Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin0.000%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1601.601% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now 0.000%, 7d avg −0.020%

Together, before fees−0.150%−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4368	0.0100	pay 0.0050% / 4h	2h 58m	$13.0M	$10.2M	50x
Short	SunX ONDO-USDT	0.4368	0.0100	get 0.0050% / 4h	2h 58m	—	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.020%: $1.99
Slippage, 4 orders: −$140.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$158.13
Costs to cover: 1.601%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; SunX: live order book, 6 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, 10 min ago	1.14 bp	20.8 bp −$21	48.4 bp −$484	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	46.71 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit

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
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4370	+0.046%	$24K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4379	+0.247%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0019%	1h	0.4369	+0.032%	$2.5M	$7.4M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.579%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4371	+0.078%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4376	+0.195%	$343K	$873K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4372	+0.085%	$36.7M	$27.9M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4370	+0.046%	$762K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4367	−0.033%	$63.7M	$228.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4364	−0.092%	$68.6M	$120.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4368	0.000%	$17.4M	$70.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4381	+0.295%	$72K	$77K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4368	−0.007%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4366	−0.046%	$13.6M	$14.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4367	−0.023%	$44.2M	$40.9M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4368	long leg	$13.0M	$10.2M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4368	0.000%	$25.4M	$35.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4367	−0.023%	—	$22.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4373	+0.112%	$185K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4372	+0.085%	$776K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4377	+0.211%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4378	+0.229%	$403K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4380	+0.275%	$136K	$327K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4376	+0.190%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4369	+0.023%	$24K	$6K	10x	as long as short
SunX ONDO-USDTshort	+0.0100%	4h	0.4368	0.000%	—	$1.3M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4371	+0.069%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4379	+0.252%	$132K	$363K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4371	+0.069%	$4.3M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4367	−0.030%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4367	−0.028%	$365K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4371	+0.069%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0112%	1h	0.4369	+0.025%	$360	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4383	+0.343%	$216K	$709K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4381	+0.288%	$35K	$214K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4378	+0.229%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0584% / S −0.0208%	1h	0.4376	+0.187%	$506K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1163%	1h	0.4371	+0.060%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4349%	1h	0.4370	+0.037%	$250K	$160K	5x	as long as short