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: SunX against Gate+0.109%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1681.684% of the position

Long on Gate Short on SunX

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)−0.134%−$13 · spread now +0.109%, 7d avg +0.026%

Together, before fees−0.071%−$7 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: SunX is 0.083% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4585	0.0100	pay 0.0050% / 4h	57m 59s	$12.1M	$17.9M	50x
Short	SunX ONDO-USDT	0.4590	0.0100	get 0.0050% / 4h	57m 59s	—	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.026%: $8.32
Slippage, 4 orders: −$145.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$160.12
Costs to cover: 1.684%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; SunX: live order book, 6 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, 1 min ago	1.09 bp	14.6 bp −$15	34.9 bp −$349	47.9 bp −$4,789	77.4 bp −$38.7K
Sell SunX live order book, 6 min ago	46.88 bp	66.8 bp −$67	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	−0.0795%	1h	0.4586	+0.018%	$2.8M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.371%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4587	+0.048%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4588	+0.065%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4591	+0.125%	$432K	$708K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4590	+0.117%	$726K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4589	+0.094%	$68.4M	$227.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4587	+0.044%	$74.4M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4587	+0.044%	$17.9M	$81.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4585	+0.004%	$75K	$89K	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	0.4587	+0.040%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4585	long leg	$12.1M	$17.9M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4589	+0.087%	$49.6M	$43.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4588	+0.065%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4588	+0.065%	$26.0M	$41.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4587	+0.044%	—	$22.2M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4576	−0.199%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4587	+0.037%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4588	+0.065%	$423K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4589	+0.087%	$164K	$307K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4593	+0.170%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDTshort	+0.0100%	4h	0.4590	+0.109%	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4588	+0.065%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4596	+0.240%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4588	+0.065%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4588	+0.055%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4587	+0.045%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4572	−0.285%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4591	+0.133%	$38K	$217K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0186%	1h	0.4589	+0.087%	$36K	$436K	25x	as long as short
Hyperliquid ONDO	+0.0205%	1h	0.4592	+0.153%	$40.7M	$26.9M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0283%	1h	0.4589	+0.094%	$231K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4588	+0.065%	$301K	$861K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4590	+0.109%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0440%	1h	0.4594	+0.192%	$378	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4587	+0.037%	$548K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4598	+0.281%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4591	+0.126%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6583%	1h	0.4580	−0.101%	$259K	$129K	5x	as long as short