Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 97.410 | −0.8451 | get 0.1056% / 1h | 9m 57s | $69K | $175K | 5x | Long Ondo Perps5% off | |
| SHORT | 97.800 | −1.1264 | pay 0.1408% / 1h | 9m 57s | $137K | $414K | 20x | Short Popdex |
Price gap+0.400%
Funding gap−0.2813% /8h
The gap pays +$23 on $10k if it goes back to its 7d average, but funding costs $84 a day and eats that in about 7 hours. At the last 7 days' pace that is about 27 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$143−0.2813% /8h now · paid −1.428% over the last 7D
Price+$23spread +0.400% now, avg +0.168% → +0.232% if it goes back
Costs−$740.736% of $10k · taker + slippage, in and out
Result−$193−1.93%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −1.428% in total, about −0.0680%/8h on average.
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+0.400%
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
/8hUNITREE on 22 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- Watch: Large against open interest7.5 / 10.1 bp$10k is over 10% of Ondo Perps’s open interest.
- Note: Margin at max leverage$2,000 + $500Ondo Perps 5x, 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: −$84.38Long Ondo Perps: 24 payments, +$253.54; short Popdex: 24 payments, −$337.92.
- OK: Entry gap works for you+0.400% vs +0.168%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$69K vs $137K OIOndo Perps 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−0.0680%/8h × 21 periods−$142.77
Price spread+0.400% → +0.168% (7d avg)+$23.19
Slippage, 4 orderslive order books−$62.18
Fee Ondo Perps bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$193.16
Costs to cover0.736%Break-evennever at this rate
Slippage: Ondo Perps: live order book, 3 min ago; Popdex: live order book, 58 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOndo Perps4.627.5 bp−$824.5 bp−$245doesn’t fitdoesn’t fit
SELL · SHORTPopdex3.5210.1 bp−$1023.2 bp−$232doesn’t fitdoesn’t fit
Closing costs about the same again.
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