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: KuCoin against MEXC+0.022%7-day average +0.029% · 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−$42as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.022%, 7d avg +0.029%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4554	0.0100	pay 0.0050% / 4h	21m 48s	$48.6M	$43.6M	200x
Short	KuCoin ONDOUSDTM	0.4555	0.0100	get 0.0050% / 4h	21m 48s	$14.1M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.029%: −$0.75
Slippage, 4 orders: −$29.33
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.09
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	1.10 bp	1.1 bp −$1	2.7 bp −$27	12.6 bp −$1,263	96.4 bp −$48.2K
Sell KuCoin live order book, 2 min ago	2.20 bp	21.7 bp −$22	35.1 bp −$351	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	−0.0801%	1h	0.4553	−0.012%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.307%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4556	+0.034%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4556	+0.044%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4558	+0.088%	$438K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4556	+0.037%	$723K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4554	−0.001%	$68.1M	$227.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4553	−0.022%	$73.8M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4553	−0.022%	$17.6M	$80.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4527	−0.586%	$74K	$88K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4555	+0.020%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4551	−0.066%	$11.9M	$18.1M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4554	long leg	$48.6M	$43.6M	200x
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4555	+0.022%	$14.1M	$11.1M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4554	0.000%	$25.7M	$41.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4553	−0.022%	—	$740K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4556	+0.046%	$228K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	−0.176%	$780K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4541	−0.292%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4551	−0.058%	$420K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4539	−0.329%	$172K	$311K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4560	+0.130%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4551	−0.066%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4555	+0.022%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4566	+0.264%	$134K	$506K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4555	+0.022%	$4.6M	$6.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4551	−0.077%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4553	−0.029%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4558	+0.081%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0126%	1h	0.4555	+0.022%	$40.3M	$26.4M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0189%	1h	0.4558	+0.088%	$35K	$437K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4548	−0.127%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4556	+0.044%	$297K	$846K	50x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4557	+0.077%	$375	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4542	−0.264%	$3.3M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0188%	1h	0.4556	+0.047%	$544K	—	100x	as long as short
Lighter ONDO	+0.0752%	1h	0.4563	+0.200%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4556	+0.053%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3741%	1h	0.4544	−0.228%	$257K	$132K	5x	as long as short