Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,418.6 | +0.0001 | 0.0000% / 1h | 59m 57s | $286K | $21K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,411.9 | +0.0050 | get 0.0050% / 8h | 2h 59m | $381K | $1.1M | 20x | Short KuCoin |
Price gap−0.472%48s
Funding gap+0.0049% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.422% above its 7d average: +$42 more if it goes back.
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 −0.472%48s now · prices read too far apart to compare
Costs−$1,13111.308% of $10k · taker + slippage, in and out
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−0.472%
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 / 461.0 bpAt $10k entering KuCoin costs 461.0 bp, fee and slippage, 25.5× Ondo Perps’s.
- Note: Margin at max leverage$3,333 + $500Ondo Perps 3x, KuCoin 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 KuCoin: 3 payments, +$1.50.
- Watch: Prices read 48 s apart−0.472% vs −0.894%Part of this gap may be the market moving.
- Watch: Long leg is thinner$286K vs $381K 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 · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0051%/8h × 21 periods+$10.70
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$1,113.79
Fee Ondo Perps bp × 2 orders−$5.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$1,120.09
price spread not counted: prices read too far apartCosts to cover11.308%Break-even739.7 days
Slippage: Ondo Perps: live order book, 42 min ago; KuCoin: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps9.4918.1 bp−$1888.6 bp−$886doesn’t fitdoesn’t fit
SELL · SHORTKuCoin4.32461.0 bp−$461doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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