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: edgeX against Bitget+0.255%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.248%−$25 · spread now +0.255%, 7d avg +0.001%

Together, before fees−0.243%+ Points / potential airdropedgeX: Active · farm board−$24 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: edgeX is 0.254% dearer against Bitget than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4582	0.0100	pay 0.0050% / 4h	3h 41m	$25.9M	$40.0M	50x
Short	edgeX ONDOUSDC	0.4594	0.0100	get 0.0050% / 4h	3h 41m	$5K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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 BitgetbpFee edgeXbpOrdersPrice spread, now +0.255%Rate

Funding earned: $0
Price spread: +0.255% → +0.001%: $25.36
Slippage, 4 orders: −$20.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$15.81
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; edgeX: live order book, 32 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 Bitget live order book, 3 min ago	1.09 bp	12.4 bp −$12	19.8 bp −$198	81.5 bp −$8,149	doesn't fit
Sell edgeX live order book, 32 min ago	4.38 bp	8.9 bp −$9	14.8 bp −$148	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	−0.0872%	1h	0.4579	−0.058%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4573	−0.190%	$259K	$132K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4581	−0.022%	$33K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4580	−0.040%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.306%	$888	$216K	5.5x	as long as short
Gate ONDO_USDT	+0.0068%	4h	0.4580	−0.044%	$12.0M	$16.6M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4580	−0.044%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4579	−0.055%	$439K	$708K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4582	0.000%	$725K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4579	−0.071%	$68.4M	$226.0M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4579	−0.065%	$74.2M	$120.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4581	−0.022%	$17.6M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	+0.127%	$76K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4575	−0.151%	—	—	5x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4580	−0.044%	$49.7M	$41.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4583	+0.022%	$14.2M	$11.0M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4582	long leg	$25.9M	$40.0M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4581	−0.022%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4583	+0.028%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4583	+0.017%	$819K	$2.0M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4594	+0.255%	$5K	$318K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4596	+0.312%	$426K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4560	−0.480%	$174K	$326K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4582	+0.007%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4581	−0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4581	−0.022%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4588	+0.131%	$135K	$502K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4582	0.000%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4569	−0.276%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4580	−0.053%	$409K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4582	0.000%	$40K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0117%	1h	0.4586	+0.093%	$40.5M	$26.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4582	+0.007%	$377	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4577	−0.118%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4584	+0.044%	$298K	$821K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4579	−0.065%	$3.3M	$3.1M	75x	as long as short
Lighter ONDO	+0.0536%	1h	0.4591	+0.192%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4580	−0.046%	$547K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4580	−0.038%	$2K	—	20x	as long as short