Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 767.41 | −0.0073 | get 0.0009% / 1h | 32m 06s | $4.6M | $244K | 20x | Long Ondo Perps5% off | |
| SHORT | 768.91 | −0.0050 | pay 0.0050% / 8h | 32m 06s | $910K | $1.7M | — | Short BingX |
Price gap+0.195%
Funding gap+0.0023% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.049% above its 7d average: +$5 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$19+0.0023% /8h now · paid +0.191% over the last 7D
Price+$5spread +0.195% now, avg +0.146% → +0.049% if it goes back
Costs−$180.181% of $10k · taker + slippage, in and out
Result+$6+0.06%+ 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+0.195%
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
/8hSPY on 28 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books3.0 / 5.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + —Ondo Perps 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$0.68Long Ondo Perps: 24 payments, +$2.18; short BingX: 3 payments, −$1.50.
- OK: Entry gap works for you+0.195% vs +0.146%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$910K vs $4.6M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- Watch: KYCOndo Perps No · BingX YesAdvanced 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+0.0091%/8h × 21 periods+$19.09
Price spread+0.195% → +0.146% (7d avg)+$4.93
Slippage, 4 orderslive order books−$3.15
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$5.88
Costs to cover0.181%Break-even4.8 days
Slippage: Ondo Perps: live order book, 6 min ago; BingX: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps0.463.0 bp−$33.4 bp−$349.6 bp−$961doesn’t fit
SELL · SHORTBingX0.065.1 bp−$55.2 bp−$527.7 bp−$77416.0 bp−$8,014
Closing costs about the same again.
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