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 −0.039%

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

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

Long on Ondo Perps Short on OKX

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

The price spread pays, funding is against you. OKX is 0.192% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.192% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps URNM-USD.P	52.100	0.0050	pay 0.0006% / 1h	24m 55s	$2K	$3K	5x
Short	OKX URNM-USDT-SWAP	52.200	0	get 0.0000% / 8h	1h 24m	$217K	$89K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.192%Rate

Funding earned: −$10.58
Price spread: +0.192% → 0.000%: $19.19
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$6.39
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 15 min ago. 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 OKX live order book, 15 min ago	6.71 bp	70.6 bp −$71	doesn't fit	doesn't fit	doesn't fit

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	−0.0369%	1h	52.042	−0.111%	$1.4M	$422K	10x	as long as short
BloFin URNM-USDT	−0.0022%	8h	52.190	+0.173%	$53K	$2K	20x	as long as short
Aster URNMUSDT	0.0000%	8h	52.062	−0.073%	$17K	$629	20x	as long as short
Binance URNMUSDT	0.0000%	8h	52.074	−0.051%	$721K	$745K	20x	as long as short
OKX URNM-USDT-SWAPshort	0.0000%	8h	52.200	+0.192%	$217K	$89K	20x
Gate URNM_USDT	0.0000%	8h	52.110	+0.019%	$81K	$4K	20x	as long as short
MEXC URNM_USDT	0.0000%	8h	52.060	−0.077%	$407K	$127K	50x	as long as short
Variational Omni URNM	0.0000%	8h	52.061	−0.075%	$95K	$5K	—	as long as short
GRVT URNM_USDT_Perp	0.0000%	8h	52.077	−0.045%	$1K	$122K	10x	as long as short
SunX URNM-USDT	0.0000%	8h	52.050	−0.096%	$2K	$1.3M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX URNM-USDT	0.0000%	8h	52.040	−0.115%	$5K	$3K	10x	as long as short
Ondo Perps URNM-USD.Plong	+0.0050%	1h	52.100	long leg	$2K	$3K	5x
Pacifica URNM	+0.0100%	1h	52.098	−0.004%	$26K	$13K	10x	as long as short