Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,426.6 | +0.0001 | 0.0000% / 1h | 47m 20s | $286K | $56K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,402.2 | +0.0050 | get 0.0050% / 8h | 5h 47m | $1.0M | $24K | 20x | Short Aster≤10% back |
Price gap−1.714%
Funding gap+0.0049% /8h
Funding pays +$1 a day on $10k, but the gap is 0.449% under its 7d average: −$45 if it goes back, about 30 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10+0.0049% /8h now · paid +0.097% over the last 7D
Price−$45spread −1.714% now, avg −1.265% → −0.449% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$35−0.35%+ Points / potential airdropOndo Perps: points · Aster: Stage 5 · farm boardcosts unknown: book too thin at $10k · What 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−1.714%
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 size16.5 / 948.6 bpAt $10k entering Aster costs 948.6 bp, fee and slippage, 57.4× Ondo Perps’s.
- Note: Margin at max leverage$3,333 + $500Ondo Perps 3x, Aster 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.48Long Ondo Perps: 24 payments, −$0.02; short Aster: 3 payments, +$1.50.
- Watch: Gap narrower than usual−1.714% vs −1.265%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$286K vs $1.0M OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps points · Aster Stage 5Volume here counts toward the points program.
- OK: No KYC on either legOndo Perps No · Aster NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0050%/8h × 21 periods+$10.57
Price spread−1.714% → −1.265% (7d avg)−$44.90
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Ondo Perps bp × 2 orders−$5.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Ondo Perps: live order book, 5 min ago; Aster: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps11.2316.5 bp−$1777.9 bp−$779doesn’t fitdoesn’t fit
SELL · SHORTAster27.48948.6 bp−$949doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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