Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against edgeX+1.113%67s7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.540% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−1.132%−$113 · spread now +1.113%, 7d avg −0.037%

Together, before fees−1.125%+ Points / potential airdropedgeX: Active · farm board−$112 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: Gate is 1.150% dearer against edgeX than usual: you sell high and buy low, +$115 on $10k if it goes back to its 7-day average of −0.037%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4559	0.0100	pay 0.0050% / 4h	3h 42m	$5K	$320K	20x
Short	Gate ONDO_USDT	0.4610	0.0100	get 0.0050% / 4h	3h 42m	$12.1M	$16.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +1.113%Rate

Funding earned: $0
Price spread: +1.113% → −0.037%: $114.97
Slippage, 4 orders: −$30.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $60.95
Costs to cover: 0.540%
Break-even: from the start

Slippage from edgeX: live order book, 31 min ago; Gate: live order book, 1 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, 31 min ago	4.38 bp	9.6 bp −$10	16.6 bp −$166	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.17 bp	20.3 bp −$20	38.9 bp −$389	56.3 bp −$5,631	86.9 bp −$43.4K

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	−0.0867%	1h	0.4607	+1.044%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4600	+0.899%	$260K	$132K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4610	+1.117%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+0.192%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4610	+1.113%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4606	+1.014%	$442K	$708K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4612	+1.159%	$730K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4610	+1.119%	$68.9M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4611	+1.135%	$74.6M	$120.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4612	+1.157%	$17.7M	$80.5M	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	0.4588	+0.626%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4604	+0.983%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4610	+1.113%	$12.1M	$16.6M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4608	+1.069%	$49.5M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4607	+1.047%	$14.3M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4612	+1.157%	$26.0M	$40.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4612	+1.157%	—	$742K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4599	+0.876%	$230K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4549	−0.229%	$807K	$2.0M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4559	long leg	$5K	$320K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4568	+0.192%	$423K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4560	+0.016%	$174K	$326K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4611	+1.128%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4611	+1.135%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4611	+1.135%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4605	+1.003%	$135K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4597	+0.828%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4607	+1.036%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4610	+1.114%	$411K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4612	+1.164%	$40K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0111%	1h	0.4612	+1.161%	$40.7M	$26.1M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0184%	1h	0.4611	+1.135%	$34K	$363K	25x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4610	+1.120%	$379	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4577	+0.380%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4597	+0.828%	$299K	$824K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4598	+0.850%	$3.3M	$3.2M	75x	as long as short
Lighter ONDO	+0.0528%	1h	0.4611	+1.131%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4611	+1.124%	$550K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4608	+1.075%	$2K	—	20x	as long as short