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

ONDO

all ONDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0119%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h +0.024%
Price spread now: GMX against ApeX Omni+0.446%7-day average −0.045% · you sell dearer than you buy
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)+0.084%+$8 on $10k
Price spread, last 4 days (all we have)−0.490%−$49 · spread now +0.446%, 7d avg −0.045%
Together, before fees−0.406%−$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.491% dearer against ApeX Omni than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ONDOUSDT0.43500.0100pay 0.0013% / 1h47m 06s$134K$355K50x
ShortGMX ONDO/USD [ETH-USDC]0.4369L +0.0606% / S −0.0219%get 0.0027% / 1h47m 06s$519K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$24.95
Price spread: +0.446% → −0.045%
$49.14
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$52.09
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 10 min ago; GMX: 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 ApeX Omni live order book, 10 min ago2.28 bp7.6 bp −$830.9 bp −$309doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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 39 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
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0011%1h0.4369+0.433%$7K150xas long as short
Kraken Futures PF_ONDOUSD+0.0033%1h0.4366+0.375%$2.6M$8.0M50xas long as short
Injective ONDO/USDC PERP+0.0033%1h0.4568+5.011%$888$216K5.5xas long as short
Orderly PERP_ONDO_USDC+0.0100%4h0.4367+0.391%$24K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h0.4368+0.408%$369K$843K10xas long as short
Hyperliquid ONDO+0.0100%1h0.4375+0.585%$37.5M$24.5M10xas long as short
Binance ONDOUSDT+0.0100%4h0.4372+0.506%$63.1M$229.0M75xas long as short
Bybit ONDOUSDT+0.0100%4h0.4369+0.437%$69.1M$124.0M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.4372+0.506%$16.8M$72.2M50xas long as short
Ondo Perps ONDO-USD.P+0.0100%1h0.4344−0.140%$72K$84K10xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx ONDO/USDC+0.0100%1h0.4372+0.496%5xas long as short
Gate ONDO_USDT+0.0100%4h0.4368+0.414%$11.5M$16.2M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.4370+0.460%$45.8M$41.6M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4368+0.414%$12.7M$10.8M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.4370+0.460%$25.0M$39.7M50xas long as short
BingX ONDO-USDT+0.0100%4h0.4370+0.460%$21.8Mas long as short
Backpack ONDO_USDC_PERP+0.0100%1h0.4373+0.517%$188K$981K15xas long as short
Variational Omni ONDO+0.0100%4h0.4365+0.339%$707K$1.8Mas long as short
edgeX ONDOUSDC+0.0100%4h0.4353+0.070%$4K$317K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4355+0.124%$402K$1.0M10xas long as short
ApeX Omni ONDOUSDTlong+0.0100%1h0.4350long leg$134K$355K50x
Polymarket Perps ONDO-USD+0.0100%1h0.4373+0.538%$67K$1.4M10xas long as short
SunX ONDO-USDT+0.0100%4h0.4372+0.506%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4368+0.414%$454$13K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4379+0.667%$127K$477K50xas long as short
Phemex ONDOUSDT+0.0100%4h0.4369+0.437%$4.2M$7.8M50xas long as short
Paradex ONDO-USD-PERP+0.0103%8h0.4366+0.371%$6K10xas long as short
Extended ONDO-USD+0.0104%1h0.4366+0.370%$395K$793K25xas long as short
Aevo ONDO-PERP+0.0104%1h0.4370+0.455%$38K$13K3xas long as short
Aster ONDOUSDT+0.0204%4h0.4371+0.479%$734K$2.4M20xas long as short
01 Exchange ONDOUSD+0.0232%1h0.4375+0.568%$360$2K10xas long as short
Lighter ONDO+0.0240%1h0.4373+0.524%$1.1M$2.4M10xas long as short
Coinbase International ONDO-PERP-INTX+0.0328%1h0.4394+1.011%$276K$719K50xas long as short
BloFin ONDO-USDT+0.0340%4h0.4375+0.575%$3.1M$2.9M75xas long as short
dYdX ONDO-USD+0.0362%1h0.4362+0.281%$247K$129K5xas long as short
Phoenix ONDO+0.0365%1h0.4354+0.083%$35K$223K10xas long as short
Deribit ONDO_USDC-PERPETUAL+0.0437%1h0.4369+0.437%$23K$346K25xas long as short
GMX ONDO/USD [ETH-USDC]shortL +0.0606% / S −0.0219%1h0.4369+0.446%$519K100x
Reya ONDORUSDPERP+0.1151%1h0.4369+0.448%$2K20xas long as short