Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni+0.320%81s7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.211% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)−0.649%−$65 · spread now +0.320%, 7d avg −0.054%

Together, before fees−0.708%−$71 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.374% dearer against ApeX Omni than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.054%. The two prices were read 81 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	ApeX Omni ONDOUSDT	0.4370	0.0100	pay 0.0013% / 1h	44m 01s	$135K	$354K	50x
Short	MEXC ONDO_USDT	0.4384	0.0100	get 0.0050% / 4h	44m 01s	$46.0M	$41.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.320%Rate

Funding earned: $0
Price spread: +0.320% → −0.054%: $37.41
Slippage, 4 orders: −$11.08
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $16.33
Costs to cover: 0.211%
Break-even: from the start

Slippage from ApeX Omni: live order book, 13 min ago; MEXC: live order book, 5 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, 13 min ago	2.28 bp	7.6 bp −$8	30.9 bp −$309	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.15 bp	1.7 bp −$2	5.9 bp −$59	30.0 bp −$2,998	135.1 bp −$67.6K

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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4382	+0.271%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4379	+0.207%	$2.6M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.531%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4381	+0.252%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4384	+0.320%	$371K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4385	+0.348%	$37.6M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4382	+0.275%	$63.1M	$229.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4381	+0.252%	$69.3M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4380	+0.229%	$16.8M	$72.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4369	−0.023%	$72K	$84K	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	0.4381	+0.245%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4381	+0.252%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4384	+0.320%	$46.0M	$41.6M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4382	+0.275%	$12.7M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4380	+0.229%	$25.0M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4382	+0.275%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4383	+0.297%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4374	+0.084%	$709K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4369	−0.023%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4355	−0.334%	$402K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4370	long leg	$135K	$354K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4383	+0.297%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4381	+0.252%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4381	+0.252%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4390	+0.458%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4381	+0.252%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4375	+0.123%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4378	+0.191%	$395K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4381	+0.259%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0216%	4h	0.4384	+0.320%	$737K	$2.4M	20x	as long as short
Lighter ONDO	+0.0224%	1h	0.4384	+0.323%	$1.1M	$2.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4384	+0.316%	$361	$2K	10x	as long as short
dYdX ONDO-USD	+0.0289%	1h	0.4371	+0.032%	$247K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.549%	$276K	$719K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4376	+0.137%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4377	+0.172%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0435%	1h	0.4382	+0.275%	$23K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4381	+0.251%	$520K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4384	+0.318%	$2K	—	20x	as long as short