Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: ApeX Omni against Gate−0.227%81s7-day average +0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.571% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.669%+$67 · spread now −0.227%, 7d avg +0.085%

Together, before fees+0.720%+$72 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: ApeX Omni is 0.312% cheaper against Gate than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.085%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4405	0.0100	pay 0.0050% / 4h	1h 42m	$11.6M	$16.1M	50x
Short	ApeX Omni ONDOUSDT	0.4395	0.0100	get 0.0013% / 1h	42m 02s	$135K	$354K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.227%Rate

Funding earned: $0
Price spread: −0.227% → +0.085%: −$31.22
Slippage, 4 orders: −$32.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$88.33
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; ApeX Omni: live order book, 20 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 Gate live order book, 2 min ago	1.14 bp	16.1 bp −$16	35.0 bp −$350	52.7 bp −$5,273	85.6 bp −$42.8K
Sell ApeX Omni live order book, 20 min ago	4.53 bp	11.0 bp −$11	26.5 bp −$265	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
dYdX ONDO-USD	0.0000%	1h	0.4406	+0.032%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4405	+0.005%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.700%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4406	+0.033%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4406	+0.023%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4409	+0.085%	$374K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4403	−0.045%	$63.9M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4400	−0.114%	$69.4M	$122.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4406	+0.023%	$17.0M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4395	−0.222%	$72K	$86K	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	0.4411	+0.130%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4405	long leg	$11.6M	$16.1M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4406	+0.023%	$47.2M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4407	+0.045%	$13.1M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4406	+0.023%	$25.1M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4405	0.000%	—	$21.9M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4381	−0.551%	$709K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4390	−0.350%	$5K	$321K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4382	−0.521%	$411K	$987K	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4395	−0.227%	$135K	$354K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4410	+0.118%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4410	+0.114%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4409	+0.091%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4419	+0.318%	$130K	$476K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4405	0.000%	$4.2M	$7.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4411	+0.140%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4407	+0.047%	$398K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4409	+0.093%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0121%	4h	0.4406	+0.024%	$712K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0127%	1h	0.4407	+0.045%	$38.3M	$24.4M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0202%	1h	0.4406	+0.025%	$190K	$980K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4399	−0.143%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4406	+0.023%	$3.2M	$3.0M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4405	0.000%	$283K	$703K	50x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4415	+0.225%	$363	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0431%	1h	0.4408	+0.068%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4405	−0.008%	$486K	—	100x	as long as short
Lighter ONDO	+0.0880%	1h	0.4416	+0.261%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4409	+0.096%	$2K	—	20x	as long as short