Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: SoDEX against Gate0.000%7-day average — · you sell dearer than you buy

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

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4561	0.0100	pay 0.0050% / 4h	1h 36m	$11.9M	$18.2M	50x
Short	SoDEX ONDO-USD	0.4561	0.0100	get 0.0013% / 1h	36m 17s	$474	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$23
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; SoDEX: 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, 2 min ago	1.09 bp	16.6 bp −$17	33.9 bp −$339	44.6 bp −$4,464	73.3 bp −$36.7K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0353%	1h	0.4558	−0.069%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4563	+0.051%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4562	+0.022%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4566	+0.110%	$431K	$697K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4563	+0.044%	$740K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4560	−0.022%	$67.1M	$225.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4559	−0.044%	$74.3M	$120.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4558	−0.066%	$17.8M	$81.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4573	+0.259%	$74K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4565	+0.086%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDTlong	+0.0100%	4h	0.4561	long leg	$11.9M	$18.2M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4562	+0.022%	$47.9M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4562	+0.022%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4562	+0.022%	$25.8M	$41.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4562	+0.022%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4572	+0.235%	$209K	$991K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	−0.329%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4609	+1.045%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4598	+0.812%	$431K	$938K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4565	+0.077%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4561	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDshort	+0.0100%	1h	0.4561	0.000%	$474	$14K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4572	+0.241%	$133K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4559	−0.044%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4564	+0.065%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4564	+0.055%	$405K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4566	+0.110%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4553	−0.169%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4601	+0.877%	$894	$181K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4564	+0.066%	$26K	$396K	25x	as long as short
ApeX Omni ONDOUSDT	+0.0244%	1h	0.4620	+1.294%	$163K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4574	+0.285%	$301K	$867K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4568	+0.153%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4568	+0.151%	$376	$2K	10x	as long as short
Hyperliquid ONDO	+0.0497%	1h	0.4569	+0.175%	$40.9M	$27.5M	10x	as long as short
Lighter ONDO	+0.0592%	1h	0.4568	+0.164%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0594% / S −0.0191%	1h	0.4562	+0.012%	$549K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4564	+0.069%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1399%	1h	0.4566	+0.117%	$258K	$130K	5x	as long as short