Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 354.27 | +0.0050 | pay 0.0006% / 1h | 15m 11s | $2.1M | $1.1M | 10x | Long Ondo Perps5% off | |
| SHORT | 354.85 | 0 | 0.0000% / 8h | 1h 15m | $12.3M | $16.3M | 100x | Short MEXC |
Price gap+0.164%
Funding gap−0.0050% /8h
The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 4.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5−0.0050% /8h now · paid +0.050% over the last 7D
Price+$7spread +0.164% now, avg +0.098% → +0.066% if it goes back
Costs−$100.096% of $10k · taker + slippage, in and out
Result+$2+0.02%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
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+0.164%
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
/8hTSLA on 39 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books4.2 / 0.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $100Ondo Perps 10x, MEXC 100x. 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: −$1.51Long Ondo Perps: 24 payments, −$1.51; short MEXC: 3 payments, $0.00.
- OK: Entry gap works for you+0.164% vs +0.098%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$2.1M vs $12.3M 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: KYCOndo Perps No · MEXC YesKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0024%/8h × 21 periods+$4.99
Price spread+0.164% → +0.098% (7d avg)+$6.62
Slippage, 4 orderslive order books−$4.62
Fee Ondo Perps bp × 2 orders−$5.00
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k+$1.98
Costs to cover0.096%Break-even4.2 days
Slippage: Ondo Perps: live order book, 5 min ago; MEXC: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps1.694.2 bp−$46.5 bp−$658.6 bp−$864doesn’t fit
SELL · SHORTMEXC0.140.1 bp$00.6 bp−$63.8 bp−$380doesn’t fit
Closing costs about the same again.
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