 | pay 0.1007% / 8h | 57m 08s | $939K | $3.0M | — | Long BingX | |
| SHORT | 271.53 | +0.0050 | get 0.0006% / 1h | 57m 08s | $402K | $612K | 10x | Short Ondo Perps5% off |
Price gap+0.103%
Funding gap−0.0957% /8h
The gap pays +$20 on $10k if it goes back to its 7d average, but funding costs $29 a day and eats that in about 17 hours. At the last 7 days' pace that is about 8 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0957% /8h now · paid −0.006% over the last 7D
Price+$20spread +0.103% now, avg −0.100% → +0.203% if it goes back
Costs−$240.241% of $10k · taker + slippage, in and out
Result−$4−0.04%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.006% in total, about −0.0003%/8h on average.
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+0.103%
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
/8hMRVL on 34 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books6.5 / 5.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- 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: −$28.70Long BingX: 3 payments, −$30.21; short Ondo Perps: 24 payments, +$1.51.
- OK: Entry gap works for you+0.103% vs −0.100%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$402K vs $939K OIOndo Perps 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−0.0003%/8h × 21 periods−$0.57
Price spread+0.103% → −0.100% (7d avg)+$20.32
Slippage, 4 orderslive order books−$9.14
Fee BingX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$4.39
Costs to cover0.241%Break-evennever at this rate
Slippage: BingX: live order book, 9 min ago; Ondo Perps: live order book, 62 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.186.5 bp−$711.0 bp−$11040.2 bp−$4,019146.5 bp−$73.2K
SELL · SHORTOndo Perps2.395.1 bp−$56.1 bp−$61doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market MRVL/USD ($MRVL) seen by our collector |
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