Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Gate−0.023%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.023%, 7d avg +0.047%

Together, before fees+0.075%+$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: KuCoin is 0.070% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4326	0.0100	pay 0.0050% / 4h	3h 58m	$13.1M	$14.9M	50x
Short	KuCoin ONDOUSDTM	0.4325	0.0100	get 0.0050% / 4h	3h 58m	$12.1M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.047%: −$6.97
Slippage, 4 orders: −$39.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$73.07
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 10 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, 5 min ago	2.32 bp	16.5 bp −$16	30.5 bp −$305	44.2 bp −$4,416	74.7 bp −$37.4K
Sell KuCoin live order book, 10 min ago	1.16 bp	16.5 bp −$17	37.2 bp −$372	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	−0.0177%	1h	0.4322	−0.100%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4320	−0.137%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.594%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4327	+0.014%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4323	−0.064%	$346K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4330	+0.091%	$763K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4328	+0.041%	$63.2M	$234.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4330	+0.092%	$68.3M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4333	+0.162%	$17.3M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4318	−0.196%	$71K	$80K	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	0.4320	−0.129%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4326	long leg	$13.1M	$14.9M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4326	0.000%	$44.2M	$41.7M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4325	−0.023%	$12.1M	$10.4M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4327	+0.023%	$24.7M	$36.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4328	+0.046%	—	$778K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4325	−0.016%	$176K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−0.048%	$679K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	−0.119%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4326	0.000%	$400K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4317	−0.208%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4321	−0.116%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4321	−0.116%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4324	−0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4322	−0.092%	$2K	$15K	10x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4323	−0.069%	$4.2M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4323	−0.062%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4327	+0.028%	$364K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4324	−0.058%	$37K	$13K	3x	as long as short
HTX ONDO-USDT	+0.0152%	4h	0.4332	+0.139%	$128K	$369K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4322	−0.092%	$18K	$351K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4325	−0.023%	$214K	$733K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4324	−0.039%	$35K	$217K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4322	−0.092%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4324	−0.046%	$356	$2K	10x	as long as short
Hyperliquid ONDO	+0.0569%	1h	0.4329	+0.079%	$36.6M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4320	−0.131%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4322	−0.090%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1725%	1h	0.4323	−0.066%	$243K	$155K	5x	as long as short