Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1055%/8h= +115.5% APRpaid last 24h +0.309%

Price spread now: Reya against MEXC+0.063%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Reya is 0.063% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4339	0.0100	pay 0.0050% / 4h	2h 51m	$43.4M	$41.7M	200x
Short	Reya ONDORUSDPERP	0.4342	0.1155	get 0.0144% / 1h	51m 47s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.063%Rate

Funding earned: $221.56
Price spread: +0.063% → 0.000%: $6.3
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $221.86
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 min ago; Reya: 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 MEXC live order book, 2 min ago	1.15 bp	2.4 bp −$2	4.1 bp −$41	12.6 bp −$1,264	77.2 bp −$38.6K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0240%	1h	0.4339	0.000%	$2.6M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4340	+0.021%	$248K	$133K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4339	−0.001%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.278%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0040%	1h	0.4344	+0.122%	$358	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4344	+0.111%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4340	+0.023%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4345	+0.138%	$352K	$875K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4340	+0.032%	$36.4M	$25.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4341	+0.046%	$62.5M	$234.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4338	−0.023%	$67.5M	$125.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4339	0.000%	$17.1M	$72.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4346	+0.173%	$72K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4344	+0.105%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4339	0.000%	$12.1M	$16.2M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4339	long leg	$43.4M	$41.7M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4340	+0.023%	$12.2M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4340	+0.023%	$24.9M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4339	0.000%	—	$762K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4340	+0.028%	$175K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4341	+0.040%	$683K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4335	−0.097%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4340	+0.023%	$407K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4339	0.000%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4344	+0.113%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4341	+0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4342	+0.069%	$451	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4351	+0.277%	$129K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4340	+0.023%	$4.2M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4345	+0.132%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4339	−0.010%	$389K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4344	+0.104%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0105%	4h	0.4342	+0.060%	$777K	$2.6M	20x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4342	+0.069%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.161%	$218K	$767K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4342	+0.060%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4341	+0.046%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0554% / S −0.0193%	1h	0.4339	−0.001%	$483K	—	100x	as long as short
Reya ONDORUSDPERPshort	+0.1155%	1h	0.4342	+0.063%	$2K	—	20x