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 | 1m 15s | $286K | $21K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,411.2 | 0 | 0.0000% / 8h | 3h 01m | $3.7M | $339K | 20x | Short OKX |
Price gap−0.522%
Funding gap−0.0001% /8h
Funding is ≈ 0, so this is a price-spread trade: +$28 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0001% /8h now · paid +0.002% over the last 7D
Price+$28spread −0.522% now, avg −0.798% → +0.276% if it goes back
Costs−$2142.140% of $10k · taker + slippage, in and out
Result−$186−1.86%+ 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−0.522%
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 · 4 to watch- Watch: Thin at this size18.1 / 11.4 bpAt $10k entering Ondo Perps costs 18.1 bp, fee and slippage, 1.6× OKX’s.
- Note: Margin at max leverage$3,333 + $500Ondo Perps 3x, OKX 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: −$0.02Long Ondo Perps: 24 payments, −$0.02; short OKX: 3 payments, $0.00.
- OK: Entry gap works for you−0.522% vs −0.798%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$286K vs $3.7M 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 · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0001%/8h × 21 periods+$0.20
Price spread−0.522% → −0.798% (7d avg)+$27.59
Slippage, 4 orderslive order books−$199.02
Fee Ondo Perps bp × 2 orders−$5.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$186.22
Costs to cover2.140%Break-even6492.4 days
Slippage: Ondo Perps: live order book, 41 min ago; OKX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps9.4918.1 bp−$1888.6 bp−$886doesn’t fitdoesn’t fit
SELL · SHORTOKX3.1911.4 bp−$11doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-24 19:20 | Kalshi | Other | JUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗ |
| 10-23 22:30 | Markets by Kinetiq | Other | OpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗ |
| 10-23 19:45 | Kalshi | Other | JUST IN: OpenAI to train frontier models without internet access @Kalshi on X ↗ |
| 10-23 12:45 | Kalshi | Other | JUST IN: Wall Street urges Anthropic and OpenAI to go public by the year's end @Kalshi on X ↗ |
| 10-22 20:22 | Kalshi | Other | JUST IN: OpenAI nears $30 billion funding round at $1.25 trillion valuation @Kalshi on X ↗ |
| 10-21 18:00 | Kalshi | Other | JUST IN: OpenAI to sell its frontier models, including GPT-6 Astra, and Codex through Google Cloud, per Reuters @Kalshi on X ↗ |
Kalshi
Markets by Kinetiq