TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG10.85800.0000% / 8h3h 02m$108K$164K20xLong MEXC
SHORT10.830−0.1452pay 0.0181% / 1h2m 42s$101K$266K5xShort 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 forecast
Funding+$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 · history
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

/8h

PURR on 10 exchanges

lowest funding first

Before 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 + $2,000
    MEXC 20x, Ondo Perps 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments 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 OI
    Ondo Perps sets your exit cost. Check its book before closing.
  • OK: Points on a legOndo Perps points
    Volume here counts toward the points program.
  • Watch: KYCMEXC Yes · Ondo Perps No
    KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding 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 $10k
Costs to cover—Break-even—
Slippage: MEXC: live order book, 51 min ago; Ondo Perps: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side
BUY · 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.

Alert

PURR news

posts that mention PURR, from every exchangeSearch all news →
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09-17 15:22Ondo PerpsListingNew markets just dropped. From China’s largest DRAM manufacturer to the largest HYPE treasury and the company behind GTA 6: ▸ CXMT - ChangXin Memory Technologies ▸ ENA - Enablence Technologies ▸ PURR - Hyperliquid Strategies ▸ TTWO - Take-Two Interactive Trade now → @OndoPerps on X ↗