Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against HTX−0.182%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$980.985% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.182%, 7d avg −0.107%

Together, before fees+0.274%+$27 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: ApeX Omni is 0.074% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4404	0.0100	pay 0.0050% / 4h	3h 59m	$130K	$434K	50x
Short	ApeX Omni ONDOUSDT	0.4396	0.0100	get 0.0013% / 1h	59m 32s	$136K	$354K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now −0.182%Rate

Funding earned: $0
Price spread: −0.182% → −0.107%: −$7.45
Slippage, 4 orders: −$76.49
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$105.93
Costs to cover: 0.985%
Break-even: never at this rate

Slippage from HTX: live order book, 59 min ago; ApeX Omni: live order book, 58 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 HTX live order book, 59 min ago	12.55 bp	62.6 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 58 min ago	2.28 bp	9.7 bp −$10	23.3 bp −$233	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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4394	−0.231%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4401	−0.072%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.724%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4404	−0.007%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4401	−0.068%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4400	−0.079%	$363K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4398	−0.136%	$63.6M	$230.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4396	−0.182%	$68.1M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4396	−0.182%	$17.2M	$73.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4393	−0.248%	$73K	$84K	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	0.4398	−0.141%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4399	−0.114%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4397	−0.159%	$44.6M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4397	−0.159%	$12.8M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4398	−0.136%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4399	−0.114%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4402	−0.041%	$187K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4399	−0.120%	$719K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4399	−0.114%	$4K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4393	−0.249%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4396	−0.182%	$136K	$354K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4397	−0.163%	$69K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4403	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4403	−0.023%	$458	$13K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4404	long leg	$130K	$434K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4400	−0.091%	$4.3M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4400	−0.087%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4399	−0.118%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4405	+0.011%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0143%	1h	0.4400	−0.082%	$37.9M	$24.7M	10x	as long as short
dYdX ONDO-USD	+0.0197%	1h	0.4399	−0.103%	$249K	$129K	5x	as long as short
Aster ONDOUSDT	+0.0231%	4h	0.4403	−0.023%	$763K	$2.5M	20x	as long as short
01 Exchange ONDOUSD	+0.0248%	1h	0.4400	−0.091%	$362	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4402	−0.045%	$272K	$731K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4404	0.000%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4396	−0.170%	$35K	$218K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4404	0.000%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0608% / S −0.0219%	1h	0.4401	−0.074%	$523K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4396	−0.182%	$2K	—	20x	as long as short