Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.0380 | +0.0630 | pay 0.0315% / 4h | 3m 38s | $979K | $2.4M | — | Long BingX | |
| SHORT | 3.0415 | +0.0050 | get 0.0006% / 1h | 3m 38s | $117K | $7K | 10x | Short Ondo Perps5% off |
Price gap+0.115%
Funding gap−0.0580% /8h
The gap pays +$17 on $10k if it goes back to its 7d average, but funding costs $17 a day and eats that in about 23 hours. At the last 7 days' pace that is about 2.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$57−0.0580% /8h now · paid −0.575% over the last 7D
Price+$17spread +0.115% now, avg −0.054% → +0.169% if it goes back
Costs−$330.333% of $10k · taker + slippage, in and out
Result−$74−0.74%+ 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+0.115%
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
/8hNATGAS on 26 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books8.3 / 8.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage— + $1,000BingX —, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$17.39Long BingX: 6 payments, −$18.90; short Ondo Perps: 24 payments, +$1.51.
- OK: Entry gap works for you+0.115% vs −0.054%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$117K vs $979K 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−0.0274%/8h × 21 periods−$57.46
Price spread+0.115% → −0.054% (7d avg)+$16.93
Slippage, 4 orderslive order books−$18.34
Fee BingX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$73.88
Costs to cover0.333%Break-evennever at this rate
Slippage: BingX: live order book, 10 min ago; Ondo Perps: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX3.288.3 bp−$811.6 bp−$11623.9 bp−$2,38776.3 bp−$38.2K
SELL · SHORTOndo Perps5.268.3 bp−$836.6 bp−$366doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | NATGAS/USD no longer reported ($NATGAS) seen by our collector |
| 09-17 19:02 | tradeXYZ | Other | CVX references 1 share of Chevron Corporation common stock (NYSE: CVX), quoted in USD. Chevron produces crude oil and natural gas and manufactures transportation fuels, lubricants, and petrochemicals. @tradexyz on X ↗ |
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