Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.054%

Price spread now: 01 Exchange against Bitget+0.039%7-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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and 01 Exchange is 0.039% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4381	0.0100	pay 0.0050% / 4h	3h 32m	$25.1M	$40.0M	50x
Short	01 Exchange ONDOUSD	0.4383	0.0176	get 0.0022% / 1h	32m 22s	$361	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.039%Rate

Funding earned: $15.96
Price spread: +0.039% → 0.000%: $3.88
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $0.84
Costs to cover: 0.190%
Break-even: 6.6 days

Slippage unknown: Bitget: live order book, 2 min ago; 01 Exchange: 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, 2 min ago	1.14 bp	8.5 bp −$9	12.3 bp −$123	67.0 bp −$6,705	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0160%	1h	0.4380	−0.021%	$2.6M	$7.7M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4379	−0.057%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4379	−0.052%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.268%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4385	+0.082%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4380	−0.023%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4380	−0.017%	$362K	$845K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4382	+0.023%	$63.3M	$230.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4379	−0.046%	$68.0M	$125.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4381	0.000%	$17.2M	$72.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4388	+0.160%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4380	−0.012%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4379	−0.046%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4382	+0.023%	$43.6M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4380	−0.023%	$12.7M	$10.5M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4381	long leg	$25.1M	$40.0M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4381	0.000%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4383	+0.041%	$184K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4375	−0.143%	$714K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4381	−0.005%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4382	+0.021%	$410K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4383	+0.046%	$135K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4382	+0.018%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4380	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4382	+0.023%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4390	+0.205%	$130K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4381	0.000%	$4.2M	$7.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4380	−0.026%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4379	−0.040%	$395K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4384	+0.057%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSDshort	+0.0176%	1h	0.4383	+0.039%	$361	$2K	10x
Aster ONDOUSDT	+0.0195%	4h	0.4383	+0.043%	$795K	$2.6M	20x	as long as short
Hyperliquid ONDO	+0.0252%	1h	0.4385	+0.084%	$37.7M	$24.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4390	+0.205%	$260K	$738K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4385	+0.080%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4384	+0.068%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0435%	1h	0.4383	+0.046%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0556% / S −0.0193%	1h	0.4378	−0.058%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4381	+0.010%	$2K	—	20x	as long as short