Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h +0.083%

Price spread now: Kraken Futures against edgeX+0.173%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.324%+$32 on $10k

Price spread, last 4 days (all we have)−0.339%−$34 · spread now +0.173%, 7d avg +0.061%

Together, before fees−0.014%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.112% dearer against edgeX than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.061%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.324%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4414	0.0100	pay 0.0050% / 4h	1h 32m	$5K	$320K	20x
Short	Kraken Futures PF_ONDOUSD	0.4421	0.0061	get 0.0008% / 1h	32m 32s	$2.6M	$8.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.173%Rate

Funding earned: −$8.2
Price spread: +0.173% → +0.061%: $11.16
Slippage, 4 orders: −$34.71
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$50.75
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from edgeX: live order book, 31 min ago; Kraken Futures: 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	4.54 bp	9.5 bp −$10	16.1 bp −$161	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	6.79 bp	19.2 bp −$19	37.6 bp −$376	653.8 bp −$65.4K	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
dYdX ONDO-USD	+0.0002%	1h	0.4416	+0.051%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4418	+0.096%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.495%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSDshort	+0.0061%	1h	0.4421	+0.173%	$2.6M	$8.2M	50x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4421	+0.165%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4421	+0.165%	$374K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4421	+0.165%	$64.2M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4420	+0.142%	$69.9M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4421	+0.165%	$17.1M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4419	+0.122%	$72K	$87K	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	0.4418	+0.108%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4419	+0.119%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4420	+0.142%	$46.9M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4420	+0.142%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4422	+0.187%	$25.2M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4419	+0.119%	—	$758K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4409	−0.115%	$713K	$1.8M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4414	long leg	$5K	$320K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4415	+0.028%	$408K	$983K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4417	+0.074%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4422	+0.178%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4424	+0.233%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4424	+0.233%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4428	+0.323%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4423	+0.210%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4420	+0.136%	$399K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4426	+0.268%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0106%	8h	0.4422	+0.192%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0152%	4h	0.4426	+0.278%	$714K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0199%	1h	0.4424	+0.230%	$38.4M	$24.5M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0208%	1h	0.4424	+0.228%	$191K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4398	−0.365%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4421	+0.165%	$3.1M	$3.1M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4407	−0.152%	$283K	$700K	50x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4424	+0.235%	$364	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4416	+0.054%	$487K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0655%	1h	0.4424	+0.233%	$23K	$349K	25x	as long as short
Lighter ONDO	+0.0888%	1h	0.4429	+0.341%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4420	+0.146%	$2K	—	20x	as long as short