Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,426.3 | +0.0001 | 0.0000% / 1h | 39m 58s | $286K | $60K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,399.6 | +0.0050 | get 0.0050% / 8h | 6h 39m | $178K | $64K | 20x | Short HTX |
Price gap−1.869%
Funding gap+0.0049% /8h
Funding pays +$1 a day on $10k, but the gap is 0.551% under its 7d average: −$55 if it goes back, about 37 days of funding.
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−$55spread −1.869% now, avg −1.318% → −0.551% if it goes back
Costs−$1451.449% of $10k · taker + slippage, in and out
Result−$189−1.89%+ 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−1.869%
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 size15.1 / 10.0 bpAt $10k entering Ondo Perps costs 15.1 bp, fee and slippage, 1.5× HTX’s.
- Note: Margin at max leverage$3,333 + $500Ondo Perps 3x, HTX 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 HTX: 3 payments, +$1.50.
- Watch: Gap narrower than usual−1.869% vs −1.318%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$178K vs $286K OIHTX 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 · HTX LimitedNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0051%/8h × 21 periods+$10.70
Price spread−1.869% → −1.318% (7d avg)−$55.15
Slippage, 4 orderslive order books−$127.86
Fee Ondo Perps bp × 2 orders−$5.00
Fee HTX bp × 2 orders−$12.00
Net · 7 days · $10k−$189.30
Costs to cover1.449%Break-even130.8 days
Slippage: Ondo Perps: live order book, 17 min ago; HTX: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps10.5215.1 bp−$1596.1 bp−$961doesn’t fitdoesn’t fit
SELL · SHORTHTX2.5710.0 bp−$10doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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