Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Extended+0.060%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.060%, 7d avg +0.024%

Together, before fees−0.083%+ Points / potential airdropExtended: Active · farm board−$8 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: OKX is 0.036% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4415	0.0104	pay 0.0013% / 1h	24m 26s	$398K	$823K	25x
Short	OKX ONDO-USDT-SWAP	0.4418	0.0100	get 0.0050% / 4h	2h 24m	$17.1M	$75.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$0.84
Price spread: +0.060% → +0.024%: $3.61
Slippage, 4 orders: −$19.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$32.02
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from Extended: live order book, 44 min ago; OKX: live order book, 4 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, 44 min ago	4.35 bp	6.8 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.13 bp	10.6 bp −$11	23.4 bp −$234	273.9 bp −$27.4K	doesn't fit

ONDO on 38 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	−0.0362%	1h	0.4414	−0.026%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4415	−0.002%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4414	−0.033%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.458%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4416	+0.015%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4417	+0.049%	$387K	$860K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4417	+0.038%	$673K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4417	+0.038%	$64.2M	$231.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4416	+0.015%	$70.0M	$125.5M	50x	as long as short
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4418	+0.060%	$17.1M	$75.8M	50x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4400	−0.349%	$72K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4414	−0.024%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4414	−0.030%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4417	+0.038%	$44.2M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4416	+0.015%	$13.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4417	+0.038%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4417	+0.038%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4422	+0.146%	$770K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4418	+0.064%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4419	+0.080%	$419K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4415	−0.007%	$136K	$367K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4418	+0.051%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4420	+0.106%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4420	+0.106%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4426	+0.242%	$130K	$512K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4414	−0.021%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4415	long leg	$398K	$823K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4419	+0.072%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0119%	1h	0.4417	+0.031%	$202K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4420	+0.106%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0296%	1h	0.4420	+0.108%	$39.0M	$25.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.151%	$284K	$746K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.208%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4417	+0.040%	$364	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4414	−0.031%	$487K	—	100x	as long as short
Phemex ONDOUSDT	+0.0637%	4h	0.4415	−0.007%	$4.2M	$7.4M	50x	as long as short
Lighter ONDO	+0.0808%	1h	0.4426	+0.233%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4418	+0.071%	$2K	—	20x	as long as short