Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: Ondo Perps against BloFin+0.194%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.402%−$40 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

The price spread pays, funding is against you. Ondo Perps is 0.194% dearer against BloFin than usual: you sell high and buy low (spread +0.194% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ONDO-USDT	0.4588	0.0340	pay 0.0170% / 4h	50m 14s	$3.3M	$3.2M	75x
Short	Ondo Perps ONDO-USD.P	0.4597	0.0100	get 0.0013% / 1h	50m 14s	$75K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against BloFin. 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 BloFinbpFee Ondo PerpsbpOrdersPrice spread, now +0.194%Rate

Funding earned: −$50.4
Price spread: +0.194% → 0.000%: $19.4
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$48
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.09 bp	10.2 bp −$10	17.8 bp −$178	42.2 bp −$4,223	119.1 bp −$59.6K
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	−0.0797%	1h	0.4575	−0.275%	$2.9M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.436%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4574	−0.305%	$36K	$436K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4574	−0.301%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4574	−0.305%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4583	−0.109%	$432K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4578	−0.218%	$725K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4576	−0.262%	$68.3M	$227.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4573	−0.327%	$74.2M	$122.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4573	−0.327%	$17.9M	$81.3M	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.Pshort	+0.0100%	1h	0.4597	+0.194%	$75K	$89K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4581	−0.155%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4571	−0.371%	$12.0M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4574	−0.305%	$49.4M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4574	−0.305%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4574	−0.305%	$25.9M	$41.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4574	−0.305%	—	$743K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4587	−0.023%	$789K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4603	+0.333%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4595	+0.155%	$424K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4595	+0.153%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4584	−0.087%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4585	−0.065%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4575	−0.283%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4589	+0.022%	$134K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4575	−0.283%	$4.7M	$6.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4586	−0.041%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4575	−0.292%	$411K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4578	−0.207%	$44K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0220%	1h	0.4574	−0.305%	$231K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4596	+0.170%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	+0.240%	$302K	$859K	50x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4588	long leg	$3.3M	$3.2M	75x
Hyperliquid ONDO	+0.0359%	1h	0.4578	−0.220%	$40.6M	$26.8M	10x	as long as short
01 Exchange ONDOUSD	+0.0504%	1h	0.4587	−0.024%	$378	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0200%	1h	0.4574	−0.305%	$564K	—	100x	as long as short
Lighter ONDO	+0.1016%	1h	0.4583	−0.107%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4578	−0.210%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6733%	1h	0.4586	−0.036%	$260K	$129K	5x	as long as short