Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against HTX−0.539%77s7-day average −0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.993% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.584%+$58 · spread now −0.539%, 7d avg −0.140%

Together, before fees+0.517%+ Points / potential airdropedgeX: Active · farm board+$52 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: edgeX is 0.398% cheaper against HTX than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of −0.140%. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4399	0.0100	pay 0.0050% / 4h	2m 15s	$130K	$434K	50x
Short	edgeX ONDOUSDC	0.4375	0.0100	get 0.0050% / 4h	2m 15s	$4K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.539%Rate

Funding earned: $0
Price spread: −0.539% → −0.140%: −$39.85
Slippage, 4 orders: −$78.32
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$139.17
Costs to cover: 0.993%
Break-even: never at this rate

Slippage from HTX: live order book, 56 min ago; edgeX: live order book, 56 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, 56 min ago	12.55 bp	62.6 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 56 min ago	4.59 bp	9.1 bp −$9	15.3 bp −$153	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	0.4392	−0.163%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4393	−0.134%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.842%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4399	−0.007%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4393	−0.136%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4392	−0.165%	$363K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4396	−0.067%	$63.5M	$230.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4394	−0.114%	$68.0M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4394	−0.114%	$17.1M	$73.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4386	−0.289%	$72K	$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	0.4392	−0.164%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4393	−0.136%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4395	−0.091%	$44.9M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4393	−0.136%	$12.7M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4395	−0.091%	$25.2M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4393	−0.136%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4396	−0.075%	$187K	$982K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4374	−0.574%	$710K	$1.7M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4375	−0.539%	$4K	$317K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4381	−0.409%	$408K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4375	−0.546%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4394	−0.114%	$79K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4393	−0.136%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4396	−0.068%	$457	$13K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4399	long leg	$130K	$434K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4394	−0.114%	$4.3M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4393	−0.138%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4394	−0.107%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4397	−0.037%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0144%	1h	0.4397	−0.050%	$37.8M	$24.7M	10x	as long as short
dYdX ONDO-USD	+0.0207%	1h	0.4390	−0.194%	$248K	$129K	5x	as long as short
01 Exchange ONDOUSD	+0.0216%	1h	0.4394	−0.125%	$362	$2K	10x	as long as short
Aster ONDOUSDT	+0.0226%	4h	0.4396	−0.068%	$761K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4393	−0.136%	$271K	$729K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4394	−0.114%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4379	−0.455%	$35K	$223K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4392	−0.152%	$522K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0661%	1h	0.4397	−0.045%	$18K	$367K	25x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4394	−0.108%	$2K	—	20x	as long as short