Funding arb · Price arb /

ONDO

all ONDO markets

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 0.000%

Price spread now: MEXC against edgeX+0.389%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs+$19as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.668%−$67 · spread now +0.389%, 7d avg −0.020%

Together, before fees−0.669%+ Points / potential airdropedgeX: Active · farm board−$67 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: MEXC is 0.409% dearer against edgeX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4353	0.0100	pay 0.0050% / 4h	47m 07s	$4K	$317K	20x
Short	MEXC ONDO_USDT	0.4370	0.0100	get 0.0050% / 4h	47m 07s	$45.8M	$41.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.389%Rate

Funding earned: $0
Price spread: +0.389% → −0.020%: $40.95
Slippage, 4 orders: −$12.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $19.04
Costs to cover: 0.219%
Break-even: from the start

Slippage from edgeX: live order book, 11 min ago; MEXC: live order book, 2 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, 11 min ago	4.59 bp	9.1 bp −$9	17.3 bp −$173	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.15 bp	1.7 bp −$2	5.9 bp −$59	30.0 bp −$2,998	135.1 bp −$67.6K

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	0.4369	+0.362%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4366	+0.305%	$2.6M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.938%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4367	+0.320%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4368	+0.337%	$369K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4375	+0.515%	$37.5M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4372	+0.435%	$63.1M	$229.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4369	+0.366%	$69.1M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4372	+0.435%	$16.8M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4344	−0.210%	$72K	$84K	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	0.4372	+0.425%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4368	+0.343%	$11.5M	$16.2M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4370	+0.389%	$45.8M	$41.6M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4368	+0.343%	$12.7M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4370	+0.389%	$25.0M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4370	+0.389%	—	$21.8M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4373	+0.447%	$188K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	+0.268%	$707K	$1.8M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4353	long leg	$4K	$317K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4355	+0.054%	$402K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4350	−0.070%	$134K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4373	+0.467%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4372	+0.435%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4368	+0.343%	$454	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4379	+0.596%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4369	+0.366%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4366	+0.301%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4366	+0.299%	$395K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4370	+0.384%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0204%	4h	0.4371	+0.408%	$734K	$2.4M	20x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4375	+0.497%	$360	$2K	10x	as long as short
Lighter ONDO	+0.0240%	1h	0.4373	+0.453%	$1.1M	$2.4M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.940%	$276K	$719K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4375	+0.504%	$3.1M	$2.9M	75x	as long as short
dYdX ONDO-USD	+0.0362%	1h	0.4362	+0.210%	$247K	$129K	5x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4354	+0.012%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0437%	1h	0.4369	+0.366%	$23K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4369	+0.376%	$519K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4369	+0.377%	$2K	—	20x	as long as short