Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,049.3 | +0.0050 | pay 0.0006% / 1h | 27m 17s | $2.4M | $2.4M | 10x | Long Ondo Perps5% off | |
| SHORT | 1,053.5 | +0.0345 | get 0.0345% / 8h | 2h 27m | $900K | $6.5M | — | Short BingX |
Price gap+0.400%
Funding gap+0.0295% /8h
Both sides work: funding pays +$9 a day on $10k, and the gap is 0.312% above its 7d average: +$31 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$16+0.0295% /8h now · paid +0.158% over the last 7D
Price+$31spread +0.400% now, avg +0.088% → +0.312% if it goes back
Costs−$230.227% of $10k · taker + slippage, in and out
Result+$24+0.24%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.158% in total, about +0.0075%/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+0.400%
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
/8hMU on 40 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books5.4 / 5.4 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: +$8.84Long Ondo Perps: 24 payments, −$1.51; short BingX: 3 payments, +$10.35.
- OK: Entry gap works for you+0.400% vs +0.088%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$900K vs $2.4M OIBingX 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+0.0075%/8h × 21 periods+$15.76
Price spread+0.400% → +0.088% (7d avg)+$31.25
Slippage, 4 orderslive order books−$7.74
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$24.26
Costs to cover0.227%Break-evenfrom the start
Slippage: Ondo Perps: live order book, 3 min ago; BingX: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps1.755.4 bp−$58.2 bp−$829.8 bp−$980doesn’t fit
SELL · SHORTBingX0.055.4 bp−$56.5 bp−$6516.8 bp−$1,67950.7 bp−$25.4K
Closing costs about the same again.
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