Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,429.3 | −0.0018 | get 0.0002% / 1h | 57m 28s | $7.1M | $1.1M | 6x | Long Entropy | |
| SHORT | 1,428.9 | +0.0001 | 0.0000% / 1h | 57m 28s | $304K | $43K | 3x | Short Ondo Perps5% off |
Price gap−0.028%
Funding gap+0.0019% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.198% above its 7d average: +$20 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$12+0.0019% /8h now · paid −0.120% over the last 7D
Price+$20spread −0.028% now, avg −0.226% → +0.198% if it goes back
Costs−$1751.754% of $10k · taker + slippage, in and out
Result−$168−1.68%+ 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−0.028%
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
4 ok · 2 to watch- Watch: Thin at this size18.9 / 102.3 bpAt $10k entering Ondo Perps costs 102.3 bp, fee and slippage, 5.4× Entropy’s.
- Note: Margin at max leverage$1,667 + $3,333Entropy 6x, Ondo Perps 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$0.57Long Entropy: 24 payments, +$0.54; short Ondo Perps: 24 payments, +$0.02.
- OK: Entry gap works for you−0.028% vs −0.226%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$304K vs $7.1M OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- OK: No KYC on either legEntropy No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0057%/8h × 21 periods−$12.03
Price spread−0.028% → −0.226% (7d avg)+$19.82
Slippage, 4 orderslive order books−$168.65
Fee Entropy bp × 2 orders−$1.80
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$167.66
Costs to cover1.754%Break-evennever at this rate
Slippage: Entropy: live order book, 9 min ago; Ondo Perps: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy1.4018.9 bp−$19100.7 bp−$1,007doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps12.65102.3 bp−$102240.3 bp−$2,403doesn’t fitdoesn’t fit
Closing costs about the same again.
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| 10-26 10:00 | Kalshi | Other | BREAKING: OpenAI resumes training its top models after "security pause and upgrades" @Kalshi on X ↗ |
| 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 ↗ |
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