Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 203.38 | +0.0401 | pay 0.0401% / 8h | 4h 09m | $950K | $1.2M | — | Long BingX | |
| SHORT | 203.19 | +0.0050 | get 0.0006% / 1h | 9m 26s | $384K | $86K | 10x | Short Ondo Perps5% off |
Price gap−0.093%
Funding gap−0.0351% /8h
The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 17 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$49−0.0351% /8h now · paid −0.489% over the last 7D
Price+$8spread −0.093% now, avg −0.170% → +0.077% if it goes back
Costs−$750.746% of $10k · taker + slippage, in and out
Result−$116−1.16%+ 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−0.093%
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
/8hTTWO on 15 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size26.0 / 12.2 bpAt $10k entering BingX costs 26.0 bp, fee and slippage, 2.1× Ondo Perps’s.
- Note: Margin at max leverage— + $1,000BingX —, Ondo Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$10.52Long BingX: 3 payments, −$12.03; short Ondo Perps: 24 payments, +$1.51.
- OK: Entry gap works for you−0.093% vs −0.170%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$384K vs $950K 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: KYCBingX Yes · Ondo Perps NoAdvanced 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−0.0233%/8h × 21 periods−$48.86
Price spread−0.093% → −0.170% (7d avg)+$7.66
Slippage, 4 orderslive order books−$59.58
Fee BingX bp × 2 orders−$10.00
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$115.78
Costs to cover0.746%Break-evennever at this rate
Slippage: BingX: live order book, 13 min ago; Ondo Perps: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX8.1126.0 bp−$2684.1 bp−$841274.5 bp−$27.4K1222.3 bp−$611.1K
SELL · SHORTOndo Perps9.6112.2 bp−$1219.5 bp−$195doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-28 16:43 | Avantis | Other | 2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗ |
| 09-24 14:14 | Avantis | Listing | new market TTWO/USD ($TTWO) seen by our collector |
| 09-17 15:22 | Ondo Perps | Listing | New markets just dropped. From China’s largest DRAM manufacturer to the largest HYPE treasury and the company behind GTA 6: ▸ CXMT - ChangXin Memory Technologies ▸ ENA - Enablence Technologies ▸ PURR - Hyperliquid Strategies ▸ TTWO - Take-Two Interactive Trade now → @OndoPerps on X ↗ |
Avantis