Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,400.1 | +0.0049 | pay 0.0049% / 8h | 5h 46m | $797K | $144K | 20x | Long BloFin | |
| SHORT | 1,426.6 | +0.0001 | 0.0000% / 1h | 46m 16s | $286K | $56K | 3x | Short Ondo Perps5% off |
Price gap+1.894%57s
Funding gap−0.0048% /8h
The gap pays +$58 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 40 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$14−0.0048% /8h now · paid −0.136% over the last 7D
Price—spread +1.894%57s now · prices read too far apart to compare
Costs−$1791.792% of $10k · taker + slippage, in and out
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+1.894%
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 size10.1 / 146.5 bpAt $10k entering Ondo Perps costs 146.5 bp, fee and slippage, 14.6× BloFin’s.
- Note: Margin at max leverage$500 + $3,333BloFin 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: −$1.45Long BloFin: 3 payments, −$1.47; short Ondo Perps: 24 payments, +$0.02.
- Watch: Prices read 57 s apart+1.894% vs +1.309%Part of this gap may be the market moving.
- Watch: Short leg is thinner$286K vs $797K 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: KYCBloFin Limited · Ondo Perps NoNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0065%/8h × 21 periods−$13.56
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$162.18
Fee BloFin bp × 2 orders−$12.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$192.74
price spread not counted: prices read too far apartCosts to cover1.792%Break-evennever at this rate
Slippage: BloFin: live order book, 5 min ago; Ondo Perps: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBloFin0.0410.1 bp−$10doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOndo Perps11.23146.5 bp−$146263.7 bp−$2,637doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-24 19:20 | Kalshi | Other | JUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗ |
| 10-23 22:30 | Markets by Kinetiq | Other | OpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗ |
| 10-23 19:45 | Kalshi | Other | JUST IN: OpenAI to train frontier models without internet access @Kalshi on X ↗ |
| 10-23 12:45 | Kalshi | Other | JUST IN: Wall Street urges Anthropic and OpenAI to go public by the year's end @Kalshi on X ↗ |
| 10-22 20:22 | Kalshi | Other | JUST IN: OpenAI nears $30 billion funding round at $1.25 trillion valuation @Kalshi on X ↗ |
| 10-21 18:00 | Kalshi | Other | JUST IN: OpenAI to sell its frontier models, including GPT-6 Astra, and Codex through Google Cloud, per Reuters @Kalshi on X ↗ |

Kalshi