Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: KuCoin against gTrade (Gains Network)+0.003%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 KuCoin

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	0.4352	L +0.0003% / S −0.0011%	pay 0.0000% / 1h	22m 52s	$7K	—	150x
Short	KuCoin ONDOUSDTM	0.4352	0.0100	get 0.0050% / 4h	3h 22m	$12.6M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $20.28
Price spread: +0.003% → 0.000%: $0.32
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1.4
Costs to cover: 0.220%
Break-even: 7.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	1.14 bp	14.8 bp −$15	25.2 bp −$252	doesn't fit	doesn't fit

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	−0.0161%	1h	0.4351	−0.015%	$2.6M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0011%	1h	0.4352	long leg	$7K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.967%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4358	+0.139%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4353	+0.026%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4353	+0.026%	$359K	$841K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4351	−0.021%	$62.9M	$230.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4347	−0.112%	$67.6M	$124.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4349	−0.066%	$17.0M	$72.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4363	+0.263%	$72K	$83K	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	0.4352	+0.008%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4348	−0.089%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4351	−0.020%	$43.1M	$42.0M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4352	+0.003%	$12.6M	$10.5M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4352	+0.003%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4350	−0.043%	—	$759K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4354	+0.040%	$183K	$980K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4364	+0.272%	$713K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4369	+0.391%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4364	+0.269%	$406K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4368	+0.371%	$135K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4353	+0.022%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4354	+0.049%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4354	+0.049%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4360	+0.187%	$129K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4356	+0.095%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4353	+0.017%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4351	−0.030%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4355	+0.076%	$38K	$13K	3x	as long as short
dYdX ONDO-USD	+0.0116%	1h	0.4352	+0.014%	$246K	$129K	5x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4354	+0.047%	$358	$2K	10x	as long as short
Aster ONDOUSDT	+0.0166%	4h	0.4352	−0.008%	$785K	$2.6M	20x	as long as short
Hyperliquid ONDO	+0.0199%	1h	0.4355	+0.074%	$37.4M	$24.4M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0210%	1h	0.4354	+0.049%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4368	+0.371%	$248K	$725K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4368	+0.364%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4357	+0.118%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0555% / S −0.0193%	1h	0.4352	−0.007%	$484K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4353	+0.024%	$2K	—	20x	as long as short