Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,447.1 | +0.0050 | pay 0.0050% / 8h | 5h 47m | $8.0M | $3.1M | 20x | Long Bitget | |
| SHORT | 1,426.6 | +0.0001 | 0.0000% / 1h | 47m 20s | $286K | $56K | 3x | Short Ondo Perps5% off |
Price gap−1.414%
Funding gap−0.0049% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.577% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0049% /8h now · paid −0.082% over the last 7D
Price−$58spread −1.414% now, avg −0.837% → −0.577% if it goes back
Costs−$1771.770% of $10k · taker + slippage, in and out
Result−$243−2.43%+ 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−1.414%
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
1 ok · 5 to watch- Watch: Thin at this size6.2 / 146.5 bpAt $10k entering Ondo Perps costs 146.5 bp, fee and slippage, 23.6× Bitget’s.
- Note: Margin at max leverage$500 + $3,333Bitget 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 Bitget: 3 payments, −$1.50; short Ondo Perps: 24 payments, +$0.02.
- Watch: Gap narrower than usual−1.414% vs −0.837%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$286K vs $8.0M 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: KYCBitget Yes · Ondo Perps NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0039%/8h × 21 periods−$8.20
Price spread−1.414% → −0.837% (7d avg)−$57.66
Slippage, 4 orderslive order books−$160.00
Fee Bitget bp × 2 orders−$12.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$242.87
Costs to cover1.770%Break-evennever at this rate
Slippage: Bitget: live order book, 5 min ago; Ondo Perps: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget0.046.2 bp−$613.2 bp−$132112.3 bp−$11.2Kdoesn’t fit
SELL · SHORTOndo Perps11.23146.5 bp−$146263.7 bp−$2,637doesn’t fitdoesn’t fit
Closing costs about the same again.
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