Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG143.76+0.0050pay 0.0006% / 1h8m 51s$214K$117K10xLong Ondo Perps5% off
SHORT144.29+0.0048get 0.0006% / 1h8m 51s$387K$876K20xShort Popdex
Price gap+0.369%
Funding gap−0.0002% /8h

Funding is ≈ 0, so this is a price-spread trade: +$38 on $10k if the gap goes back to its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$4−0.0002% /8h now · paid +0.036% over the last 6 days (all we have)
Price+$38spread +0.369% now, avg −0.012% → +0.381% if it goes back
Costsno datano order book for Ondo Perps
Result, before costs+$42+0.42%+ Points / potential airdropOndo Perps: points · farm boardcosts unknown: no order book for Ondo Perps · What the last 7D really paid, hour by hour → backtest

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against Ondo Perpsnow
RANGE STATS · 7D
Now+0.369%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SOXL on 29 exchanges

lowest funding first

Before you open

4 ok · 1 to watch
  • Note: Order book unknown—
    No order-book sample for Ondo Perps: its slippage is not counted.
  • Note: Margin at max leverage$1,000 + $500
    Ondo Perps 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$0.07Long Ondo Perps: 24 payments, −$1.51; short Popdex: 24 payments, +$1.44.
  • OK: Entry gap works for you+0.369% vs −0.012%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$214K vs $387K 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.
  • OK: No KYC on either legOndo Perps No · Popdex No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0020%/8h × 21 periods+$4.29
Price spread+0.369% → −0.012% (7d avg)+$38.10
Slippage, 4 ordersno data for Ondo Perps—
Fee Ondo Perps bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net, fees only · 7 days · $10k+$30.99
Costs to cover0.114%Break-evenfrom the start
Slippage: Ondo Perps: no order-book sample; Popdex: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOndo Perps—————
SELL · SHORTPopdex1.399.5 bp−$960.1 bp−$601doesn’t fitdoesn’t fit

Closing costs about the same again.
Ondo Perps: no data.

Alert

SOXL news

posts that mention SOXL or Direxion Semiconductor Bull 3x, from every exchangeSearch all news →
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09-29 05:00BybitOtherBybit Perp Options are here. We just added 6 NEW tickers, bringing our lineup to 8 powerhouses: 🚀 SPCX | NVDA | TSLA | SKHY | MU | QQQ | SNDK | SOXL Trade US equity options starting from just 1 share, 24/7, settled in USDT, all from one account. @Bybit_Official on X ↗
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