Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: HTX against Gate+0.284%7-day average +0.180% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1011.009% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 3 days (all we have)−0.334%−$33 · spread now +0.284%, 7d avg +0.180%

Together, before fees−0.271%−$27 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: HTX is 0.104% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.180%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4581	0.0100	pay 0.0050% / 4h	0m 42s	$12.0M	$18.2M	50x
Short	HTX ONDO-USDT	0.4594	0.0100	get 0.0050% / 4h	0m 42s	$135K	$503K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.284%Rate

Funding earned: $0
Price spread: +0.284% → +0.180%: $10.42
Slippage, 4 orders: −$73.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$90.46
Costs to cover: 1.009%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; HTX: live order book, 13 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, 3 min ago	1.09 bp	17.8 bp −$18	29.1 bp −$291	44.2 bp −$4,415	75.2 bp −$37.6K
Sell HTX live order book, 13 min ago	8.75 bp	14.7 bp −$15	doesn't fit	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
Kraken Futures PF_ONDOUSD	−0.0796%	1h	0.4579	−0.037%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.284%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4582	+0.022%	$35K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4576	−0.102%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4579	−0.044%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4576	−0.109%	$439K	$705K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4586	+0.114%	$40.6M	$26.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4585	+0.087%	$726K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4582	+0.027%	$68.5M	$226.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4582	+0.022%	$74.2M	$120.6M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4582	+0.022%	$17.8M	$80.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4586	+0.114%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4576	−0.112%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4581	long leg	$12.0M	$18.2M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4582	+0.022%	$49.1M	$43.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4581	0.000%	$14.2M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4583	+0.044%	$25.9M	$40.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4582	+0.022%	—	$741K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4583	+0.048%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4574	−0.155%	$815K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4582	+0.018%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4572	−0.196%	$422K	$949K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4583	+0.044%	$175K	$311K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4579	−0.039%	$69K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4575	−0.131%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4581	0.000%	$476	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4594	+0.284%	$135K	$503K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4581	0.000%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4576	−0.106%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4581	−0.009%	$409K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4583	+0.044%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4577	−0.090%	$38K	$257K	10x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4578	−0.061%	$377	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4581	0.000%	$297K	$844K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4577	−0.087%	$3.3M	$3.3M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4576	−0.102%	$546K	—	100x	as long as short
Lighter ONDO	+0.0648%	1h	0.4590	+0.201%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4576	−0.113%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2387%	1h	0.4577	−0.096%	$259K	$132K	5x	as long as short