Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against HTX−0.495%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.495% cheaper against HTX than usual: you would sell low and buy high, −$50 on $10k if it 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	HTX ONDO-USDT	0.4319	0.0100	pay 0.0050% / 4h	2h 23m	$128K	$429K	50x
Short	Ondo Perps ONDO-USD.P	0.4298	0.0100	get 0.0013% / 1h	23m 46s	$70K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.495%Rate

Funding earned: $0
Price spread: −0.495% → 0.000%: −$49.55
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$66.55
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 25 min ago; Ondo Perps: 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 HTX live order book, 25 min ago	10.35 bp	50.7 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0242%	1h	0.4308	−0.244%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4305	−0.328%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0014%	1h	0.4297	−0.504%	$241K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.765%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0088%	1h	0.4305	−0.315%	$354	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4313	−0.150%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4306	−0.301%	$348K	$881K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4308	−0.245%	$35.9M	$26.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4308	−0.255%	$770K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4309	−0.232%	$62.1M	$236.5M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4307	−0.278%	$67.2M	$126.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4307	−0.278%	$17.1M	$73.1M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4298	−0.495%	$70K	$82K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4301	−0.416%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4305	−0.324%	$12.1M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4306	−0.301%	$42.6M	$42.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4308	−0.255%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4307	−0.278%	$24.7M	$40.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4307	−0.278%	—	$766K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4309	−0.238%	$176K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4294	−0.584%	$648K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4298	−0.475%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4305	−0.321%	$404K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4301	−0.417%	$133K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4306	−0.299%	$67K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4308	−0.255%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4311	−0.185%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4311	−0.185%	$448	$13K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4319	long leg	$128K	$429K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4311	−0.185%	$4.1M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4304	−0.358%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4305	−0.323%	$387K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4311	−0.194%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4308	−0.255%	$216K	$757K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4309	−0.236%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4301	−0.417%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4305	−0.330%	$484K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0679%	1h	0.4311	−0.185%	$18K	$362K	25x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4306	−0.296%	$2K	—	20x	as long as short