Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,426.6 | +0.0001 | 0.0000% / 1h | 45m 50s | $286K | $56K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,400 | +0.0050 | get 0.0050% / 8h | 5h 45m | $2.4M | $224K | 50x | Short MEXC |
Price gap−1.867%
Funding gap+0.0049% /8h
Funding pays +$1 a day on $10k, but the gap is 0.582% under its 7d average: −$58 if it goes back, about 39 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−$58spread −1.867% now, avg −1.285% → −0.582% if it goes back
Costs−$1701.697% of $10k · taker + slippage, in and out
Result−$217−2.17%+ 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−1.867%
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 size16.5 / 2.0 bpAt $10k entering Ondo Perps costs 16.5 bp, fee and slippage, 8.1× MEXC’s.
- Note: Margin at max leverage$3,333 + $200Ondo Perps 3x, MEXC 50x. 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 MEXC: 3 payments, +$1.50.
- Watch: Gap narrower than usual−1.867% vs −1.285%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 $2.4M 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 · MEXC YesKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0051%/8h × 21 periods+$10.70
Price spread−1.867% → −1.285% (7d avg)−$58.20
Slippage, 4 orderslive order books−$160.72
Fee Ondo Perps bp × 2 orders−$5.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$217.22
Costs to cover1.697%Break-even149.1 days
Slippage: Ondo Perps: live order book, 6 min ago; MEXC: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps11.2316.5 bp−$1777.9 bp−$779doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.042.0 bp−$24.9 bp−$49doesn’t fitdoesn’t fit
Closing costs about the same again.
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