Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 139.41 | +0.0740 | pay 0.0093% / 1h | 45m 58s | $161K | $15K | 10x | Long Backpack | |
| SHORT | 139.24 | +0.0050 | get 0.0006% / 1h | 45m 58s | $556K | $2.0M | 10x | Short Ondo Perps5% off |
Price gap−0.122%
Funding gap−0.0690% /8h
Both sides work against this direction now: funding costs $21 a day on $10k and the gap is 0.043% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0690% /8h now · paid −0.065% over the last 7D
Price−$4spread −0.122% now, avg −0.079% → −0.043% if it goes back
Costs−$290.294% of $10k · taker + slippage, in and out
Result−$40−0.40%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.065% in total, about −0.0031%/8h on average.
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−0.122%
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
/8hSKHY on 33 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books6.9 / 8.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $1,000Backpack 10x, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$20.70Long Backpack: 24 payments, −$22.21; short Ondo Perps: 24 payments, +$1.51.
- Watch: Gap narrower than usual−0.122% vs −0.079%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$161K vs $556K OIBackpack sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCBackpack Yes · Ondo Perps NoKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0031%/8h × 21 periods−$6.47
Price spread−0.122% → −0.079% (7d avg)−$4.29
Slippage, 4 orderslive order books−$14.43
Fee Backpack bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$40.20
Costs to cover0.294%Break-evennever at this rate
Slippage: Backpack: live order book, 27 min ago; Ondo Perps: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack1.086.9 bp−$716.8 bp−$168doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps5.038.0 bp−$815.8 bp−$158doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-23 17:31 | Vest Markets | Other | SK Hynix halted its Solidigm IPO review, with $SKHY up around 4% on the session and Seoul shares closing 4.4% higher. The shelved Solidigm listing had been reported to raise $15 billion and value the unit at up to $150 billion. $SKHY has third-quarter earnings on Oct. 28, with a funding plan for Solidigm's US fab in focus. @VestExchange on X ↗ |
| 10-23 16:53 | Backpack | Other | Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗ |
| 10-20 21:37 | BingX | Other | AI demand is putting memory stocks back in focus 🤖 SK hynix (SKHY) rallied as semiconductor shares rebounded and Nvidia's memory plans fueled optimism. What's driving the momentum? Read the full breakdown below👇 @BingXOfficial on X ↗ |
| 10-19 14:54 | Phemex | Other | 👉 $SNDK/USDT: 👉 solana:MUxEsUKSMACyw5fZf68wxf5FLnZVhtU9CwH8uNNGay1/USDT: 👉 $SKHY/USDT: @Phemex_official on X ↗ |
| 10-18 00:45 | Arcus | Other | This weekend, memory stocks swept ~7% in minutes on perp markets, on no news, then bounced most of the way back. On Arcus, price bands held the move. Outside regular trading hours, perps trading and the mark price are constrained to a range around the last regular-hours price. The range widens only if sustained pressure builds - so a flash wick in thin weekend liquidity can't instantly mark positions down. The result on Saturday: 44.4k orders were rejected at the band floor, and 98% of open positions on SKHY, SNDK, MU, DRAM, CRWV, and BE made it through the wick without being liquidated. Price bands don't make liquidation impossible - a real, sustained move will still move the mark. They exist so you aren't liquidated by ten minutes of thin liquidity. How off-hours protection works: @arcus_xyz on X ↗ |
| 10-18 00:40 | Arcus | Other | This weekend, AI infrastructure stocks swept ~7% in minutes on perp markets, on no news, then bounced most of the way back. On Arcus, price bands held the move. Outside regular trading hours, perps trading and the mark price are constrained to a range around the last regular-hours price. The range widens only if sustained pressure builds - so a flash wick in thin weekend liquidity can't instantly mark positions down. The result on Saturday: 44.4k orders were rejected at the band floor, and 98% of open positions on SKHY, SNDK, MU, DRAM, CRWV, and BE made it through without being liquidated. Price bands don't make liquidation impossible - a real, sustained move will still move the mark. They exist so you aren't liquidated by ten minutes of thin liquidity. How off-hours protection works: @arcus_xyz on X ↗ |

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