Settings8H · net · $10k
Funding arb · Price arb /

ONDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0352%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h −1.562%
Price spread now: 01 Exchange against dYdX+0.042%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and 01 Exchange is 0.042% dearer against dYdX 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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ONDO-USD0.44150get 0.0000% / 1h23m 57s$250K$130K5x
Short01 Exchange ONDOUSD0.44170.0352get 0.0044% / 1h23m 57s$364$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against dYdX. 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

Funding earned
$73.92
Price spread: +0.042% → 0.000%
$4.19
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$61.11
Costs to cover
0.170%
Break-even
1.2 days
Slippage unknown: dYdX: live order book, 45 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 45 min ago130.76 bp135.8 bp −$136175.9 bp −$1,759464.6 bp −$46.5K1447.9 bp −$724.0K
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 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ONDOUSD−0.0362%1h0.4416+0.017%$2.6M$8.1M50xas long as short
dYdX ONDO-USDlong0.0000%1h0.4415long leg$250K$130K5x
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0008%1h0.4414−0.031%$6K150xas long as short
Injective ONDO/USDC PERP+0.0033%1h0.4568+3.460%$888$216K5.5xas long as short
Orderly PERP_ONDO_USDC+0.0099%4h0.4416+0.017%$24K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h0.4417+0.051%$387K$860K10xas long as short
Aster ONDOUSDT+0.0100%4h0.4420+0.103%$673K$2.1M20xas long as short
Binance ONDOUSDT+0.0100%4h0.4419+0.085%$64.2M$231.5M75xas long as short
Bybit ONDOUSDT+0.0100%4h0.4418+0.062%$70.0M$125.5M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.4418+0.062%$17.1M$75.8M50xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps ONDO-USD.P+0.0100%1h0.4400−0.348%$72K$89K10xas long as short
RISEx ONDO/USDC+0.0100%1h0.4414−0.022%5xas long as short
Gate ONDO_USDT+0.0100%4h0.4417+0.040%$11.6M$16.4M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.4419+0.085%$44.2M$43.1M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4417+0.040%$13.1M$11.1M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.4418+0.062%$25.1M$40.4M50xas long as short
BingX ONDO-USDT+0.0100%4h0.4420+0.108%$22.3Mas long as short
Variational Omni ONDO+0.0100%4h0.4422+0.148%$770K$1.8Mas long as short
edgeX ONDOUSDC+0.0100%4h0.4418+0.066%$5K$318K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4419+0.082%$419K$976K10xas long as short
ApeX Omni ONDOUSDT+0.0100%1h0.4415−0.006%$136K$367K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h0.4418+0.053%$93K$1.4M10xas long as short
SunX ONDO-USDT+0.0100%4h0.4414−0.028%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4418+0.062%$459$13K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4425+0.221%$129K$512K50xas long as short
Paradex ONDO-USD-PERP+0.0103%8h0.4414−0.019%$6K10xas long as short
Extended ONDO-USD+0.0104%1h0.4416+0.019%$398K$823K25xas long as short
Aevo ONDO-PERP+0.0104%1h0.4419+0.074%$38K$13K3xas long as short
Backpack ONDO_USDC_PERP+0.0119%1h0.4421+0.133%$202K$1.0M15xas long as short
Hyperliquid ONDO+0.0297%1h0.4423+0.182%$39.0M$25.6M10xas long as short
Coinbase International ONDO-PERP-INTX+0.0328%1h0.4422+0.153%$284K$746K50xas long as short
Phoenix ONDO+0.0338%1h0.4425+0.210%$35K$231K10xas long as short
01 Exchange ONDOUSDshort+0.0352%1h0.4417+0.042%$364$2K10x
Deribit ONDO_USDC-PERPETUAL+0.0430%1h0.4417+0.040%$23K$349K25xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0551% / S −0.0190%1h0.4414−0.029%$487K100xas long as short
Phemex ONDOUSDT+0.0614%4h0.4416+0.017%$4.2M$7.4M50xas long as short
Lighter ONDO+0.0800%1h0.4424+0.200%$1.4M$2.1M10xas long as short
Reya ONDORUSDPERP+0.1147%1h0.4418+0.073%$2K20xas long as short