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 | 44m 28s | $287K | $52K | 3x | Long Ondo Perps5% off | |
| SHORT | 1,445.7 | +0.0050 | get 0.0050% / 8h | 7h 44m | — | $673K | 10x | Short SunX≤10% back |
Price gap+1.360%
Funding gap+0.0049% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.688% above its 7d average: +$69 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+$69spread +1.360% now, avg +0.672% → +0.688% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$80+0.80%+ Points / potential airdropOndo Perps: points · farm boardcosts unknown: book too thin at $10k · What 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+1.360%
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
3 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$3,333 + $1,000Ondo Perps 3x, SunX 10x. 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 SunX: 3 payments, +$1.50.
- OK: Entry gap works for you+1.360% vs +0.672%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner— vs $287K OISunX sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- OK: No KYC on either legOndo Perps No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0051%/8h × 21 periods+$10.70
Price spread+1.360% → +0.672% (7d avg)+$68.83
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Ondo Perps bp × 2 orders−$5.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Ondo Perps: live order book, 18 min ago; SunX: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps4.9113.5 bp−$1372.8 bp−$728doesn’t fitdoesn’t fit
SELL · SHORTSunX511.57doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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