Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 152.62 | +0.0050 | pay 0.0006% / 1h | 8m 11s | $650K | $1.6M | 10x | Long Ondo Perps5% off | |
| SHORT | 153.02 | +0.0257 | get 0.0257% / 8h | 1h 08m | $994K | $1.8M | — | Short BingX |
Price gap+0.262%
Funding gap+0.0207% /8h
Both sides work: funding pays +$6 a day on $10k, and the gap is 0.075% 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+$19+0.0207% /8h now · paid +0.192% over the last 7D
Price+$7spread +0.262% now, avg +0.187% → +0.075% if it goes back
Costs−$270.266% of $10k · taker + slippage, in and out
Result$00.00%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.262%
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
/8hNBIS on 35 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books5.9 / 7.3 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: +$6.20Long Ondo Perps: 24 payments, −$1.51; short BingX: 3 payments, +$7.71.
- OK: Entry gap works for you+0.262% vs +0.187%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$650K vs $994K 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+0.0091%/8h × 21 periods+$19.18
Price spread+0.262% → +0.187% (7d avg)+$7.46
Slippage, 4 orderslive order books−$11.56
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$0.08
Costs to cover0.266%Break-even7.0 days
Slippage: Ondo Perps: live order book, 1 min ago; BingX: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps2.955.9 bp−$614.0 bp−$140doesn’t fitdoesn’t fit
SELL · SHORTBingX0.337.3 bp−$712.6 bp−$12667.4 bp−$6,738544.9 bp−$272.5K
Closing costs about the same again.
| 10-15 18:30 | Kalshi | Other | JUST IN: Nebius Group is down roughly 20% since Michael Burry disclosed his short position @Kalshi on X ↗ |
| 10-15 16:35 | Vest Markets | Other | Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗ |
| 10-08 15:01 | Vest Markets | Other | Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗ |
| 10-08 15:01 | Vest Markets | Other | AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗ |
| 10-07 21:53 | BingX | Other | Is $NBIS entering its next growth phase? 👀 Nebius is strengthening its AI stack with Inferize while scaling U.S. infrastructure. See the full breakdown👇 @BingXOfficial on X ↗ |
| 10-06 16:38 | Vest Markets | Other | AI-infrastructure names are trading higher, with $NBIS up around 8% on the session. Inference-optimization firm Inferize has been added to the Token Factory platform, alongside 50 MW of data-center capacity under a 12-year deal. Trade $NBIS volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |

Kalshi