Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Nado−0.012%7-day average −0.001% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.709%−$71 · spread now −0.012%, 7d avg −0.001%

Together, before fees−0.737%+ Points / potential airdropNado: Active · farm board−$74 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	0.4327	0.0100	pay 0.0012% / 1h	39m 13s	$347K	$888K	10x
Short	MEXC ONDO_USDT	0.4327	0.0100	get 0.0050% / 4h	39m 13s	$43.7M	$42.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → −0.001%: −$1.01
Slippage, 4 orders: −$15.34
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$23.35
Costs to cover: 0.223%
Break-even: 1199631147125155.8 days

Slippage from Nado: live order book, 64 min ago; MEXC: live order book, 5 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, 64 min ago	1.96 bp	9.4 bp −$9	18.9 bp −$189	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.15 bp	3.4 bp −$3	5.4 bp −$54	19.0 bp −$1,902	107.8 bp −$53.9K

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	−0.0176%	1h	0.4327	−0.012%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4326	−0.038%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.557%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4333	+0.116%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4327	long leg	$347K	$888K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4330	+0.058%	$775K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4329	+0.034%	$62.8M	$233.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4326	−0.035%	$68.0M	$121.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4327	−0.012%	$17.3M	$71.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4336	+0.201%	$71K	$81K	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	0.4321	−0.140%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4326	−0.035%	$12.8M	$15.8M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4327	−0.012%	$43.7M	$42.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4327	−0.012%	$12.0M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4328	+0.012%	$24.7M	$36.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4328	+0.012%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4326	−0.023%	$177K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4333	+0.119%	$735K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4335	+0.167%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4336	+0.191%	$399K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4335	+0.173%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4327	−0.007%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4328	+0.012%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4329	+0.035%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4328	+0.012%	$490	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4338	+0.243%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4328	+0.012%	$4.2M	$8.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4321	−0.155%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4321	−0.143%	$356K	$797K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4330	+0.069%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4329	+0.035%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0224%	1h	0.4324	−0.074%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4324	−0.081%	$214K	$730K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4337	+0.215%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4330	+0.058%	$3.1M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0355%	1h	0.4328	+0.014%	$36.5M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4327	−0.007%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1160%	1h	0.4327	−0.001%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1609%	1h	0.4325	−0.054%	$243K	$156K	5x	as long as short