Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: HTX against Extended+0.295%7-day average +0.193% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$760.764% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.303%−$30 · spread now +0.295%, 7d avg +0.193%

Together, before fees−0.313%+ Points / potential airdropExtended: Active · farm board−$31 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: HTX is 0.102% dearer against Extended than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.193%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4593	0.0104	pay 0.0013% / 1h	7m 48s	$417K	$823K	25x
Short	HTX ONDO-USDT	0.4607	0.0100	get 0.0050% / 4h	3h 07m	$135K	$492K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.295%Rate

Funding earned: −$0.84
Price spread: +0.295% → +0.193%: $10.2
Slippage, 4 orders: −$59.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$67.04
Costs to cover: 0.764%
Break-even: never at this rate

Slippage from Extended: live order book, 65 min ago; HTX: live order book, 66 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 Extended live order book, 65 min ago	3.29 bp	5.8 bp −$6	13.9 bp −$139	doesn't fit	doesn't fit
Sell HTX live order book, 66 min ago	8.75 bp	14.7 bp −$15	doesn't fit	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	−0.0869%	1h	0.4596	+0.063%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4598	+0.105%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4597	+0.078%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.554%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4596	+0.055%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4600	+0.137%	$431K	$706K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4596	+0.061%	$68.8M	$221.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4594	+0.012%	$74.0M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4597	+0.077%	$17.6M	$77.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4593	−0.012%	$73K	$91K	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	0.4595	+0.034%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4592	−0.032%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4596	+0.055%	$49.4M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4595	+0.033%	$14.3M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4596	+0.055%	$26.1M	$38.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4595	+0.033%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4599	+0.115%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4605	+0.247%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4614	+0.439%	$426K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	+0.295%	$172K	$335K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4601	+0.164%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4599	+0.120%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4597	+0.077%	$478	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4607	+0.295%	$135K	$492K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4596	+0.055%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4595	+0.025%	$7K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4593	long leg	$417K	$823K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4601	+0.173%	$40K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0105%	4h	0.4596	+0.046%	$724K	$2.1M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0114%	1h	0.4593	−0.010%	$231K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4613	+0.425%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4600	+0.140%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4605	+0.251%	$300K	$818K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4604	+0.229%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0374%	1h	0.4602	+0.181%	$40.9M	$24.8M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4598	+0.099%	$34K	$341K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4597	+0.075%	$549K	—	100x	as long as short
Lighter ONDO	+0.0672%	1h	0.4605	+0.242%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4600	+0.137%	$2K	—	20x	as long as short