Funding arb · Price arb /

URNM

RWAall URNM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.042%

Price spread now: Ondo Perps against OKX−0.192%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. Ondo Perps is 0.192% cheaper against OKX than usual: you would sell low and buy high (spread −0.192% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 13 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX URNM-USDT-SWAP	52.210	0	get 0.0000% / 8h	1h 54m	$217K	$89K	20x
Short	Ondo Perps URNM-USD.P	52.110	0.0050	get 0.0006% / 1h	54m 00s	$2K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against OKX. 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 OKXbpFee Ondo PerpsbpOrdersPrice spread, now −0.192%Rate

Funding earned: $10.58
Price spread: −0.192% → 0.000%: −$19.15
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$23.57
Costs to cover: 0.150%
Break-even: 22.6 days

Slippage unknown: OKX: live order book, 51 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 OKX live order book, 51 min ago	8.63 bp	78.4 bp −$78	doesn't fit	doesn't fit	doesn't fit
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
tradeXYZ xyz:URNM	−0.0413%	1h	52.081	−0.247%	$1.4M	$422K	10x	as long as short
Aster URNMUSDT	0.0000%	8h	52.084	−0.242%	$17K	$629	20x	as long as short
Binance URNMUSDT	0.0000%	8h	52.088	−0.233%	$720K	$750K	20x	as long as short
OKX URNM-USDT-SWAPlong	0.0000%	8h	52.210	long leg	$217K	$89K	20x
Gate URNM_USDT	0.0000%	8h	52.190	−0.038%	$81K	$4K	20x	as long as short
MEXC URNM_USDT	0.0000%	8h	52.080	−0.249%	$407K	$125K	50x	as long as short
Variational Omni URNM	0.0000%	8h	52.081	−0.247%	$95K	$5K	—	as long as short
GRVT URNM_USDT_Perp	0.0000%	8h	52.102	−0.207%	$1K	$123K	10x	as long as short
SunX URNM-USDT	0.0000%	8h	52.050	−0.306%	$998	$1.3M	10x	as long as short
HTX URNM-USDT	0.0000%	8h	52.050	−0.306%	$5K	$3K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin URNM-USDT	+0.0019%	8h	52.120	−0.172%	$53K	$2K	20x	as long as short
Ondo Perps URNM-USD.Pshort	+0.0050%	1h	52.110	−0.192%	$2K	$3K	5x
Pacifica URNM	+0.0100%	1h	52.099	−0.212%	$26K	$13K	10x	as long as short