Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: OKX against Gate−0.068%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.068%, 7d avg +0.007%

Together, before fees+0.052%+$5 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: OKX is 0.075% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4395	0.0100	pay 0.0050% / 4h	1h 41m	$11.6M	$16.1M	50x
Short	OKX ONDO-USDT-SWAP	0.4392	0.0100	get 0.0050% / 4h	1h 41m	$17.0M	$71.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → +0.007%: −$7.51
Slippage, 4 orders: −$28.85
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$61.36
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; OKX: live order book, 2 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 OKX live order book, 2 min ago	1.13 bp	12.5 bp −$12	25.2 bp −$252	260.5 bp −$26.0K	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	+0.260%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4405	+0.232%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.936%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4406	+0.261%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4406	+0.250%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4409	+0.313%	$374K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4395	+0.007%	$63.8M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4393	−0.046%	$69.3M	$122.6M	50x	as long as short
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4392	−0.068%	$17.0M	$71.8M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4395	+0.005%	$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	+0.358%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4395	long leg	$11.6M	$16.1M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4395	0.000%	$47.0M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4403	+0.182%	$13.1M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4397	+0.046%	$25.0M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4394	−0.023%	—	$21.9M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4381	−0.325%	$709K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4390	−0.123%	$5K	$321K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4382	−0.295%	$411K	$987K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4395	0.000%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4410	+0.346%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4410	+0.341%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4409	+0.319%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4419	+0.546%	$130K	$476K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4405	+0.228%	$4.2M	$7.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4411	+0.367%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4396	+0.014%	$398K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4409	+0.320%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0121%	4h	0.4405	+0.223%	$712K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0127%	1h	0.4407	+0.273%	$38.3M	$24.4M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0202%	1h	0.4406	+0.253%	$190K	$980K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4399	+0.084%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4406	+0.250%	$3.2M	$3.0M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4405	+0.228%	$283K	$703K	50x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4415	+0.453%	$363	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0431%	1h	0.4408	+0.296%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4405	+0.220%	$486K	—	100x	as long as short
Lighter ONDO	+0.0880%	1h	0.4416	+0.489%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4409	+0.323%	$2K	—	20x	as long as short