Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 136.71 | +0.0050 | pay 0.0006% / 1h | 50m 43s | $843K | $910K | 10x | Long Ondo Perps5% off | |
| SHORT | 137.20 | +0.0096 | get 0.0012% / 1h | 50m 43s | $354K | $175K | 20x | Short Popdex |
Price gap+0.358%
Funding gap+0.0046% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.253% above its 7d average: +$25 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5+0.0046% /8h now · paid +0.050% over the last 6 days (all we have)
Price+$25spread +0.358% now, avg +0.105% → +0.253% if it goes back
Costs−$320.316% of $10k · taker + slippage, in and out
Result−$1−0.01%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.358%
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
/8hORCL on 30 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books7.7 / 10.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Ondo Perps 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$1.37Long Ondo Perps: 24 payments, −$1.51; short Popdex: 24 payments, +$2.88.
- OK: Entry gap works for you+0.358% vs +0.105%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$354K vs $843K OIPopdex 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 · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0027%/8h × 21 periods+$5.71
Price spread+0.358% → +0.105% (7d avg)+$25.31
Slippage, 4 orderslive order books−$20.19
Fee Ondo Perps bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$0.57
Costs to cover0.316%Break-even7.7 days
Slippage: Ondo Perps: live order book, 26 min ago; Popdex: live order book, 26 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps2.197.7 bp−$820.0 bp−$200doesn’t fitdoesn’t fit
SELL · SHORTPopdex2.5510.7 bp−$1142.1 bp−$421doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 19:30 | Vest Markets | Other | Trade $ORCL volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗ |
| 09-29 19:30 | Vest Markets | Other | Heading into the close, $ORCL is up around 4.2% with the launch of Fusion Claw, which adds 25 agentic applications. The company also introduced a native NetApp storage service on its cloud, with a full rollout planned within 12 months. The move puts the shares on pace to snap a four-day losing streak that had taken them about 11% lower. @VestExchange on X ↗ |
| 09-28 17:30 | Vest Markets | Other | Oracle's AI financing model is drawing fresh skepticism, with $ORCL down around 2.7% on the session. S&P lowered the credit rating to BBB-, the shares drew a Sell rating this morning, and five-year default swaps reached a record 227 basis points last week. The $18B of debt tied to Project Jupiter is quoted near 89 cents on the dollar, with about half of Oracle's $664B backlog tied to OpenAI. @VestExchange on X ↗ |
| 09-27 09:40 | Kalshi | Other | JUST IN: Oracle reportedly gave Larry Ellison and co-CEOs nearly $1 billion in stock options that "had no value" by fiscal year-end @Kalshi on X ↗ |
| 09-25 03:59 | Kalshi | Other | JUST IN: Oracle's "investment grade" bond closed at 8.10%, in line with B3/B- junk @Kalshi on X ↗ |
| 09-24 13:30 | Vest Markets | Other | $ORCL is down around 5.4% into the open, with a reported force majeure notice to its New Mexico data center developer. The notice goes to developer Blue Owl on Project Jupiter, seeking to defer payments if the 1,400-acre campus behind Oracle's OpenAI capacity deal slips past 2028. Trade $ORCL volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗ |
Vest Markets
Kalshi