Funding arb · Price arb /

URNM

RWAall URNM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0092%/8h= −10.0% APRpaid last 24h −0.028%

Price spread now: Ondo Perps against MEXC−0.058%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.058% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC URNM_USDT	52.100	0.0142	pay 0.0142% / 8h	4h 40m	$407K	$134K	50x
Short	Ondo Perps URNM-USD.P	52.070	0.0050	get 0.0006% / 1h	40m 20s	$2K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Ondo PerpsbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$19.24
Price spread: −0.058% → 0.000%: −$5.76
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$29.99
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 65 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 65 min ago	1.92 bp	12.5 bp −$12	141.9 bp −$1,419	212.0 bp −$21.2K	262.3 bp −$131.2K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

URNM on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster URNMUSDT	0.0000%	8h	52.122	+0.042%	$17K	$629	20x	as long as short
OKX URNM-USDT-SWAP	0.0000%	8h	52.100	0.000%	$215K	$88K	20x	as long as short
Gate URNM_USDT	0.0000%	8h	52.170	+0.134%	$81K	$3K	20x	as long as short
Variational Omni URNM	0.0000%	8h	52.095	−0.009%	$95K	$5K	—	as long as short
GRVT URNM_USDT_Perp	0.0000%	8h	52.130	+0.058%	$2K	$118K	10x	as long as short
SunX URNM-USDT	0.0000%	8h	52.100	0.000%	$258	$1.4M	10x	as long as short
HTX URNM-USDT	0.0000%	8h	52.170	+0.134%	$5K	$3K	10x	as long as short
BloFin URNM-USDT	+0.0016%	8h	52.100	0.000%	$53K	$2K	20x	as long as short
Ondo Perps URNM-USD.Pshort	+0.0050%	1h	52.070	−0.058%	$2K	$4K	5x
Pacifica URNM	+0.0100%	1h	52.098	−0.005%	$25K	$13K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance URNMUSDT	+0.0139%	8h	52.108	+0.015%	$723K	$796K	20x	as long as short
MEXC URNM_USDTlong	+0.0142%	8h	52.100	long leg	$407K	$134K	50x
tradeXYZ xyz:URNM	+0.0242%	1h	52.076	−0.046%	$1.4M	$423K	10x	as long as short