Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,426.6 | +0.0050 | pay 0.0050% / 8h | 6h 33m | — | $642K | 10x | Long SunX≤10% back | |
| SHORT | 1,426.2 | +0.0001 | 0.0000% / 1h | 33m 14s | $286K | $59K | 3x | Short Ondo Perps5% off |
Price gap−0.028%
Funding gap−0.0049% /8h
The gap pays +$65 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 44 days.
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+$65spread −0.028% now, avg −0.676% → +0.648% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$54+0.54%+ 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−0.028%
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$1,000 + $3,333SunX 10x, Ondo Perps 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.48Long SunX: 3 payments, −$1.50; short Ondo Perps: 24 payments, +$0.02.
- OK: Entry gap works for you−0.028% vs −0.676%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner— vs $286K 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 legSunX No · Ondo Perps 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−0.028% → −0.676% (7d avg)+$64.82
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 23 min ago; Ondo Perps: live order book, 24 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX508.56doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOndo Perps10.52100.7 bp−$101260.3 bp−$2,603doesn’t fitdoesn’t fit
Closing costs about the same again.
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