Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 156.65 | +0.0050 | pay 0.0006% / 1h | 42m 05s | $613K | $1.2M | 10x | Long Ondo Perps5% off | |
| SHORT | 156.69 | +0.0199 | get 0.0199% / 8h | 4h 42m | $911K | $9.6M | — | Short BingX |
Price gap+0.026%
Funding gap+0.0149% /8h
Funding pays +$4 a day on $10k, but the gap is 0.102% under its 7d average: −$10 if it goes back, about 2.3 days of funding. At the last 7 days' pace that is about 26 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$65+0.0149% /8h now · paid +0.651% over the last 7D
Price−$10spread +0.026% now, avg +0.127% → −0.102% if it goes back
Costs−$270.272% of $10k · taker + slippage, in and out
Result+$28+0.28%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.026%
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
/8hMSTR on 35 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books6.2 / 7.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + —Ondo Perps 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$4.46Long Ondo Perps: 24 payments, −$1.51; short BingX: 3 payments, +$5.97.
- Watch: Gap narrower than usual+0.026% vs +0.127%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$613K vs $911K 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: KYCOndo Perps No · BingX YesAdvanced 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+0.0310%/8h × 21 periods+$65.13
Price spread+0.026% → +0.127% (7d avg)−$10.15
Slippage, 4 orderslive order books−$12.24
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$27.73
Costs to cover0.272%Break-even4.0 days
Slippage: Ondo Perps: live order book, 5 min ago; BingX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps1.916.2 bp−$617.6 bp−$176doesn’t fitdoesn’t fit
SELL · SHORTBingX1.917.1 bp−$78.8 bp−$8815.6 bp−$1,56464.9 bp−$32.5K
Closing costs about the same again.
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