Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.054%

Price spread now: 01 Exchange against HTX−0.215%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.215% cheaper against HTX than usual: you would sell low and buy high (spread −0.215% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 4.8 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4375	0.0100	pay 0.0050% / 4h	50m 30s	$127K	$477K	50x
Short	01 Exchange ONDOUSD	0.4366	0.0248	get 0.0031% / 1h	50m 30s	$359	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.215%Rate

Funding earned: $31.08
Price spread: −0.215% → 0.000%: −$21.49
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$9.41
Costs to cover: 0.190%
Break-even: 9.1 days

Slippage unknown: HTX: live order book, 8 min ago; 01 Exchange: 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, 8 min ago	12.55 bp	62.6 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4365	−0.226%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0015%	1h	0.4365	−0.223%	$247K	$129K	5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4365	−0.238%	$2.6M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.411%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4364	−0.251%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4367	−0.183%	$370K	$842K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4369	−0.133%	$37.6M	$24.4M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4368	−0.160%	$63.0M	$228.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4366	−0.206%	$69.2M	$123.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4367	−0.183%	$16.9M	$71.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4386	+0.261%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4364	−0.245%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4364	−0.251%	$11.5M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4367	−0.183%	$47.1M	$41.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4366	−0.206%	$12.8M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4365	−0.229%	$25.0M	$39.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4367	−0.183%	—	$21.8M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4369	−0.142%	$188K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	−0.235%	$707K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4390	+0.336%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4389	+0.321%	$405K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4387	+0.274%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4368	−0.169%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4367	−0.183%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4367	−0.183%	$454	$13K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4375	long leg	$127K	$477K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4367	−0.183%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4369	−0.145%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4364	−0.249%	$395K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4368	−0.160%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0208%	1h	0.4367	−0.183%	$23K	$346K	25x	as long as short
Aster ONDOUSDT	+0.0208%	4h	0.4367	−0.185%	$732K	$2.4M	20x	as long as short
01 Exchange ONDOUSDshort	+0.0248%	1h	0.4366	−0.215%	$359	$2K	10x
Lighter ONDO	+0.0328%	1h	0.4369	−0.139%	$1.1M	$2.4M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.434%	$276K	$719K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4365	−0.229%	$3.1M	$2.9M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4378	+0.075%	$35K	$223K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0615% / S −0.0225%	1h	0.4365	−0.228%	$526K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4367	−0.183%	$2K	—	20x	as long as short