Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bitget+0.136%7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1021.018% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.136%, 7d avg +0.147%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4396	0.0100	pay 0.0050% / 4h	3h 59m	$25.2M	$39.9M	50x
Short	HTX ONDO-USDT	0.4402	0.0100	get 0.0050% / 4h	3h 59m	$130K	$434K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → +0.147%: −$1.1
Slippage, 4 orders: −$77.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$102.87
Costs to cover: 1.018%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; HTX: live order book, 59 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, 5 min ago	1.14 bp	9.8 bp −$10	16.5 bp −$165	82.4 bp −$8,240	doesn't fit
Sell HTX live order book, 59 min ago	12.55 bp	18.6 bp −$19	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	−0.0159%	1h	0.4392	−0.084%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4394	−0.050%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.913%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4398	+0.036%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4394	−0.045%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4400	+0.102%	$363K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4396	+0.002%	$63.5M	$230.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4392	−0.091%	$68.0M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4394	−0.045%	$17.2M	$73.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4393	−0.066%	$73K	$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	0.4398	+0.041%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4396	0.000%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4397	+0.023%	$44.6M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4397	+0.023%	$12.8M	$10.6M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4396	long leg	$25.2M	$39.9M	50x
BingX ONDO-USDC	+0.0100%	4h	0.4396	0.000%	—	$765K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4402	+0.141%	$187K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4399	+0.062%	$719K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4399	+0.067%	$4K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4393	−0.068%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4396	0.000%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4397	+0.018%	$69K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4399	+0.068%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4394	−0.045%	$457	$13K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4402	+0.136%	$130K	$434K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4393	−0.068%	$4.3M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4400	+0.095%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4393	−0.073%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4397	+0.018%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0143%	1h	0.4400	+0.100%	$37.9M	$24.7M	10x	as long as short
dYdX ONDO-USD	+0.0197%	1h	0.4399	+0.079%	$249K	$129K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0205%	1h	0.4394	−0.045%	$18K	$367K	25x	as long as short
Aster ONDOUSDT	+0.0231%	4h	0.4400	+0.082%	$762K	$2.5M	20x	as long as short
01 Exchange ONDOUSD	+0.0248%	1h	0.4400	+0.091%	$362	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4401	+0.114%	$272K	$731K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4396	0.000%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4396	+0.011%	$35K	$218K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4393	−0.060%	$522K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4396	0.000%	$2K	—	20x	as long as short