Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.051%

Price spread now: 01 Exchange against edgeX−0.107%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. 01 Exchange is 0.107% cheaper against edgeX than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.7 days of funding at the current rate (+$4 a day). The two prices were read 57 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	0.4341	0.0100	pay 0.0050% / 4h	42m 25s	$5K	$318K	20x
Short	01 Exchange ONDOUSD	0.4336	0.0232	get 0.0029% / 1h	42m 25s	$357	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.107%Rate

Funding earned: $27.72
Price spread: −0.107% → 0.000%: −$10.67
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $1.05
Costs to cover: 0.160%
Break-even: 6.7 days

Slippage unknown: edgeX: live order book, 61 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 61 min ago	4.62 bp	9.1 bp −$9	19.0 bp −$190	doesn't fit	doesn't fit
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 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	−0.0175%	1h	0.4333	−0.175%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4335	−0.123%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.236%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4339	−0.051%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	−0.167%	$348K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4338	−0.071%	$776K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4338	−0.069%	$62.8M	$233.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4335	−0.132%	$68.2M	$121.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4335	−0.132%	$17.3M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4333	−0.185%	$71K	$81K	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	0.4336	−0.109%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4334	−0.155%	$12.8M	$15.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4336	−0.109%	$44.0M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4335	−0.132%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4337	−0.086%	$24.7M	$36.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4334	−0.155%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4330	−0.240%	$177K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4338	−0.071%	$736K	$1.8M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4341	long leg	$5K	$318K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4335	−0.132%	$399K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4338	−0.063%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4338	−0.070%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4336	−0.109%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4335	−0.132%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4335	−0.132%	$451	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4338	−0.063%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4328	−0.293%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4334	−0.159%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4334	−0.153%	$358K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4338	−0.056%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4337	−0.086%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSDshort	+0.0232%	1h	0.4336	−0.107%	$357	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4344	+0.075%	$215K	$733K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4339	−0.049%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4333	−0.178%	$3.1M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0347%	1h	0.4342	+0.034%	$36.6M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4335	−0.131%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1160%	1h	0.4336	−0.116%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1582%	1h	0.4330	−0.259%	$243K	$156K	5x	as long as short