Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 92.650 | 0 | 0.0000% / 8h | 3h 04m | $298K | $774K | 10x | Long OKX | |
| SHORT | 92.540 | +0.0050 | get 0.0006% / 1h | 4m 02s | $7K | $166K | 10x | Short Ondo Perps5% off |
Price gap−0.119%
Funding gap+0.0050% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.028% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$3+0.0050% /8h now · paid +0.033% over the last 7D
Price+$3spread −0.119% now, avg −0.146% → +0.028% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$6+0.06%+ Points / potential airdropOndo Perps: points · farm boardcosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
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−0.119%
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
/8hRDDT on 17 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size118.8 / 39.8 bpAt $10k entering OKX costs 118.8 bp, fee and slippage, 3.0× Ondo Perps’s.
- Note: Margin at max leverage$1,000 + $1,000OKX 10x, Ondo Perps 10x. 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: +$1.51Long OKX: 3 payments, $0.00; short Ondo Perps: 24 payments, +$1.51.
- OK: Entry gap works for you−0.119% vs −0.146%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$7K vs $298K 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: KYCOKX Yes · Ondo Perps NoAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0016%/8h × 21 periods+$3.29
Price spread−0.119% → −0.146% (7d avg)+$2.77
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee OKX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: OKX: live order book, 31 min ago; Ondo Perps: live order book, 48 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX14.07118.8 bp−$119doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOndo Perps16.2439.8 bp−$40doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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