Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against Bitget+0.030%50s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 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 0.030% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4347	0.0100	pay 0.0050% / 4h	3h 12m	$24.9M	$39.7M	50x
Short	Ondo Perps ONDO-USD.P	0.4348	0.0100	get 0.0013% / 1h	12m 49s	$72K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → 0.000%: $2.99
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$14.01
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	1.15 bp	10.8 bp −$11	16.1 bp −$161	92.2 bp −$9,221	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
Kraken Futures PF_ONDOUSD	−0.0161%	1h	0.4346	−0.019%	$2.6M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4347	−0.004%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.084%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4349	+0.039%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4347	0.000%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4345	−0.058%	$358K	$843K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4346	−0.023%	$62.7M	$231.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4345	−0.046%	$67.6M	$124.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4347	0.000%	$17.1M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4348	+0.030%	$72K	$83K	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	0.4346	−0.033%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4346	−0.023%	$11.8M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4347	0.000%	$43.1M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4347	0.000%	$12.6M	$10.5M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4347	long leg	$24.9M	$39.7M	50x
BingX ONDO-USDC	+0.0100%	4h	0.4347	0.000%	—	$760K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4348	+0.016%	$183K	$978K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4351	+0.086%	$689K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4354	+0.158%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4354	+0.154%	$406K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4356	+0.207%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4346	−0.021%	$65K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4348	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4348	+0.023%	$452	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4354	+0.161%	$128K	$423K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4349	+0.046%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4345	−0.047%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4346	−0.018%	$391K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4350	+0.078%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0145%	4h	0.4348	+0.034%	$786K	$2.6M	20x	as long as short
Hyperliquid ONDO	+0.0161%	1h	0.4347	+0.009%	$37.0M	$24.9M	10x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4347	−0.005%	$358	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4343	−0.092%	$219K	$765K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4356	+0.202%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4349	+0.046%	$3.1M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0440%	1h	0.4349	+0.046%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0554% / S −0.0193%	1h	0.4346	−0.017%	$483K	—	100x	as long as short
dYdX ONDO-USD	+0.0940%	1h	0.4340	−0.153%	$246K	$129K	5x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4346	−0.018%	$2K	—	20x	as long as short