Settings8H · net · $10k
Funding arb · Price arb /

ONDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Aevo−0.100%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.100% cheaper against Aevo than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo ONDO-PERP0.44240.0104pay 0.0013% / 1h26m 16s$38K$13K3x
ShortgTrade (Gains Network) ONDO/USD0.4420L +0.0003% / S −0.0008%get 0.0001% / 1h26m 16s$6K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aevo. 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

Funding earned
−$20.07
Price spread: −0.100% → 0.000%
−$10.01
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$56.08
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell gTrade (Gains Network) no order-book sample
Aevo and gTrade (Gains Network): 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.

ONDO on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ONDOUSD−0.0361%1h0.4421−0.083%$2.6M$8.1M50xas long as short
dYdX ONDO-USD0.0000%1h0.4416−0.196%$250K$130K5xas long as short
gTrade (Gains Network) ONDO/USDshortL +0.0003% / S −0.0008%1h0.4420−0.100%$6K150x
Injective ONDO/USDC PERP+0.0033%1h0.4568+3.248%$888$216K5.5xas long as short
Orderly PERP_ONDO_USDC+0.0099%4h0.4421−0.074%$24K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h0.4421−0.063%$388K$859K10xas long as short
Aster ONDOUSDT+0.0100%4h0.4425+0.014%$674K$2.1M20xas long as short
Binance ONDOUSDT+0.0100%4h0.4423−0.029%$64.3M$231.5M75xas long as short
Bybit ONDOUSDT+0.0100%4h0.4423−0.029%$70.1M$125.5M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.4423−0.029%$17.1M$75.9M50xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps ONDO-USD.P+0.0100%1h0.4400−0.551%$72K$89K10xas long as short
RISEx ONDO/USDC+0.0100%1h0.4420−0.090%5xas long as short
Gate ONDO_USDT+0.0100%4h0.4421−0.074%$11.7M$16.4M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.4422−0.052%$44.4M$43.0M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4422−0.052%$13.2M$11.1M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.4423−0.029%$25.1M$40.4M50xas long as short
BingX ONDO-USDT+0.0100%4h0.4423−0.029%$22.3Mas long as short
Variational Omni ONDO+0.0100%4h0.4422−0.057%$770K$1.8Mas long as short
edgeX ONDOUSDC+0.0100%4h0.4413−0.249%$5K$318K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4410−0.323%$419K$976K10xas long as short
ApeX Omni ONDOUSDT+0.0100%1h0.4415−0.210%$136K$367K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h0.4424−0.015%$93K$1.4M10xas long as short
SunX ONDO-USDT+0.0100%4h0.4421−0.074%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4423−0.029%$460$13K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4430+0.129%$130K$512K50xas long as short
Paradex ONDO-USD-PERP+0.0103%8h0.4423−0.033%$6K10xas long as short
Extended ONDO-USD+0.0104%1h0.4421−0.068%$398K$822K25xas long as short
Aevo ONDO-PERPlong+0.0104%1h0.4424long leg$38K$13K3x
Backpack ONDO_USDC_PERP+0.0114%1h0.4425+0.014%$202K$1.0M15xas long as short
Hyperliquid ONDO+0.0300%1h0.4425+0.021%$39.1M$25.7M10xas long as short
Coinbase International ONDO-PERP-INTX+0.0328%1h0.4422−0.052%$284K$746K50xas long as short
Phoenix ONDO+0.0338%1h0.4409−0.345%$35K$231K10xas long as short
01 Exchange ONDOUSD+0.0360%1h0.4425+0.019%$364$2K10xas long as short
Deribit ONDO_USDC-PERPETUAL+0.0429%1h0.4423−0.029%$23K$349K25xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0551% / S −0.0190%1h0.4419−0.114%$488K100xas long as short
Phemex ONDOUSDT+0.0657%4h0.4422−0.052%$4.2M$7.4M50xas long as short
Lighter ONDO+0.0816%1h0.4429+0.116%$1.4M$2.1M10xas long as short
Reya ONDORUSDPERP+0.1147%1h0.4423−0.035%$2K20xas long as short