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: KuCoin against HTX−0.238%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1031.033% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.304%+$30 · spread now −0.238%, 7d avg −0.128%

Together, before fees+0.298%+$30 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: KuCoin is 0.111% cheaper against HTX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4613	0.0100	pay 0.0050% / 4h	3h 10m	$135K	$492K	50x
Short	KuCoin ONDOUSDTM	0.4602	0.0100	get 0.0050% / 4h	3h 10m	$14.3M	$10.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.238%Rate

Funding earned: $0
Price spread: −0.238% → −0.128%: −$11.06
Slippage, 4 orders: −$79.26
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$114.33
Costs to cover: 1.033%
Break-even: never at this rate

Slippage from HTX: live order book, 63 min ago; KuCoin: live order book, 4 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, 63 min ago	8.75 bp	49.6 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.17 bp	17.8 bp −$18	36.4 bp −$364	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	−0.0868%	1h	0.4601	−0.258%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4607	−0.134%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4603	−0.217%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.976%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4603	−0.217%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4609	−0.081%	$432K	$706K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4602	−0.238%	$68.9M	$220.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4601	−0.260%	$74.1M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4603	−0.217%	$17.6M	$77.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4625	+0.264%	$73K	$92K	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	0.4607	−0.138%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4601	−0.260%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4601	−0.260%	$49.7M	$42.0M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4602	−0.238%	$14.3M	$10.7M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4604	−0.195%	$26.2M	$38.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4603	−0.217%	—	$744K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4599	−0.309%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4615	+0.051%	$5K	$321K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4614	+0.014%	$426K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4616	+0.065%	$172K	$336K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4610	−0.074%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4609	−0.087%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4602	−0.238%	$478	$14K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4613	long leg	$135K	$492K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4603	−0.217%	$4.5M	$7.1M	50x	as long as short
Aster ONDOUSDT	+0.0101%	4h	0.4610	−0.067%	$727K	$2.1M	20x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4608	−0.101%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4601	−0.256%	$417K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4606	−0.157%	$40K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0118%	1h	0.4603	−0.206%	$232K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4604	−0.195%	$34K	$342K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4613	0.000%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4612	−0.013%	$380	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4605	−0.173%	$300K	$818K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4603	−0.217%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0367%	1h	0.4607	−0.128%	$41.0M	$25.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4603	−0.213%	$550K	—	100x	as long as short
Lighter ONDO	+0.0664%	1h	0.4611	−0.052%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4607	−0.135%	$2K	—	20x	as long as short