Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,399.5 | +0.0050 | pay 0.0050% / 8h | 7h 45m | $178K | $64K | 20x | Long HTX | |
| SHORT | 1,426.3 | +0.0001 | 0.0000% / 1h | 45m 32s | $287K | $52K | 3x | Short Ondo Perps5% off |
Price gap+1.915%
Funding gap−0.0049% /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 39 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+$58spread +1.915% now, avg +1.333% → +0.582% if it goes back
Costs−$1481.479% of $10k · taker + slippage, in and out
Result−$100−1.00%+ 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+1.915%
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 size14.9 / 109.6 bpAt $10k entering Ondo Perps costs 109.6 bp, fee and slippage, 7.3× HTX’s.
- Note: Margin at max leverage$500 + $3,333HTX 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 HTX: 3 payments, −$1.50; short Ondo Perps: 24 payments, +$0.02.
- OK: Entry gap works for you+1.915% vs +1.333%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$178K vs $287K OIHTX sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCHTX Limited · Ondo Perps NoNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0051%/8h × 21 periods−$10.70
Price spread+1.915% → +1.333% (7d avg)+$58.22
Slippage, 4 orderslive order books−$130.92
Fee HTX bp × 2 orders−$12.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$100.41
Costs to cover1.479%Break-evennever at this rate
Slippage: HTX: live order book, 17 min ago; Ondo Perps: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHTX2.6414.9 bp−$1571.5 bp−$715doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps4.91109.6 bp−$110268.6 bp−$2,686doesn’t fitdoesn’t fit
Closing costs about the same again.
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