Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,064.7 | +0.0050 | pay 0.0006% / 1h | 33m 55s | $2.5M | $3.0M | 10x | Long Ondo Perps5% off | |
| SHORT | 1,066.4 | +0.0408 | get 0.0051% / 1h | 33m 55s | $422K | $732K | 20x | Short Popdex |
Price gap+0.154%
Funding gap+0.0358% /8h
Both sides work: funding pays +$11 a day on $10k, and the gap is 0.067% above its 7d average: +$7 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$7+0.0358% /8h now · paid +0.068% over the last 7D
Price+$7spread +0.154% now, avg +0.087% → +0.067% if it goes back
Costs−$180.177% of $10k · taker + slippage, in and out
Result−$4−0.04%+ 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 +0.068% in total, about +0.0034%/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+0.154%
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
5 ok · 1 to watch- OK: Fits both order books5.0 / 3.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Ondo Perps 10x, Popdex 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: +$10.73Long Ondo Perps: 24 payments, −$1.51; short Popdex: 24 payments, +$12.24.
- OK: Entry gap works for you+0.154% vs +0.087%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$422K vs $2.5M OIPopdex 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 · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0034%/8h × 21 periods+$7.08
Price spread+0.154% → +0.087% (7d avg)+$6.73
Slippage, 4 orderslive order books−$6.28
Fee Ondo Perps bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$3.86
Costs to cover0.177%Break-even10.8 days
Slippage: Ondo Perps: live order book, 1 min ago; Popdex: live order book, 41 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps2.075.0 bp−$56.7 bp−$67doesn’t fitdoesn’t fit
SELL · SHORTPopdex0.283.6 bp−$46.3 bp−$63doesn’t fitdoesn’t fit
Closing costs about the same again.
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