Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 230.10 | +0.0494 | pay 0.0062% / 1h | 38m 11s | $392K | $127K | 10x | Long Ondo Perps5% off | |
| SHORT | 230.66 | +0.0118 | get 0.0015% / 1h | 38m 11s | $250K | $150K | — | Short AZverse |
Price gap+0.243%
Funding gap−0.0376% /8h
The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 15 hours. At the last 7 days' pace that is about 2.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0376% /8h now · paid −0.020% over the last 16 hours (all we have)
Price+$7spread +0.243% now, avg +0.171% → +0.073% if it goes back
Costsno datano order book for AZverse
Result, before costs+$5+0.05%+ Points / potential airdropOndo Perps: points · farm boardcosts unknown: no order book for AZverse · What 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 16 hours it paid −0.020% in total, about −0.0099%/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+0.243%
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 36 exchanges
lowest funding firstBefore you open
4 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$1,000 + —Ondo Perps 10x, AZverse —. 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: −$11.28Long Ondo Perps: 24 payments, −$14.83; short AZverse: 24 payments, +$3.55.
- OK: Entry gap works for you+0.243% vs +0.171%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$250K vs $392K OIAZverse 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 · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0099%/8h × 21 periods−$20.88
Price spread+0.243% → +0.171% (7d avg)+$7.29
Slippage, 4 ordersno data for AZverse—
Fee Ondo Perps bp × 2 orders−$5.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$30.59
Costs to cover0.170%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 15 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps4.1311.8 bp−$1217.5 bp−$175doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
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