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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against ApeX Omni−0.597%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: 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: Ondo Perps is 0.597% cheaper against ApeX Omni than usual: you would sell low and buy high, −$60 on $10k if it goes back to zero (this spread has no 7-day history yet).

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	45m 01s	$135K	$354K	50x
Short	Ondo Perps ONDO-USD.P	0.4344	0.0100	get 0.0013% / 1h	45m 01s	$72K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.597%Rate

Funding earned: $0
Price spread: −0.597% → 0.000%: −$59.73
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$74.73
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 12 min ago; Ondo Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 12 min ago	2.28 bp	7.6 bp −$8	30.9 bp −$309	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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.

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	0.4374	+0.089%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4371	+0.027%	$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	0.4375	+0.114%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4377	+0.166%	$370K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4378	+0.190%	$37.6M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4376	+0.135%	$63.0M	$229.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4373	+0.069%	$69.2M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4376	+0.137%	$16.8M	$72.3M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4344	−0.597%	$72K	$84K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4376	+0.131%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4373	+0.069%	$11.5M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4375	+0.114%	$45.8M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4375	+0.114%	$12.7M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4374	+0.092%	$25.0M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4375	+0.114%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4376	+0.133%	$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	0.4377	+0.172%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4379	+0.206%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4373	+0.069%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4382	+0.275%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4373	+0.069%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4375	+0.116%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4372	+0.042%	$395K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4375	+0.126%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0217%	4h	0.4376	+0.137%	$735K	$2.4M	20x	as long as short
Lighter ONDO	+0.0224%	1h	0.4377	+0.167%	$1.1M	$2.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4379	+0.197%	$360	$2K	10x	as long as short
dYdX ONDO-USD	+0.0310%	1h	0.4371	+0.028%	$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	+0.0436%	1h	0.4376	+0.137%	$23K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4373	+0.078%	$520K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4374	+0.096%	$2K	—	20x	as long as short