Funding you earn now, next payment 02:00 UTC−0.0395%/8h= −43.3% APRpaid last 24h −0.016%
Price spread now: Bybit against Ondo Perps−0.089%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.089% cheaper against Ondo Perps than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps PURR-USD.P | 13.525 | 0.0395 | pay 0.0049% / 1h | 40m 28s | $8K | $51K | 5x |
| Short | Bybit PURRUSDT | 13.513 | 0 | get 0.0000% / 8h | 6h 40m | $611K | $889K | 25x |
Ondo Perps PURR-USD.P
Bybit PURRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$82.99
- Price spread: −0.089% → 0.000%
- −$8.87
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$107.86
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 25 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 25 min ago | 6.24 bp | 99.0 bp −$99 | 772.9 bp −$7,729 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PURR on 8 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit PURRUSDTshort | 0.0000% | 8h | 13.513 | −0.089% | $611K | $889K | 25x | |
| OKX PURR-USDT-SWAP | 0.0000% | 8h | 13.510 | −0.111% | $571K | $1.3M | 20x | as long as short |
| QFEX PURR-USD | 0.0000% | 1h | 13.500 | −0.185% | $1.3M | $1.7M | 10x | as long as short |
| Gate PURR_USDT | 0.0000% | 8h | 13.555 | +0.222% | $52K | $37K | 20x | as long as short |
| Bitget PURRUSDT | 0.0000% | 8h | 13.606 | +0.599% | $333K | $2.0M | 20x | as long as short |
| HTX PURR-USDT | 0.0000% | 1h | 13.580 | +0.407% | $7K | $335K | 20x | as long as short |
| Ondo Perps PURR-USD.Plong | +0.0395% | 1h | 13.525 | long leg | $8K | $51K | 5x | |
| Extended PURR-USD | +0.1160% | 1h | 13.521 | −0.031% | $201K | $237K | 10x | as long as short |
OKX PURR-USDT-SWAP
QFEX PURR-USD
Gate PURR_USDT
Bitget PURRUSDT
HTX PURR-USDT
Extended PURR-USD