Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.054%

Price spread now: 01 Exchange against KuCoin−0.022%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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 0.022% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4467	0.0100	pay 0.0050% / 4h	2h 48m	$13.5M	$10.9M	50x
Short	01 Exchange ONDOUSD	0.4466	0.0320	get 0.0040% / 1h	48m 05s	$368	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.022%Rate

Funding earned: $46.2
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $24.96
Costs to cover: 0.190%
Break-even: 3.2 days

Slippage unknown: KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	2.24 bp	21.3 bp −$21	41.4 bp −$414	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
Kraken Futures PF_ONDOUSD	−0.0358%	1h	0.4462	−0.105%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4470	+0.075%	$253K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4460	−0.159%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.261%	$888	$216K	5.5x	as long as short
ApeX Omni ONDOUSDT	+0.0082%	1h	0.4469	+0.045%	$165K	$356K	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4461	−0.134%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4464	−0.078%	$407K	$780K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4466	−0.023%	$692K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4465	−0.035%	$65.8M	$227.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4465	−0.045%	$71.9M	$122.5M	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	0.4468	+0.022%	$17.2M	$76.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4464	−0.063%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4462	−0.111%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4463	−0.090%	$11.7M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4465	−0.045%	$45.6M	$41.8M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4467	long leg	$13.5M	$10.9M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4466	−0.022%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4466	−0.022%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4465	−0.038%	$202K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4468	+0.018%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4457	−0.228%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4467	0.000%	$420K	$965K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4466	−0.018%	$77K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4461	−0.134%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4463	−0.090%	$464	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4471	+0.090%	$131K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4466	−0.022%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4463	−0.087%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4466	−0.034%	$39K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0198%	1h	0.4462	−0.112%	$33K	$339K	25x	as long as short
Hyperliquid ONDO	+0.0231%	1h	0.4470	+0.076%	$39.5M	$25.4M	10x	as long as short
01 Exchange ONDOUSDshort	+0.0320%	1h	0.4466	−0.022%	$368	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4460	−0.157%	$290K	$798K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4476	+0.190%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.090%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0581% / S −0.0186%	1h	0.4458	−0.191%	$533K	—	100x	as long as short
Lighter ONDO	+0.0608%	1h	0.4470	+0.067%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0633%	4h	0.4467	0.000%	$4.3M	$7.2M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4461	−0.134%	$2K	—	20x	as long as short