Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: HTX against Nado+0.168%7-day average +0.154% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1021.024% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 3 days (all we have)−0.212%−$21 · spread now +0.168%, 7d avg +0.154%

Together, before fees−0.238%+ Points / potential airdropNado: Active · farm board−$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4464	0.0100	pay 0.0012% / 1h	47m 34s	$407K	$780K	10x
Short	HTX ONDO-USDT	0.4471	0.0100	get 0.0050% / 4h	2h 47m	$131K	$500K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now +0.168%Rate

Funding earned: $0
Price spread: +0.168% → +0.154%: $1.4
Slippage, 4 orders: −$83.37
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$100.97
Costs to cover: 1.024%
Break-even: 3401210073679368.5 days

Slippage from Nado: live order book, 21 min ago; HTX: live order book, 21 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 Nado live order book, 21 min ago	1.31 bp	8.2 bp −$8	19.5 bp −$195	doesn't fit	doesn't fit
Sell HTX live order book, 21 min ago	35.74 bp	43.4 bp −$43	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	−0.0358%	1h	0.4462	−0.026%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4454	−0.210%	$252K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4460	−0.081%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.341%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4461	−0.056%	$24K	$6K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4464	long leg	$407K	$780K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4462	−0.028%	$687K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4459	−0.105%	$65.7M	$227.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4456	−0.168%	$71.8M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4456	−0.168%	$17.2M	$76.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4464	+0.016%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4458	−0.116%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4457	−0.146%	$11.7M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4459	−0.101%	$45.1M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4461	−0.056%	$13.5M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4460	−0.078%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4459	−0.101%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4465	+0.040%	$202K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4468	+0.097%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4470	+0.155%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4470	+0.147%	$421K	$952K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4470	+0.146%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4466	+0.060%	$77K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4461	−0.056%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4463	−0.011%	$464	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4471	+0.168%	$131K	$500K	50x
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4461	−0.058%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4460	−0.071%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4466	+0.045%	$39K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0198%	1h	0.4462	−0.034%	$33K	$339K	25x	as long as short
Hyperliquid ONDO	+0.0239%	1h	0.4467	+0.090%	$39.5M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4461	−0.052%	$367	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4460	−0.078%	$290K	$798K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4476	+0.269%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.168%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0581% / S −0.0186%	1h	0.4458	−0.112%	$533K	—	100x	as long as short
Lighter ONDO	+0.0608%	1h	0.4462	−0.027%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0633%	4h	0.4467	+0.078%	$4.3M	$7.2M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4461	−0.056%	$2K	—	20x	as long as short