Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 354.42 | +0.0050 | pay 0.0006% / 1h | 12m 07s | $2.1M | $1.1M | 10x | Long Ondo Perps5% off | |
| SHORT | 354.87 | +0.0048 | get 0.0006% / 1h | 12m 07s | $392K | $180K | 20x | Short Popdex |
Price gap+0.127%
Funding gap−0.0002% /8h
Funding is ≈ 0, so this is a price-spread trade: +$3 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 forecastFunding+$8−0.0002% /8h now · paid +0.079% over the last 7D
Price+$3spread +0.127% now, avg +0.100% → +0.027% if it goes back
Costs−$190.195% of $10k · taker + slippage, in and out
Result−$9−0.09%+ 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+0.127%
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
5 ok · 1 to watch- OK: Fits both order books4.1 / 5.9 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $500Ondo Perps 10x, Popdex 20x. 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: −$0.07Long Ondo Perps: 24 payments, −$1.51; short Popdex: 24 payments, +$1.44.
- OK: Entry gap works for you+0.127% vs +0.100%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$392K vs $2.1M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legOndo Perps pointsVolume here counts toward the points program.
- OK: No KYC on either legOndo Perps No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0040%/8h × 21 periods+$8.41
Price spread+0.127% → +0.100% (7d avg)+$2.72
Slippage, 4 orderslive order books−$8.08
Fee Ondo Perps bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$8.34
Costs to cover0.195%Break-even13.9 days
Slippage: Ondo Perps: live order book, 3 min ago; Popdex: live order book, 23 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps1.554.1 bp−$45.0 bp−$507.3 bp−$731doesn’t fit
SELL · SHORTPopdex0.705.9 bp−$67.6 bp−$76doesn’t fitdoesn’t fit
Closing costs about the same again.
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