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: SunX against Ondo Perps+0.039%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 SunX

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. SunX is 0.039% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps URNM-USD.P	51.940	0.0050	pay 0.0006% / 1h	12m 04s	$2K	$3K	5x
Short	SunX URNM-USDT	51.960	0	get 0.0000% / 8h	1h 12m	$1K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$10.58
Price spread: +0.039% → 0.000%: $3.85
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$19.73
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 2 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 SunX live order book, 2 min ago	501.20 bp	doesn't fit	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	−0.0530%	1h	51.986	+0.089%	$1.4M	$422K	10x	as long as short
BloFin URNM-USDT	−0.0003%	8h	52.080	+0.270%	$53K	$2K	20x	as long as short
Aster URNMUSDT	0.0000%	8h	51.994	+0.104%	$17K	$629	20x	as long as short
Binance URNMUSDT	0.0000%	8h	51.993	+0.103%	$722K	$749K	20x	as long as short
OKX URNM-USDT-SWAP	0.0000%	8h	52.060	+0.231%	$207K	$100K	20x	as long as short
Gate URNM_USDT	0.0000%	8h	52.070	+0.250%	$81K	$4K	20x	as long as short
MEXC URNM_USDT	0.0000%	8h	51.990	+0.096%	$406K	$128K	50x	as long as short
Variational Omni URNM	0.0000%	8h	51.986	+0.088%	$95K	$5K	—	as long as short
GRVT URNM_USDT_Perp	0.0000%	8h	51.996	+0.108%	$1K	$121K	10x	as long as short
SunX URNM-USDTshort	0.0000%	8h	51.960	+0.039%	$1K	$1.3M	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX URNM-USDT	0.0000%	8h	51.970	+0.058%	$5K	$3K	10x	as long as short
Ondo Perps URNM-USD.Plong	+0.0050%	1h	51.940	long leg	$2K	$3K	5x
Pacifica URNM	+0.0100%	1h	52.048	+0.208%	$26K	$13K	10x	as long as short