Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,422.3 | +0.0001 | 0.0000% / 1h | 3m 27s | $286K | $21K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,411.8 | 0 | 0.0000% / 8h | 3h 03m | $639K | $232K | 25x | Short Bybit |
Price gap−0.735%
Funding gap−0.0001% /8h
Funding is ≈ 0 and the gap is 0.291% under its 7d average: the price leg works against you, −$29 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0001% /8h now · paid +0.002% over the last 7D
Price−$29spread −0.735% now, avg −0.445% → −0.291% if it goes back
Costs−$1561.558% of $10k · taker + slippage, in and out
Result−$185−1.85%+ 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−0.735%
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
1 ok · 5 to watch- Watch: Thin at this size18.1 / 9.7 bpAt $10k entering Ondo Perps costs 18.1 bp, fee and slippage, 1.9× Bybit’s.
- Note: Margin at max leverage$3,333 + $400Ondo Perps 3x, Bybit 25x. 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: −$0.02Long Ondo Perps: 24 payments, −$0.02; short Bybit: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.735% vs −0.445%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 $639K 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 · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0001%/8h × 21 periods+$0.20
Price spread−0.735% → −0.445% (7d avg)−$29.06
Slippage, 4 orderslive order books−$139.84
Fee Ondo Perps bp × 2 orders−$5.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$184.70
Costs to cover1.558%Break-even6439.2 days
Slippage: Ondo Perps: live order book, 39 min ago; Bybit: live order book, 36 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps9.4918.1 bp−$1888.6 bp−$886doesn’t fitdoesn’t fit
SELL · SHORTBybit3.969.7 bp−$10441.3 bp−$4,413doesn’t fitdoesn’t fit
Closing costs about the same again.
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