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: OKX against KuCoin−0.137%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days+0.113%+$11 · spread now −0.137%, 7d avg −0.039%

Together, before fees+0.067%+$7 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: OKX is 0.097% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4388	0.0100	pay 0.0050% / 4h	1h 57m	$13.0M	$10.8M	50x
Short	OKX ONDO-USDT-SWAP	0.4382	0.0100	get 0.0050% / 4h	1h 57m	$17.0M	$71.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.039%: −$9.74
Slippage, 4 orders: −$28.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.88
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; OKX: live order book, 1 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 KuCoin live order book, 6 min ago	1.13 bp	15.4 bp −$15	39.5 bp −$395	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.13 bp	9.8 bp −$10	19.7 bp −$197	152.7 bp −$15.3K	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
dYdX ONDO-USD	0.0000%	1h	0.4386	−0.043%	$248K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4399	+0.251%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.102%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4399	+0.250%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4400	+0.273%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4401	+0.308%	$378K	$833K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4390	+0.055%	$38.5M	$24.2M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4389	+0.017%	$661K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4387	−0.027%	$63.7M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4383	−0.114%	$69.4M	$122.0M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4382	−0.137%	$17.0M	$71.9M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4420	+0.725%	$72K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4402	+0.314%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4387	−0.023%	$11.6M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4383	−0.114%	$46.3M	$40.9M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4388	long leg	$13.0M	$10.8M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4383	−0.114%	$24.9M	$39.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4388	0.000%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	+0.632%	$766K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4415	+0.616%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4408	+0.453%	$407K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4416	+0.638%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4405	+0.387%	$80K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4402	+0.319%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4401	+0.296%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4411	+0.524%	$130K	$486K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4382	−0.128%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4388	0.000%	$396K	$788K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4404	+0.353%	$38K	$13K	3x	as long as short
Phemex ONDOUSDT	+0.0151%	4h	0.4398	+0.228%	$4.2M	$7.5M	50x	as long as short
Backpack ONDO_USDC_PERP	+0.0240%	1h	0.4397	+0.214%	$196K	$987K	15x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4418	+0.693%	$35K	$214K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.775%	$284K	$706K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4406	+0.415%	$363	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4402	+0.319%	$23K	$349K	25x	as long as short
Lighter ONDO	+0.0480%	1h	0.4396	+0.185%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4398	+0.236%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4401	+0.296%	$2K	—	20x	as long as short