Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against KuCoin−0.011%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on gTrade (Gains Network)

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4322	0.0100	pay 0.0050% / 4h	1h 53m	$13.1M	$9.5M	50x
Short	gTrade (Gains Network) ONDO/USD	0.4322	L +0.0003% / S −0.0011%	get 0.0001% / 1h	53m 06s	$7K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.011%Rate

Funding earned: −$18.76
Price spread: −0.011% → 0.000%: −$1.09
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.84
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; gTrade (Gains Network): 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 KuCoin live order book, 4 min ago	1.16 bp	22.8 bp −$23	59.5 bp −$595	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 exchanges

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	−0.0325%	1h	0.4321	−0.022%	$2.5M	$7.1M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4323	+0.023%	$21K	$365K	25x	as long as short
gTrade (Gains Network) ONDO/USDshort	L +0.0003% / S −0.0011%	1h	0.4322	−0.011%	$7K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.692%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4327	+0.123%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4321	−0.023%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4322	−0.006%	$337K	$820K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4325	+0.061%	$770K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4322	+0.008%	$63.0M	$222.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4319	−0.069%	$67.6M	$116.6M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4320	−0.046%	$17.3M	$67.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4319	−0.072%	$69K	$76K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4322	−0.001%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4320	−0.046%	$13.8M	$13.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4322	0.000%	$46.3M	$39.9M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4322	long leg	$13.1M	$9.5M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4322	0.000%	$25.2M	$33.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4321	−0.023%	—	$23.0M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4321	−0.012%	$179K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4321	−0.014%	$799K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4331	+0.218%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4326	+0.092%	$404K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4326	+0.093%	$133K	$318K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4325	+0.065%	$60K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4322	0.000%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4322	0.000%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4336	+0.324%	$106K	$478K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4323	+0.023%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4322	−0.010%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4320	−0.056%	$353K	$779K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4323	+0.034%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4323	+0.021%	$356	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0184% / S +0.0251%	1h	0.4321	−0.016%	$364K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4332	+0.227%	$35K	$208K	10x	as long as short
Hyperliquid ONDO	+0.0223%	1h	0.4325	+0.072%	$36.4M	$26.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4353	+0.717%	$214K	$617K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4325	+0.069%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1166%	1h	0.4323	+0.021%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3928%	1h	0.4322	+0.009%	$247K	$159K	5x	as long as short