Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Bitget+0.022%7-day average −0.002% · 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−$25as in the Price arb table

costs, in and out, $10k−$270.275% of the position

Long on Bitget Short on MEXC

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−0.027%−$3 · spread now +0.022%, 7d avg −0.002%

Together, before fees−0.021%−$2 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 0.024% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4593	0.0100	pay 0.0050% / 4h	57m 07s	$26.0M	$41.6M	50x
Short	MEXC ONDO_USDT	0.4594	0.0100	get 0.0050% / 4h	57m 07s	$49.6M	$43.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.002%: $2.35
Slippage, 4 orders: −$15.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$25.12
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 7 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, 2 min ago	2.18 bp	11.4 bp −$11	19.0 bp −$190	57.7 bp −$5,765	doesn't fit
Sell MEXC live order book, 7 min ago	1.09 bp	3.2 bp −$3	6.1 bp −$61	21.8 bp −$2,176	123.2 bp −$61.6K

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
Kraken Futures PF_ONDOUSD	−0.0794%	1h	0.4591	−0.042%	$2.8M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.544%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4592	−0.017%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4593	0.000%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4593	0.000%	$432K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4595	+0.046%	$726K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4597	+0.087%	$68.5M	$227.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4594	+0.022%	$74.5M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4595	+0.044%	$17.9M	$81.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4585	−0.170%	$75K	$89K	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	0.4588	−0.112%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4591	−0.044%	$12.1M	$17.9M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4594	+0.022%	$49.6M	$43.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4592	−0.022%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4593	long leg	$26.0M	$41.6M	50x
BingX ONDO-USDC	+0.0100%	4h	0.4594	+0.022%	—	$742K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4576	−0.373%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4584	−0.188%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4588	−0.109%	$423K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4581	−0.261%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4595	+0.037%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4591	−0.044%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4593	0.000%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4600	+0.152%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4593	0.000%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4587	−0.122%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4592	−0.015%	$409K	$851K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4592	−0.023%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4593	−0.007%	$38K	$257K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0267%	1h	0.4596	+0.067%	$232K	$1.0M	15x	as long as short
Hyperliquid ONDO	+0.0278%	1h	0.4598	+0.113%	$40.8M	$26.9M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4588	−0.109%	$301K	$859K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4593	0.000%	$3.3M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4595	+0.044%	$37K	$436K	25x	as long as short
01 Exchange ONDOUSD	+0.0448%	1h	0.4596	+0.054%	$378	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4592	−0.019%	$548K	—	100x	as long as short
Lighter ONDO	+0.1024%	1h	0.4602	+0.198%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4593	−0.010%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6434%	1h	0.4585	−0.172%	$259K	$129K	5x	as long as short