Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: MEXC against Extended+0.033%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.033%, 7d avg +0.039%

Together, before fees−0.094%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4332	0.0104	pay 0.0013% / 1h	55m 30s	$389K	$792K	25x
Short	MEXC ONDO_USDT	0.4333	0.0100	get 0.0050% / 4h	2h 55m	$42.7M	$41.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$0.84
Price spread: +0.033% → +0.039%: −$0.61
Slippage, 4 orders: −$11.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.61
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from Extended: live order book, 57 min ago; MEXC: live order book, 3 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, 57 min ago	3.40 bp	7.9 bp −$8	19.3 bp −$193	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.16 bp	1.2 bp −$1	2.3 bp −$23	20.4 bp −$2,039	118.7 bp −$59.4K

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	−0.0240%	1h	0.4339	+0.168%	$2.6M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4335	+0.085%	$248K	$133K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4344	+0.287%	$18K	$362K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4332	+0.008%	$7K	—	150x	as long as short
01 Exchange ONDOUSD	+0.0032%	1h	0.4333	+0.022%	$357	$2K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.459%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4336	+0.114%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4343	+0.264%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4331	−0.001%	$351K	$875K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4333	+0.038%	$36.4M	$25.7M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4334	+0.048%	$62.3M	$234.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4331	−0.013%	$67.4M	$125.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4333	+0.033%	$17.1M	$72.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4346	+0.345%	$72K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4333	+0.029%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4334	+0.056%	$12.0M	$16.2M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4333	+0.033%	$42.7M	$41.6M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4332	+0.010%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4333	+0.033%	$24.8M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4333	+0.033%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4341	+0.227%	$175K	$982K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4341	+0.212%	$683K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4336	+0.095%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4340	+0.195%	$407K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4339	+0.172%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4332	+0.013%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4341	+0.218%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4342	+0.241%	$451	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4344	+0.287%	$129K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4342	+0.241%	$4.2M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4333	+0.032%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4332	long leg	$389K	$792K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4341	+0.214%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0116%	4h	0.4335	+0.090%	$776K	$2.6M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4338	+0.149%	$218K	$766K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4342	+0.232%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4338	+0.149%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0554% / S −0.0193%	1h	0.4332	+0.018%	$482K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4332	+0.010%	$2K	—	20x	as long as short