Funding arb · Price arb / RWA

PURR

RWAAll PURR markets →

LONGOndo Perps▾Ondo Perps −0.0789%Extended −0.0704%Bybit −0.0171%OKX 0.0000%QFEX 0.0000%Gate 0.0000%Bitget 0.0000%HTX 0.0000%BingX +0.0050%

⇄⇅

SHORTMEXC▾BingX +0.0050%OKX 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%Bitget 0.0000%HTX 0.0000%Bybit −0.0171%Extended −0.0704%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Ondo PerpsPURR-USD.P2	10.943	−0.0789	get 0.0099% / 1h	55m 03s	$101K	$273K	5x	Long Ondo Perps5% off
SHORT	MEXCPURRSTOCK_USDT	10.996	0	0.0000% / 8h	3h 55m	$109K	$160K	20x	Short MEXC

Price gap+0.484%48s

Funding gap+0.0789% /8h

Both sides work: funding pays +$24 a day on $10k, and the gap is 0.374% above its 7d average: +$37 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.289% in total, about −0.0138%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.484%

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

24H3D7D14D30D90D

Ondo PerpsMEXC

PURR on 10 exchanges

lowest funding first

Before you open

1 ok · 5 to watch

• !
  Watch: Thin at this size101.7 / 121.9 bp

  At $10k entering MEXC costs 121.9 bp, fee and slippage, 1.2× Ondo Perps’s.
• i
  Note: Margin at max leverage$2,000 + $500

  Ondo Perps 5x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Ondo Perps · 1h+$23.66

  Short MEXC · 8h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$23.66Long Ondo Perps: 24 payments, +$23.66; short MEXC: 3 payments, $0.00.
• !
  Watch: Prices read 48 s apart+0.484% vs +0.111%

  Part of this gap may be the market moving.
• !
  Watch: Long leg is thinner$101K vs $109K 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: KYCOndo Perps No · MEXC Yes

  KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0138%/8h × 21 periods−$28.95

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$384.07

Fee Ondo Perps bp × 2 orders−$5.00

Fee MEXC bp × 2 orders−$4.00

Net · 7 days · $10k−$422.02

price spread not counted: prices read too far apart

Costs to cover3.931%Break-evennever at this rate

Slippage: Ondo Perps: live order book, 22 min ago; MEXC: live order book, 64 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGOndo Perps9.11101.7 bp−$102214.2 bp−$2,142doesn’t fitdoesn’t fit

SELL · SHORTMEXC8.19121.9 bp−$122204.8 bp−$2,048238.7 bp−$23.9Kdoesn’t fit

Closing costs about the same again.

Alert

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PURR news

posts that mention PURR, from every exchangeSearch all news →

10-10 15:02	Ondo Perps	Other	The most in-demand markets trade 24/7 as perpetuals, weekends included: ▸ Intel ▸ XRP ▸ Gold ▸ AMD ▸ Meta ▸ Tesla ▸ Ondo ▸ Silver ▸ Circle ▸ Apple ▸ Zcash ▸ Netflix ▸ CXMT ▸ TSMC ▸ PURR ▸ DRAM ▸ Oracle ▸ Micron ▸ Bitcoin ▸ US100 ▸ US500 ▸ Nebius ▸ Solana ▸ Ethena ▸ Marvell ▸ Unitree ▸ Copper ▸ NVIDIA ▸ BitMine ▸ Alibaba ▸ Palantir ▸ Corning ▸ SpaceX ▸ Sandisk ▸ Amazon ▸ Zhipu AI ▸ MiniMax ▸ Strategy ▸ SK hynix ▸ Moderna ▸ Alphabet ▸ Microsoft ▸ Semis 3x ▸ Cerebras ▸ USD/JPY ▸ Samsung ▸ Coinbase ▸ Take-Two ▸ Ethereum ▸ Broadcom ▸ Lumentum ▸ BlackBerry ▸ Robinhood ▸ Hyperliquid ▸ CoreWeave ▸ Natural Gas ▸ Arm Holdings ▸ S&P 500 ETF ▸ WTI Crude Oil ▸ Brent Crude Oil ▸ South Korea 3x ▸ Nasdaq 100 ETF ▸ South Korea ETF ▸ Uranium Miners ETF Alongside always-on spot markets: ▸ Tesla ▸ Circle ▸ DRAM ▸ Micron ▸ NVIDIA ▸ SpaceX ▸ Sandisk ▸ Alphabet ▸ Gold ETF ▸ OPAIPon ▸ Silver ETF ▸ S&P 500 ETF ▸ Nasdaq 100 ETF All on a single platform. @OndoPerps on X ↗
09-17 15:22	Ondo Perps	Listing	New 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 ↗