Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,424.6 | +0.0001 | 0.0000% / 1h | 46m 04s | $286K | $59K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,447.5 | +0.0050 | get 0.0050% / 8h | 6h 46m | $8.0M | $3.2M | 20x | Short Bitget |
Price gap+1.607%
Funding gap+0.0049% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.763% above its 7d average: +$76 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$8+0.0049% /8h now · paid +0.082% over the last 7D
Price+$76spread +1.607% now, avg +0.844% → +0.763% if it goes back
Costs−$1321.319% of $10k · taker + slippage, in and out
Result−$47−0.47%+ 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+1.607%
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 size15.1 / 8.4 bpAt $10k entering Ondo Perps costs 15.1 bp, fee and slippage, 1.8× Bitget’s.
- Note: Margin at max leverage$3,333 + $500Ondo Perps 3x, Bitget 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 Bitget: 3 payments, +$1.50.
- OK: Entry gap works for you+1.607% vs +0.844%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$286K vs $8.0M 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: KYCOndo Perps No · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0039%/8h × 21 periods+$8.20
Price spread+1.607% → +0.844% (7d avg)+$76.31
Slippage, 4 orderslive order books−$114.92
Fee Ondo Perps bp × 2 orders−$5.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$47.41
Costs to cover1.319%Break-even47.5 days
Slippage: Ondo Perps: live order book, 11 min ago; Bitget: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps10.5215.1 bp−$1596.1 bp−$961doesn’t fitdoesn’t fit
SELL · SHORTBitget0.558.4 bp−$811.0 bp−$11075.3 bp−$7,535doesn’t fit
Closing costs about the same again.
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