Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 104.54 | −2.2504 | get 0.2813% / 1h | 9m 10s | $119K | $658K | 20x | Long Popdex | |
| SHORT | 103.92 | −1.5932 | pay 0.1992% / 1h | 9m 10s | $69K | $197K | 5x | Short Ondo Perps5% off |
Price gap−0.593%
Funding gap+0.6572% /8h
Funding pays +$197 a day on $10k, but the gap is 0.425% under its 7d average: −$43 if it goes back, about 5 hours of funding. At the last 7 days' pace that is about 47 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$152+0.6572% /8h now · paid +1.525% over the last 7D
Price−$43spread −0.593% now, avg −0.168% → −0.425% if it goes back
Costs−$680.677% of $10k · taker + slippage, in and out
Result+$42+0.42%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +1.525% in total, about +0.0726%/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−0.593%
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
3 ok · 3 to watch- Watch: Thin at this size18.1 / 14.1 bpAt $10k entering Popdex costs 18.1 bp, fee and slippage, 1.3× Ondo Perps’s.
- Note: Margin at max leverage$500 + $2,000Popdex 20x, Ondo Perps 5x. 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: +$197.16Long Popdex: 24 payments, +$675.12; short Ondo Perps: 24 payments, −$477.96.
- Watch: Gap narrower than usual−0.593% vs −0.168%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$69K vs $119K 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 legPopdex No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0726%/8h × 21 periods+$152.49
Price spread−0.593% → −0.168% (7d avg)−$42.55
Slippage, 4 orderslive order books−$56.32
Fee Popdex bp × 2 orders−$6.40
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k+$42.23
Costs to cover0.677%Break-even5.1 days
Slippage: Popdex: live order book, 35 min ago; Ondo Perps: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex5.6118.1 bp−$1836.0 bp−$360doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps11.6014.1 bp−$1416.2 bp−$162doesn’t fitdoesn’t fit
Closing costs about the same again.
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