Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 202.58 | +0.0050 | pay 0.0006% / 1h | 50m 50s | $384K | $86K | 10x | Long Ondo Perps5% off | |
| SHORT | 203.19 | +0.0765 | get 0.0765% / 8h | 4h 50m | $950K | $1.2M | — | Short BingX |
Price gap+0.301%46s
Funding gap+0.0715% /8h
Both sides work: funding pays +$21 a day on $10k, and the gap is 0.132% above its 7d average: +$13 more if it goes back.
The two prices were read 46 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$49+0.0715% /8h now · paid +0.489% over the last 7D
Price—spread +0.301%46s now · prices read too far apart to compare
Costs−$610.615% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.489% in total, about +0.0233%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.301%
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
1 ok · 5 to watch- Watch: Thin at this size10.7 / 18.5 bpAt $10k entering BingX costs 18.5 bp, fee and slippage, 1.7× Ondo Perps’s.
- Note: Margin at max leverage$1,000 + —Ondo Perps 10x, 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: +$21.44Long Ondo Perps: 24 payments, −$1.51; short BingX: 3 payments, +$22.95.
- Watch: Prices read 46 s apart+0.301% vs +0.169%Part of this gap may be the market moving.
- Watch: Long 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: 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+0.0233%/8h × 21 periods+$48.86
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$46.48
Fee Ondo Perps bp × 2 orders−$5.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$12.62
price spread not counted: prices read too far apartCosts to cover0.615%Break-even8.8 days
Slippage: Ondo Perps: live order book, 26 min ago; BingX: live order book, 16 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps7.4010.7 bp−$1126.2 bp−$262doesn’t fitdoesn’t fit
SELL · SHORTBingX4.6818.5 bp−$1991.6 bp−$916281.0 bp−$28.1K790.9 bp−$395.4K
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