Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 137.29 | +0.0048 | pay 0.0006% / 1h | 8m 54s | $355K | $175K | 20x | Long Popdex | |
| SHORT | 137.09 | +0.0050 | get 0.0006% / 1h | 8m 54s | $845K | $910K | 10x | Short Ondo Perps5% off |
Price gap−0.146%
Funding gap+0.0002% /8h
Funding is ≈ 0 and the gap is 0.041% under its 7d average: the price leg works against you, −$4 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$5+0.0002% /8h now · paid −0.050% over the last 6 days (all we have)
Price−$4spread −0.146% now, avg −0.105% → −0.041% if it goes back
Costs−$270.266% of $10k · taker + slippage, in and out
Result−$36−0.36%+ 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−0.146%
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
4 ok · 2 to watch- OK: Fits both order books8.0 / 4.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000Popdex 20x, Ondo Perps 10x. 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: +$0.07Long Popdex: 24 payments, −$1.44; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.146% vs −0.105%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$355K vs $845K 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 legPopdex No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0027%/8h × 21 periods−$5.68
Price spread−0.146% → −0.105% (7d avg)−$4.05
Slippage, 4 orderslive order books−$15.17
Fee Popdex bp × 2 orders−$6.40
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$36.30
Costs to cover0.266%Break-evennever at this rate
Slippage: Popdex: live order book, 3 min ago; Ondo Perps: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex1.098.0 bp−$852.1 bp−$521doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps1.824.3 bp−$435.8 bp−$358doesn’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 ↗ |
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