Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: HTX against MEXC+0.067%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.067%, 7d avg +0.146%

Together, before fees−0.012%−$1 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: HTX is 0.079% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4504	0.0100	pay 0.0050% / 4h	2h 04m	$47.2M	$45.7M	200x
Short	HTX ONDO-USDT	0.4507	0.0100	get 0.0050% / 4h	2h 04m	$129K	$519K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.146%: −$7.93
Slippage, 4 orders: −$29.22
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$49.15
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; HTX: live order book, 19 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 MEXC live order book, 4 min ago	1.11 bp	1.8 bp −$2	6.5 bp −$65	21.7 bp −$2,173	117.9 bp −$59.0K
Sell HTX live order book, 19 min ago	11.04 bp	19.2 bp −$19	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
Kraken Futures PF_ONDOUSD	−0.1131%	1h	0.4495	−0.192%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4497	−0.155%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4496	−0.167%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	−0.078%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	+0.400%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4497	−0.155%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4497	−0.161%	$422K	$681K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4503	−0.019%	$757K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4504	−0.007%	$66.3M	$220.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4503	−0.022%	$72.9M	$118.1M	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	0.4503	−0.022%	$17.6M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4520	+0.353%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4504	+0.001%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4501	−0.067%	$11.7M	$18.8M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4504	long leg	$47.2M	$45.7M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4502	−0.044%	$13.4M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4505	+0.022%	$25.4M	$41.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4504	0.000%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4497	−0.155%	$194K	$973K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4496	−0.171%	$789K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4516	+0.265%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4514	+0.229%	$426K	$937K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4506	+0.044%	$159K	$333K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4500	−0.087%	$81K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4497	−0.155%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4498	−0.133%	$468	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4507	+0.067%	$129K	$519K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4498	−0.133%	$4.7M	$6.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4503	−0.029%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4503	−0.017%	$401K	$917K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4498	−0.133%	$35K	—	3x	as long as short
Hyperliquid ONDO	+0.0284%	1h	0.4507	+0.062%	$40.2M	$27.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4501	−0.067%	$297K	$840K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4496	−0.178%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4507	+0.067%	$371	$2K	10x	as long as short
Lighter ONDO	+0.0552%	1h	0.4511	+0.162%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0191%	1h	0.4497	−0.165%	$541K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1139%	1h	0.4498	−0.138%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9291%	1h	0.4499	−0.111%	$255K	$129K	5x	as long as short