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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.158%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$222as in the Price arb table

costs, in and out, $10k−$2222.215% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.158%, 7d avg −0.153%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4419	0.0100	pay 0.0050% / 4h	2h 27m	$129K	$512K	50x
Short	SunX ONDO-USDT	0.4412	0.0100	get 0.0050% / 4h	2h 27m	—	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → −0.153%: −$0.58
Slippage, 4 orders: −$201.52
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$222.1
Costs to cover: 2.215%
Break-even: never at this rate

Slippage from HTX: live order book, 40 min ago; SunX: live order book, 7 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, 40 min ago	35.74 bp	45.9 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	46.38 bp	66.5 bp −$66	doesn't fit	doesn't fit	doesn't fit

ONDO on 38 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	−0.0362%	1h	0.4409	−0.226%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4408	−0.242%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4409	−0.227%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.372%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4410	−0.204%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4412	−0.153%	$387K	$856K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4411	−0.181%	$670K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4412	−0.147%	$64.2M	$231.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4412	−0.158%	$69.9M	$125.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4411	−0.181%	$17.1M	$75.7M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4408	−0.256%	$71K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4410	−0.211%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4409	−0.226%	$11.6M	$16.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4411	−0.181%	$44.1M	$42.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4412	−0.158%	$13.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4412	−0.158%	$25.0M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4412	−0.158%	—	$761K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4412	−0.156%	$202K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4409	−0.230%	$767K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4408	−0.239%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4398	−0.473%	$417K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4409	−0.226%	$136K	$367K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4412	−0.167%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDTshort	+0.0100%	4h	0.4412	−0.158%	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4411	−0.181%	$458	$13K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4419	long leg	$129K	$512K	50x
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4409	−0.234%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4411	−0.178%	$398K	$821K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4413	−0.143%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0204%	1h	0.4411	−0.181%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0291%	1h	0.4416	−0.072%	$39.1M	$25.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.068%	$284K	$756K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4409	−0.226%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4410	−0.204%	$363	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4409	−0.235%	$486K	—	100x	as long as short
Phemex ONDOUSDT	+0.0778%	4h	0.4414	−0.113%	$4.2M	$7.4M	50x	as long as short
Lighter ONDO	+0.0816%	1h	0.4418	−0.029%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4410	−0.198%	$2K	—	20x	as long as short