Funding arb · Price arb /

SAMSUNG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0229%/8h= −25.1% APRpaid last 24h −0.106%

Price spread now: Bitget against Ondo Perps−0.015%7-day average +0.051% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.015%, 7d avg +0.051%

Together, before fees−0.106%+ Points / potential airdropOndo Perps: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.066% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps SMSN-USD.P	204.06	0.0229	pay 0.0029% / 1h	18m 01s	$323K	$238K	10x
Short	Bitget SAMSUNGUSDT	204.03	0	get 0.0000% / 4h	1h 18m	$4.6M	$13.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee BitgetbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$48.05
Price spread: −0.015% → +0.051%: −$6.58
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$71.63
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.98 bp	8.8 bp −$9	18.4 bp −$184	30.4 bp −$3,042	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.

SAMSUNG on 24 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
Aster SAMSUNGUSDT	0.0000%	4h	203.84	−0.108%	$93K	$141K	50x	as long as short
Extended SAMSUNG-USD	0.0000%	1h	203.91	−0.073%	$180K	$81K	10x	as long as short
Binance SAMSUNGUSDT	0.0000%	4h	203.86	−0.098%	$23.7M	$160.9M	25x	as long as short
Bybit SAMSUNGUSDT	0.0000%	8h	203.83	−0.113%	$5.8M	$14.2M	100x	as long as short
Gate SAMSUNG_USDT	0.0000%	4h	203.84	−0.108%	$7.0M	$23.2M	75x	as long as short
Bitget SAMSUNGUSDTshort	0.0000%	4h	204.03	−0.015%	$4.6M	$13.6M	20x
GRVT SAMSUNG_USDT_Perp	0.0000%	4h	204.00	−0.030%	$24K	$177K	10x	as long as short
SunX SAMSUNG-USDT	0.0000%	4h	204.03	−0.015%	$965	$1.4M	10x	as long as short
HTX SAMSUNG-USDT	0.0000%	4h	204.02	−0.020%	$79K	$155K	20x	as long as short
Phemex SAMSUNGUSDT	0.0000%	8h	203.67	−0.191%	$2.7M	$1.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SAMSUNG-USDT-SWAP	+0.0009%	8h	203.75	−0.152%	$5.4M	$22.7M	25x	as long as short
BloFin SAMSUNG-USDT	+0.0058%	4h	204.03	−0.015%	$296K	$220K	25x	as long as short
Pacifica SAMSUNG	+0.0100%	1h	203.85	−0.102%	$82K	$57K	10x	as long as short
KuCoin SAMSUNGUSDTM	+0.0100%	4h	204.02	−0.020%	$558K	$152K	20x	as long as short
ApeX Omni SAMSUNGUSDT	+0.0100%	1h	203.74	−0.157%	$5K	$142K	50x	as long as short
Orderly PERP_SAMSUNG_USDC_mythos	+0.0100%	8h	203.96	−0.049%	$3K	$488	10x	as long as short
Ondo Perps SMSN-USD.Plong	+0.0229%	1h	204.06	long leg	$323K	$238K	10x
edgeX SAMSUNGUSDC	+0.0304%	4h	203.99	−0.034%	$242K	$433K	10x	as long as short
SoDEX SAMSUNG-USD	+0.0314%	1h	203.85	−0.103%	$3K	$3K	10x	as long as short
tradeXYZ xyz:SMSN	+0.0448%	1h	203.53	−0.260%	$43.9M	$46.2M	10x	as long as short
Aevo SMSN-PERP	+0.0560%	1h	204.03	−0.017%	$32K	—	10x	as long as short
Polymarket Perps SAMSUNG-USD	+0.1024%	1h	203.94	−0.059%	$37K	$296K	10x	as long as short
Aftermath Perps SAMSUNGUSD	+0.1037%	1h	203.77	−0.143%	$852	$32K	5x	as long as short
Kraken Futures PF_SAMSUNGUSD	+0.1086%	1h	203.96	−0.050%	$46K	$21K	20x	as long as short