Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,401.1 | +0.0050 | pay 0.0050% / 8h | 6h 45m | $13.6M | $3.4M | 20x | Long Binance | |
| SHORT | 1,424.6 | +0.0001 | 0.0000% / 1h | 45m 23s | $286K | $59K | 3x | Short Ondo Perps5% off |
Price gap+1.681%
Funding gap−0.0049% /8h
The gap pays +$37 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 25 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$11−0.0049% /8h now · paid −0.107% over the last 7D
Price+$37spread +1.681% now, avg +1.306% → +0.375% if it goes back
Costs−$1331.332% of $10k · taker + slippage, in and out
Result−$106−1.06%+ 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+1.681%
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
/8hOPENAI on 26 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size11.7 / 100.7 bpAt $10k entering Ondo Perps costs 100.7 bp, fee and slippage, 8.6× Binance’s.
- Note: Margin at max leverage$500 + $3,333Binance 20x, Ondo Perps 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.48Long Binance: 3 payments, −$1.50; short Ondo Perps: 24 payments, +$0.02.
- OK: Entry gap works for you+1.681% vs +1.306%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$286K vs $13.6M 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: KYCBinance Yes · Ondo Perps NoVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0051%/8h × 21 periods−$10.70
Price spread+1.681% → +1.306% (7d avg)+$37.46
Slippage, 4 orderslive order books−$120.18
Fee Binance bp × 2 orders−$8.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$106.42
Costs to cover1.332%Break-evennever at this rate
Slippage: Binance: live order book, 5 min ago; Ondo Perps: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance0.0411.7 bp−$1275.7 bp−$757doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps10.52100.7 bp−$101260.3 bp−$2,603doesn’t fitdoesn’t fit
Closing costs about the same again.
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