Funding arb · Price arb /

URNM

RWAall URNM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: tradeXYZ against Ondo Perps+0.025%53s7-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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.025% dearer against Ondo Perps than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	52.090	0.0050	pay 0.0006% / 1h	45m 46s	$2K	$3K	5x
Short	tradeXYZ xyz:URNM	52.103	0.0050	get 0.0006% / 1h	45m 46s	$1.4M	$422K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$0.08
Price spread: +0.025% → 0.000%: $2.5
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$20.59
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 2 min ago	4.51 bp	42.3 bp −$42	99.0 bp −$990	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
Aster URNMUSDT	0.0000%	8h	52.142	+0.100%	$17K	$629	20x	as long as short
Binance URNMUSDT	0.0000%	8h	52.150	+0.115%	$720K	$755K	20x	as long as short
OKX URNM-USDT-SWAP	0.0000%	8h	52.200	+0.211%	$217K	$88K	20x	as long as short
Gate URNM_USDT	0.0000%	8h	52.170	+0.154%	$81K	$3K	20x	as long as short
MEXC URNM_USDT	0.0000%	8h	52.140	+0.096%	$407K	$127K	50x	as long as short
Variational Omni URNM	0.0000%	8h	52.136	+0.088%	$95K	$5K	—	as long as short
GRVT URNM_USDT_Perp	0.0000%	8h	52.130	+0.077%	$2K	$121K	10x	as long as short
SunX URNM-USDT	0.0000%	8h	52.100	+0.019%	$1K	$1.3M	10x	as long as short
HTX URNM-USDT	0.0000%	8h	52.210	+0.230%	$5K	$3K	10x	as long as short
BloFin URNM-USDT	+0.0002%	8h	52.120	+0.058%	$53K	$2K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:URNMshort	+0.0050%	1h	52.103	+0.025%	$1.4M	$422K	10x
Ondo Perps URNM-USD.Plong	+0.0050%	1h	52.090	long leg	$2K	$3K	5x
Pacifica URNM	+0.0100%	1h	52.151	+0.118%	$25K	$13K	10x	as long as short