Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.062%

Price spread now: 01 Exchange against Gate+0.116%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 01 Exchange

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

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and 01 Exchange is 0.116% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread 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	0.4501	0.0100	pay 0.0050% / 4h	2h 46m	$11.8M	$18.6M	50x
Short	01 Exchange ONDOUSD	0.4506	0.0488	get 0.0061% / 1h	46m 16s	$371	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.116%Rate

Funding earned: $81.48
Price spread: +0.116% → 0.000%: $11.55
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $71.03
Costs to cover: 0.220%
Break-even: 0.9 days

Slippage unknown: Gate: live order book, 2 min ago; 01 Exchange: 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	1.11 bp	17.9 bp −$18	35.6 bp −$356	43.3 bp −$4,332	73.2 bp −$36.6K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.1129%	1h	0.4505	+0.081%	$3.0M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4502	+0.013%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4508	+0.164%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−1.888%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4502	+0.022%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4501	0.000%	$429K	$671K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4505	+0.093%	$40.6M	$27.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4504	+0.061%	$755K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4503	+0.034%	$66.3M	$219.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4500	−0.022%	$72.4M	$117.0M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4500	−0.022%	$17.6M	$79.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4509	+0.173%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4500	−0.013%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4501	long leg	$11.8M	$18.6M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4502	+0.022%	$47.4M	$45.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4500	−0.022%	$13.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4502	+0.022%	$25.4M	$41.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4502	+0.022%	—	$23.0M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4503	+0.044%	$194K	$970K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4504	+0.056%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4503	+0.048%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4501	−0.009%	$417K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4506	+0.111%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4502	+0.033%	$79K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4503	+0.044%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4502	+0.022%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4512	+0.244%	$125K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4501	0.000%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4498	−0.056%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4500	−0.020%	$402K	$986K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4503	+0.056%	$35K	—	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0194%	1h	0.4504	+0.067%	$29K	$354K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4520	+0.422%	$304K	$839K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4507	+0.133%	$3.2M	$3.0M	75x	as long as short
Lighter ONDO	+0.0416%	1h	0.4509	+0.187%	$1.4M	$2.2M	10x	as long as short
01 Exchange ONDOUSDshort	+0.0488%	1h	0.4506	+0.116%	$371	$2K	10x
GMX ONDO/USD [ETH-USDC]	L +0.0615% / S −0.0203%	1h	0.4502	+0.012%	$559K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4501	+0.007%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.0349%	1h	0.4498	−0.060%	$255K	$117K	5x	as long as short