Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni−0.174%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1481.478% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.214%+$21 · spread now −0.174%, 7d avg −0.037%

Together, before fees+0.222%+$22 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: SunX is 0.137% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ONDOUSDT	0.4607	0.0100	pay 0.0013% / 1h	8m 29s	$172K	$335K	50x
Short	SunX ONDO-USDT	0.4599	0.0100	get 0.0050% / 4h	3h 08m	—	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.037%: −$13.7
Slippage, 4 orders: −$129.76
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$161.46
Costs to cover: 1.478%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 64 min ago; SunX: live order book, 6 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, 64 min ago	2.19 bp	7.9 bp −$8	23.7 bp −$237	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	46.45 bp	66.6 bp −$67	doesn't fit	doesn't fit	doesn't fit

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	−0.0868%	1h	0.4600	−0.151%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4598	−0.189%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4600	−0.152%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.847%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4598	−0.195%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4600	−0.157%	$431K	$706K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4598	−0.195%	$68.8M	$220.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4597	−0.217%	$74.1M	$119.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4599	−0.174%	$17.6M	$77.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4593	−0.306%	$73K	$91K	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	0.4595	−0.259%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4594	−0.282%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4595	−0.260%	$49.6M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4600	−0.152%	$14.3M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4601	−0.130%	$26.1M	$38.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4596	−0.239%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4599	−0.179%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4605	−0.047%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4614	+0.144%	$426K	$967K	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4607	long leg	$172K	$335K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4601	−0.130%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDTshort	+0.0100%	4h	0.4599	−0.174%	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4601	−0.130%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4609	+0.043%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4599	−0.174%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4595	−0.269%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4596	−0.229%	$417K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4602	−0.098%	$40K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0105%	4h	0.4599	−0.174%	$725K	$2.1M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0118%	1h	0.4601	−0.141%	$232K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4600	−0.152%	$34K	$341K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4613	+0.130%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4600	−0.154%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4605	−0.043%	$300K	$818K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4604	−0.065%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0370%	1h	0.4604	−0.069%	$40.9M	$24.8M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4600	−0.161%	$549K	—	100x	as long as short
Lighter ONDO	+0.0672%	1h	0.4606	−0.017%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4600	−0.157%	$2K	—	20x	as long as short