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 | 31m 13s | $286K | $59K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,400.4 | +0.0050 | get 0.0006% / 1h | 31m 13s | $70K | $13K | 5x | Short Kraken Futures |
Price gap−1.809%
Funding gap+0.0049% /8h
Funding pays +$1 a day on $10k, but the gap is 1.809% under zero (no 7-day history yet): −$181 if it goes back, about 4 months 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—spread −1.809% now · no price history on both exchanges yet
Costsno datano order book for Kraken Futures
Result, before costs—+ Points / potential airdropOndo Perps: points · farm boardneeds both price histories
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−1.809%
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 · 2 to watch- Note: Order book unknown—No order-book sample for Kraken Futures: its slippage is not counted.
- Note: Margin at max leverage$3,333 + $2,000Ondo Perps 3x, Kraken Futures 5x. 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: +$1.48Long Ondo Perps: 24 payments, −$0.02; short Kraken Futures: 24 payments, +$1.50.
- Note: No 7-day spread history−1.809%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$70K vs $286K OIKraken Futures 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 · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0051%/8h × 21 periods+$10.71
Price spread−1.809% → 0−$180.90
Slippage, 4 ordersno data for Kraken Futures—
Fee Ondo Perps bp × 2 orders−$5.00
Fee Kraken Futures bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$185.19
Costs to cover0.150%Break-even128.1 days
Slippage: Ondo Perps: live order book, 26 min ago; Kraken Futures: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps10.5215.1 bp−$1596.1 bp−$961doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures—————
Closing costs about the same again.
Kraken Futures: no data.
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