Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.026%

Price spread now: Gate against gTrade (Gains Network)0.000%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ONDO/USD	0.4629	L +0.0003% / S −0.0008%	pay 0.0000% / 1h	14m 26s	$6K	—	150x
Short	Gate ONDO_USDT	0.4629	0.0100	get 0.0050% / 4h	3h 14m	$12.2M	$16.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $20.28
Price spread: 0.000% → 0.000%: $0.04
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.68
Costs to cover: 0.250%
Break-even: 8.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 4 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	1.09 bp	12.7 bp −$13	21.4 bp −$214	39.4 bp −$3,943	70.4 bp −$35.2K

gTrade (Gains Network): 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	−0.0866%	1h	0.4612	−0.375%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4612	−0.362%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0008%	1h	0.4629	long leg	$6K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−1.317%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4630	+0.022%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4627	−0.032%	$434K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4626	−0.064%	$738K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4632	+0.065%	$69.5M	$220.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4631	+0.044%	$74.6M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4631	+0.044%	$17.7M	$78.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4593	−0.769%	$73K	$91K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4621	−0.171%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4629	0.000%	$12.2M	$16.8M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4630	+0.022%	$50.0M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4631	+0.044%	$14.4M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4630	+0.022%	$26.2M	$38.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4631	+0.044%	—	$22.1M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4608	−0.458%	$818K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4603	−0.551%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4605	−0.524%	$425K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4604	−0.540%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4629	+0.011%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4615	−0.302%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4611	−0.388%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4618	−0.237%	$136K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4610	−0.410%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4621	−0.177%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4622	−0.140%	$419K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4615	−0.302%	$40K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0112%	1h	0.4614	−0.332%	$232K	$999K	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4588	−0.881%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4628	−0.030%	$381	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4623	−0.129%	$300K	$820K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4613	−0.345%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0362%	1h	0.4633	+0.080%	$41.2M	$25.1M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0401%	1h	0.4613	−0.345%	$34K	$344K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0593% / S −0.0188%	1h	0.4629	−0.001%	$552K	—	100x	as long as short
Lighter ONDO	+0.0656%	1h	0.4627	−0.049%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4629	+0.006%	$2K	—	20x	as long as short