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 −0.067%

Price spread now: HTX against Ondo Perps−0.115%84s7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on HTX

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 −$2 a day on $10k at the current rate, and HTX is 0.115% cheaper against Ondo Perps than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps URNM-USD.P	52.110	0.0050	pay 0.0006% / 1h	53m 03s	$2K	$3K	5x
Short	HTX URNM-USDT	52.050	0	get 0.0000% / 8h	1h 53m	$5K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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 Ondo PerpsbpFee HTXbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$10.58
Price spread: −0.115% → 0.000%: −$11.51
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$39.1
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; HTX: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Ondo Perps and HTX: 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	−0.0416%	1h	52.081	−0.056%	$1.4M	$422K	10x	as long as short
Aster URNMUSDT	0.0000%	8h	52.084	−0.050%	$17K	$629	20x	as long as short
Binance URNMUSDT	0.0000%	8h	52.100	−0.019%	$721K	$749K	20x	as long as short
OKX URNM-USDT-SWAP	0.0000%	8h	52.210	+0.192%	$217K	$89K	20x	as long as short
Gate URNM_USDT	0.0000%	8h	52.190	+0.154%	$81K	$4K	20x	as long as short
MEXC URNM_USDT	0.0000%	8h	52.090	−0.038%	$407K	$125K	50x	as long as short
Variational Omni URNM	0.0000%	8h	52.081	−0.056%	$95K	$5K	—	as long as short
GRVT URNM_USDT_Perp	0.0000%	8h	52.100	−0.019%	$1K	$123K	10x	as long as short
SunX URNM-USDT	0.0000%	8h	52.050	−0.115%	$1K	$1.3M	10x	as long as short
HTX URNM-USDTshort	0.0000%	8h	52.050	−0.115%	$5K	$3K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin URNM-USDT	+0.0025%	8h	52.190	+0.154%	$53K	$2K	20x	as long as short
Ondo Perps URNM-USD.Plong	+0.0050%	1h	52.110	long leg	$2K	$3K	5x
Pacifica URNM	+0.0100%	1h	52.098	−0.024%	$26K	$13K	10x	as long as short