Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: SoDEX against BloFin0.000%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ONDO-USDT	0.4389	0.0340	pay 0.0170% / 4h	22m 41s	$3.1M	$3.0M	75x
Short	SoDEX ONDO-USD	0.4389	0.0100	get 0.0013% / 1h	22m 41s	$456	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$50.4
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$70.4
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 11 min ago; SoDEX: 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, 11 min ago	1.14 bp	11.7 bp −$12	14.0 bp −$140	36.2 bp −$3,618	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4385	−0.094%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4386	−0.061%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.078%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4391	+0.050%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4387	−0.046%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4386	−0.057%	$363K	$855K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4389	−0.002%	$37.5M	$24.6M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4392	+0.064%	$63.4M	$230.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4385	−0.091%	$67.8M	$126.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4389	0.000%	$17.1M	$73.2M	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	0.4398	+0.205%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4389	+0.006%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4387	−0.046%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4387	−0.046%	$44.3M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4386	−0.068%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4389	0.000%	$25.1M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4391	+0.046%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4389	−0.011%	$187K	$978K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	−0.121%	$711K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4392	+0.078%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4393	+0.090%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	+0.068%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4387	−0.034%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4386	−0.068%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDshort	+0.0100%	1h	0.4389	0.000%	$456	$13K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4396	+0.159%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4388	−0.023%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4388	−0.026%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4391	+0.037%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4389	+0.009%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4391	+0.043%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0227%	4h	0.4389	0.000%	$738K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0319%	1h	0.4388	−0.014%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4404	+0.342%	$272K	$730K	50x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4389	long leg	$3.1M	$3.0M	75x
Phoenix ONDO	+0.0365%	1h	0.4392	+0.059%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4388	−0.023%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4385	−0.093%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4386	−0.064%	$2K	—	20x	as long as short