Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 10.858 | 0 | 0.0000% / 8h | 3h 02m | $108K | $164K | 20x | Long MEXC | |
| SHORT | 10.830 | −0.1452 | pay 0.0181% / 1h | 2m 42s | $101K | $266K | 5x | Short Ondo Perps5% off |
Price gap−0.258%
Funding gap−0.1452% /8h
Both sides work against this direction now: funding costs $44 a day on $10k and the gap is 0.146% 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+$29−0.1452% /8h now · paid +0.287% over the last 7D
Price−$15spread −0.258% now, avg −0.112% → −0.146% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$14+0.14%+ Points / potential airdropOndo Perps: points · farm boardcosts unknown: book too thin at $10k · What 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 +0.287% in total, about +0.0136%/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−0.258%
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- Problem: Doesn’t fit the books—$10k a leg is deeper than Ondo Perps’s order book right now.
- Note: Margin at max leverage$500 + $2,000MEXC 20x, 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: −$43.56Long MEXC: 3 payments, $0.00; short Ondo Perps: 24 payments, −$43.56.
- Watch: Gap narrower than usual−0.258% vs −0.112%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$101K vs $108K 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: KYCMEXC Yes · Ondo Perps NoKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0136%/8h × 21 periods+$28.66
Price spread−0.258% → −0.112% (7d avg)−$14.63
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee MEXC bp × 2 orders−$4.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: MEXC: live order book, 51 min ago; Ondo Perps: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC18.65107.5 bp−$108199.5 bp−$1,995230.7 bp−$23.1Kdoesn’t fit
SELL · SHORTOndo Perps8.73doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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