Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: ApeX Omni against edgeX−0.289%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.327%+$33 · spread now −0.289%, 7d avg +0.037%

Together, before fees+0.386%+ Points / potential airdropedgeX: Active · farm board+$39 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.326% cheaper against edgeX than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4603	0.0100	pay 0.0050% / 4h	52m 18s	$5K	$318K	20x
Short	ApeX Omni ONDOUSDT	0.4590	0.0100	get 0.0013% / 1h	52m 18s	$174K	$312K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now −0.289%Rate

Funding earned: $0
Price spread: −0.289% → +0.037%: −$32.55
Slippage, 4 orders: −$17.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$69.42
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from edgeX: live order book, 26 min ago; ApeX Omni: live order book, 25 min ago.

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 edgeX live order book, 26 min ago	4.34 bp	8.8 bp −$9	15.0 bp −$150	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	3.26 bp	9.5 bp −$9	22.3 bp −$223	doesn't fit	doesn't fit

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	−0.0795%	1h	0.4588	−0.328%	$2.9M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.767%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4586	−0.372%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4587	−0.354%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4587	−0.343%	$432K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4592	−0.255%	$725K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4590	−0.289%	$68.5M	$227.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4587	−0.354%	$74.5M	$122.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4586	−0.376%	$17.9M	$81.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4591	−0.263%	$75K	$89K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4586	−0.383%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4587	−0.354%	$12.1M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4590	−0.289%	$49.5M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4589	−0.310%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4589	−0.310%	$26.0M	$41.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4587	−0.354%	—	$22.2M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4601	−0.052%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4603	long leg	$5K	$318K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4595	−0.177%	$424K	$947K	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4590	−0.289%	$174K	$312K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4592	−0.256%	$70K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4591	−0.267%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4587	−0.354%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4608	+0.102%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4591	−0.267%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4590	−0.285%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4587	−0.357%	$411K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4591	−0.267%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4593	−0.230%	$38K	$257K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0253%	1h	0.4593	−0.213%	$232K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	−0.093%	$302K	$861K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4592	−0.245%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0368%	1h	0.4594	−0.202%	$40.7M	$26.8M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0404%	1h	0.4589	−0.310%	$36K	$436K	25x	as long as short
01 Exchange ONDOUSD	+0.0520%	1h	0.4593	−0.228%	$378	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0614% / S −0.0200%	1h	0.4587	−0.349%	$566K	—	100x	as long as short
Lighter ONDO	+0.1000%	1h	0.4600	−0.063%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4590	−0.292%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6608%	1h	0.4590	−0.280%	$260K	$129K	5x	as long as short