Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 518.65 | −0.0050 | get 0.0050% / 8h | 1h 51m | $995K | $1.7M | — | Long BingX | |
| SHORT | 518.55 | +0.0050 | get 0.0006% / 1h | 51m 56s | $610K | $322K | 15x | Short Ondo Perps5% off |
Price gap−0.019%46s
Funding gap+0.0100% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.089% above its 7d average: +$9 more if it goes back.
The two prices were read 46 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$20+0.0100% /8h now · paid +0.202% over the last 7D
Price—spread −0.019%46s now · prices read too far apart to compare
Costs−$200.205% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.019%
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
/8hMSFT on 35 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books5.2 / 6.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $667BingX —, Ondo Perps 15x. 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: +$3.01Long BingX: 3 payments, +$1.50; short Ondo Perps: 24 payments, +$1.51.
- Watch: Prices read 46 s apart−0.019% vs −0.108%Part of this gap may be the market moving.
- Watch: Short leg is thinner$610K vs $995K 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+0.0096%/8h × 21 periods+$20.20
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$5.49
Fee BingX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$0.29
price spread not counted: prices read too far apartCosts to cover0.205%Break-even7.1 days
Slippage: BingX: live order book, 19 min ago; Ondo Perps: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.105.2 bp−$56.3 bp−$6317.6 bp−$1,76460.6 bp−$30.3K
SELL · SHORTOndo Perps0.786.5 bp−$712.8 bp−$128doesn’t fitdoesn’t fit
Closing costs about the same again.
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Kalshi
Coinbase International