Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.072%

Price spread now: BloFin against ApeX Omni+0.092%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.407%+$41 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.092%, 7d avg −0.012%

Together, before fees+0.401%+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.105% dearer against ApeX Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ONDOUSDT	0.4328	0.0100	pay 0.0013% / 1h	6m 44s	$132K	$339K	50x
Short	BloFin ONDO-USDT	0.4332	0.0340	get 0.0170% / 4h	1h 06m	$3.2M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.092%Rate

Funding earned: $50.4
Price spread: +0.092% → −0.012%: $10.47
Slippage, 4 orders: −$20.82
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.05
Costs to cover: 0.428%
Break-even: 4.5 days

Slippage from ApeX Omni: live order book, 36 min ago; BloFin: live order book, 7 min ago.

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 ApeX Omni live order book, 36 min ago	3.47 bp	11.4 bp −$11	25.7 bp −$257	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	3.45 bp	9.5 bp −$9	11.2 bp −$112	28.7 bp −$2,868	106.1 bp −$53.0K

ONDO on 39 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
Kraken Futures PF_ONDOUSD	−0.0146%	1h	0.4332	+0.089%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4332	+0.088%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.545%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4337	+0.215%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4333	+0.104%	$348K	$888K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4335	+0.173%	$781K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4335	+0.162%	$62.7M	$233.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4332	+0.092%	$67.9M	$122.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4334	+0.139%	$17.2M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4327	−0.016%	$71K	$81K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4334	+0.146%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4331	+0.069%	$12.7M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4334	+0.139%	$43.6M	$42.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4332	+0.092%	$12.0M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4334	+0.139%	$24.7M	$36.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4335	+0.162%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4334	+0.141%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4332	+0.085%	$724K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4328	+0.003%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4324	−0.098%	$401K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4328	long leg	$132K	$339K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4332	+0.097%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4332	+0.092%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4328	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4334	+0.139%	$450	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4341	+0.300%	$128K	$394K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4333	+0.116%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4334	+0.134%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4332	+0.100%	$358K	$810K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4335	+0.162%	$38K	$13K	3x	as long as short
dYdX ONDO-USD	+0.0132%	1h	0.4331	+0.073%	$243K	$153K	5x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4330	+0.046%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.323%	$215K	$728K	50x	as long as short
Hyperliquid ONDO	+0.0269%	1h	0.4337	+0.206%	$36.5M	$27.1M	10x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4337	+0.206%	$35K	$223K	10x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4332	+0.092%	$3.2M	$3.2M	75x
Deribit ONDO_USDC-PERPETUAL	+0.0443%	1h	0.4335	+0.162%	$18K	$351K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4331	+0.075%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1159%	1h	0.4333	+0.116%	$2K	—	20x	as long as short