Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Ondo Perps against Gate−0.459%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.459% cheaper against Gate than usual: you would sell low and buy high, −$46 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4534	0.0100	pay 0.0050% / 4h	2h 37m	$11.8M	$18.7M	50x
Short	Ondo Perps ONDO-USD.P	0.4513	0.0100	get 0.0013% / 1h	37m 19s	$72K	$85K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.459%Rate

Funding earned: $0
Price spread: −0.459% → 0.000%: −$45.88
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$65.88
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; Ondo Perps: no order-book sample. 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 Gate live order book, 1 min ago	1.11 bp	17.3 bp −$17	33.7 bp −$337	47.3 bp −$4,732	77.4 bp −$38.7K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.1121%	1h	0.4536	+0.048%	$3.0M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4535	+0.012%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4521	−0.291%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	−0.265%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4536	+0.044%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4534	+0.006%	$426K	$677K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4536	+0.033%	$760K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4536	+0.054%	$66.7M	$219.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4535	+0.022%	$73.6M	$117.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4534	0.000%	$17.8M	$80.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4513	−0.459%	$72K	$85K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4533	−0.025%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4534	long leg	$11.8M	$18.7M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4536	+0.044%	$47.8M	$45.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4535	+0.022%	$14.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4535	+0.022%	$25.6M	$41.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4535	+0.022%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4533	−0.013%	$196K	$970K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4520	−0.319%	$797K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4518	−0.353%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4523	−0.244%	$417K	$936K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4521	−0.287%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4537	+0.057%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4536	+0.044%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4535	+0.022%	$471	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4544	+0.221%	$126K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4534	0.000%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4532	−0.049%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4535	+0.017%	$404K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4537	+0.073%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0142%	1h	0.4540	+0.139%	$40.9M	$27.5M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0191%	1h	0.4538	+0.088%	$29K	$354K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4534	0.000%	$305K	$841K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4515	−0.419%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0432%	1h	0.4539	+0.117%	$374	$2K	10x	as long as short
Lighter ONDO	+0.0496%	1h	0.4538	+0.090%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0619% / S −0.0203%	1h	0.4535	+0.012%	$564K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4536	+0.041%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.0076%	1h	0.4530	−0.091%	$256K	$123K	5x	as long as short