Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.6740 | +0.0500 | pay 0.0500% / 8h | 4h 42m | $961K | $1.6M | — | Long BingX | |
| SHORT | 8.6530 | −0.0408 | pay 0.0051% / 1h | 42m 38s | $90K | $291K | 5x | Short Ondo Perps5% off |
Price gap−0.242%
Funding gap−0.0908% /8h
Both sides work against this direction now: funding costs $27 a day on $10k and the gap is 0.095% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$22−0.0908% /8h now · paid −0.216% over the last 7D
Price−$10spread −0.242% now, avg −0.147% → −0.095% if it goes back
Costs−$2002.003% of $10k · taker + slippage, in and out
Result−$231−2.31%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.216% in total, about −0.0103%/8h on average.
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−0.242%
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
/8hPURR on 10 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size95.1 / 5.7 bpAt $10k entering BingX costs 95.1 bp, fee and slippage, 16.6× Ondo Perps’s.
- Note: Margin at max leverage— + $2,000BingX —, Ondo Perps 5x. 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: −$27.24Long BingX: 3 payments, −$15.00; short Ondo Perps: 24 payments, −$12.24.
- Watch: Gap narrower than usual−0.242% vs −0.147%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$90K vs $961K 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: KYCBingX Yes · Ondo Perps NoAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0103%/8h × 21 periods−$21.63
Price spread−0.242% → −0.147% (7d avg)−$9.55
Slippage, 4 orderslive order books−$185.32
Fee BingX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$231.49
Costs to cover2.003%Break-evennever at this rate
Slippage: BingX: live order book, 12 min ago; Ondo Perps: live order book, 60 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX3.4695.1 bp−$95doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOndo Perps2.865.7 bp−$620.3 bp−$203doesn’t fitdoesn’t fit
Closing costs about the same again.
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