Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.7710 | +0.1907 | pay 0.0238% / 1h | 48m 47s | $100K | $285K | 5x | Long Ondo Perps5% off | |
| SHORT | 8.7850 | +0.1380 | get 0.1380% / 8h | 5h 48m | $961K | $1.6M | — | Short BingX |
Price gap+0.160%
Funding gap−0.0527% /8h
Funding costs $16 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$22−0.0527% /8h now · paid +0.222% over the last 7D
Price+$1spread +0.160% now, avg +0.152% → +0.008% if it goes back
Costs−$4984.979% of $10k · taker + slippage, in and out
Result−$475−4.75%+ 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 +0.222% in total, about +0.0106%/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+0.160%
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 · 4 to watch- Watch: Thin at this size75.5 / 92.6 bpAt $10k entering BingX costs 92.6 bp, fee and slippage, 1.2× Ondo Perps’s.
- Note: Margin at max leverage$2,000 + —Ondo Perps 5x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$15.82Long Ondo Perps: 24 payments, −$57.22; short BingX: 3 payments, +$41.40.
- Note: Gap at its usual level+0.160% vs +0.152%The price leg adds little either way.
- Watch: Long leg is thinner$100K 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: KYCOndo Perps No · BingX YesAdvanced 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+0.0106%/8h × 21 periods+$22.25
Price spread+0.160% → +0.152% (7d avg)+$0.79
Slippage, 4 orderslive order books−$482.93
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$474.89
Costs to cover4.979%Break-even156.4 days
Slippage: Ondo Perps: live order book, 59 min ago; BingX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps54.1675.5 bp−$76doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX6.8592.6 bp−$93239.0 bp−$2,390509.3 bp−$50.9K896.2 bp−$448.1K
Closing costs about the same again.
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