Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 198.09 | +0.0100 | pay 0.0050% / 4h | 1h 43m | $956K | $1.9M | — | Long BingX | |
| SHORT | 197.84 | +0.0050 | get 0.0006% / 1h | 43m 10s | $265K | $457K | 10x | Short Ondo Perps5% off |
Price gap−0.126%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.061% under its 7d average. Swap the legs.
Funding on this pair paid 0.625% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$63−0.0050% /8h now · paid +0.625% over the last 7D
Price−$6spread −0.126% now, avg −0.065% → −0.061% if it goes back
Costs−$2402.404% of $10k · taker + slippage, in and out
Result−$184−1.84%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.126%
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
/8hSAMSUNG on 26 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size5.5 / 42.9 bpAt $10k entering Ondo Perps costs 42.9 bp, fee and slippage, 7.8× BingX’s.
- Note: Margin at max leverage— + $1,000BingX —, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.49Long BingX: 6 payments, −$3.00; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.126% vs −0.065%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$265K vs $956K 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: KYCBingX Yes · Ondo Perps NoAdvanced 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+0.0298%/8h × 21 periods+$62.53
Price spread−0.126% → −0.065% (7d avg)−$6.09
Slippage, 4 orderslive order books−$225.40
Fee BingX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$183.96
Costs to cover2.404%Break-even27.6 days
Slippage: BingX: live order book, 8 min ago; Ondo Perps: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX0.255.5 bp−$67.8 bp−$7834.1 bp−$3,410104.2 bp−$52.1K
SELL · SHORTOndo Perps40.4142.9 bp−$43doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 19:52 | gTrade (Gains Network) | Listing | SAMSUNG/USD no longer reported ($SAMSUNG) seen by our collector |
| 09-25 19:30 | Vest Markets | Other | Heading into the close, Korean chip names are extending their advance, with $EWY up around 2.5% today. SK Hynix and Samsung Electronics, which make up nearly half the fund, are extending gains on AI memory demand. The fund is up around 135% over the past year and about 14% below its June high. @VestExchange on X ↗ |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market SAMSUNG/USD ($SAMSUNG) seen by our collector |
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