Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,070 | +0.0050 | pay 0.0006% / 1h | 56m 51s | $2.2M | $3.6M | 10x | Long Ondo Perps5% off | |
| SHORT | 1,070.8 | +0.0029 | get 0.0004% / 1h | 56m 51s | $244K | $562K | 20x | Short Kraken Futures |
Price gap+0.069%57s
Funding gap−0.0021% /8h
The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 6.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$6−0.0021% /8h now · paid +0.060% over the last 7D
Price—spread +0.069%57s now · prices read too far apart to compare
Costs−$380.385% of $10k · taker + slippage, in and out
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+0.069%
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 41 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books5.4 / 13.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Ondo Perps 10x, Kraken Futures 20x. 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: −$0.64Long Ondo Perps: 24 payments, −$1.51; short Kraken Futures: 24 payments, +$0.87.
- Watch: Prices read 57 s apart+0.069% vs +0.029%Part of this gap may be the market moving.
- Watch: Short leg is thinner$244K vs $2.2M OIKraken Futures 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 · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0029%/8h × 21 periods+$6.01
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$23.46
Fee Ondo Perps bp × 2 orders−$5.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$32.45
price spread not counted: prices read too far apartCosts to cover0.385%Break-even44.8 days
Slippage: Ondo Perps: live order book, 2 min ago; Kraken Futures: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps1.875.4 bp−$58.5 bp−$85doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures2.7113.2 bp−$1382.7 bp−$827doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-30 20:09 | Backpack | Other | JUST IN: Micron beats Q4 earnings expectations ▸ Adjusted EPS: $33.42 vs $31.72 expected ▸ Revenue: $54.23B vs $51.3B expected $MU is available for stock trading, 24/7 perpetuals and as collateral 🎒 @Backpack on X ↗ |
| 09-30 19:45 | Vest Markets | Other | Trade $MU pre-earnings volatility with a Vest Capital funded account. Access up to $25k in trading capital at: @VestExchange on X ↗ |
| 09-30 19:45 | Vest Markets | Other | $MU reports fiscal Q4 results after today's close, with consensus at $50.78B in revenue and $31.28 adjusted EPS. → Revenue: $41.46B in fiscal Q3, against $23.86B in fiscal Q2 and $13.64B in fiscal Q1 → Guidance: $50.0B ±$1.0B for fiscal Q4, with an 86% gross margin and $31.00 adjusted EPS The shares enter the print with $MU up around 275% this year and about 12% below its 52-week high, and the quarter runs 14 weeks, per the 10-Q. Cloud Memory and Core Data Center revenue reached $13.77B and $11.52B in fiscal Q3, with the fiscal 2027 outlook, HBM4 economics, DRAM pricing and record capital spending the watch items. @VestExchange on X ↗ |
| 09-30 19:11 | Polymarket Perps | Other | MEMORY SUPERCYCLE Micron $MU reports earnings after the bell today. Trade the reaction on Polymarket Perps with no market hours. Go long or short with up to 10x leverage. @Poly_Perps on X ↗ |
| 09-30 17:30 | MEXC | Other | $MU has been ripping into earnings. Now the market gets the next read on margins, capex, and AI demand. 👀 Same event. Different instincts. Which read sounds like you? 👇 #MEXCTradFi #MEXC0FEE @MEXC on X ↗ |

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