Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,426.2 | +0.0001 | 0.0000% / 1h | 33m 14s | $286K | $59K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,398.4 | +0.0048 | get 0.0006% / 1h | 33m 14s | $146K | $37K | 10x | Short Extended10% off |
Price gap−1.946%
Funding gap+0.0047% /8h
Funding pays +$1 a day on $10k, but the gap is 0.535% under its 7d average: −$54 if it goes back, about 38 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10+0.0047% /8h now · paid +0.103% over the last 7D
Price−$54spread −1.946% now, avg −1.411% → −0.535% if it goes back
Costs−$1491.494% of $10k · taker + slippage, in and out
Result−$193−1.93%+ Points / potential airdropOndo Perps: points · Extended: 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−1.946%
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
3 ok · 3 to watch- Watch: Thin at this size15.1 / 16.8 bpAt $10k entering Extended costs 16.8 bp, fee and slippage, 1.1× Ondo Perps’s.
- Note: Margin at max leverage$3,333 + $1,000Ondo Perps 3x, Extended 10x. 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: +$1.42Long Ondo Perps: 24 payments, −$0.02; short Extended: 24 payments, +$1.44.
- Watch: Gap narrower than usual−1.946% vs −1.411%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$146K vs $286K OIExtended sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps points · Extended pointsVolume here counts toward the points program.
- OK: No KYC on either legOndo Perps No · Extended NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0049%/8h × 21 periods+$10.28
Price spread−1.946% → −1.411% (7d avg)−$53.52
Slippage, 4 orderslive order books−$139.37
Fee Ondo Perps bp × 2 orders−$5.00
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$192.61
Costs to cover1.494%Break-even138.1 days
Slippage: Ondo Perps: live order book, 24 min ago; Extended: live order book, 24 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps10.5215.1 bp−$1596.1 bp−$961doesn’t fitdoesn’t fit
SELL · SHORTExtended3.2116.8 bp−$17132.5 bp−$1,325doesn’t fitdoesn’t fit
Closing costs about the same again.
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