Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,398.6 | +0.0050 | pay 0.0006% / 1h | 43m 14s | $70K | $13K | 5x | Long Kraken Futures | |
| SHORT | 1,426.3 | +0.0001 | 0.0000% / 1h | 43m 14s | $287K | $52K | 3x | Short Ondo Perps5% off |
Price gap+1.978%
Funding gap−0.0049% /8h
The gap pays +$198 on $10k if it goes back to zero (no 7-day history yet), but funding costs $1 a day and eats that in about 4 months.
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—spread +1.978% now · no price history on both exchanges yet
Costsno datano order book for Kraken Futures
Result, before costs—+ Points / potential airdropOndo Perps: points · farm boardneeds both price histories
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+1.978%
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 · 2 to watch- Note: Order book unknown—No order-book sample for Kraken Futures: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $3,333Kraken Futures 5x, 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: −$1.48Long Kraken Futures: 24 payments, −$1.50; short Ondo Perps: 24 payments, +$0.02.
- Note: No 7-day spread history+1.978%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$70K vs $287K OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Ondo Perps NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0051%/8h × 21 periods−$10.71
Price spread+1.978% → 0+$197.84
Slippage, 4 ordersno data for Kraken Futures—
Fee Kraken Futures bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net, fees only · 7 days · $10k+$172.13
Costs to cover0.150%Break-evenfrom the start
Slippage: Kraken Futures: no order-book sample; Ondo Perps: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures—————
SELL · SHORTOndo Perps4.91109.6 bp−$110268.6 bp−$2,686doesn’t fitdoesn’t fit
Closing costs about the same again.
Kraken Futures: no data.
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