Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Nado+0.011%7-day average −0.021% · 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−$31as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.377%−$38 · spread now +0.011%, 7d avg −0.021%

Together, before fees−0.405%+ Points / potential airdropNado: Active · farm board−$40 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: OKX is 0.032% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4427	0.0100	pay 0.0012% / 1h	31m 37s	$375K	$837K	10x
Short	OKX ONDO-USDT-SWAP	0.4428	0.0100	get 0.0050% / 4h	1h 31m	$17.1M	$72.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.021%: $3.22
Slippage, 4 orders: −$16.82
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.6
Costs to cover: 0.338%
Break-even: 3143434705274559.5 days

Slippage from Nado: live order book, 32 min ago; OKX: 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 Nado live order book, 32 min ago	0.45 bp	5.9 bp −$6	18.1 bp −$181	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.13 bp	10.1 bp −$10	22.5 bp −$225	281.2 bp −$28.1K	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
dYdX ONDO-USD	+0.0002%	1h	0.4421	−0.156%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4418	−0.215%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.173%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4420	−0.159%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4420	−0.169%	$24K	$6K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4427	long leg	$375K	$837K	10x
Binance ONDOUSDT	+0.0100%	4h	0.4431	+0.068%	$64.4M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4427	−0.011%	$70.0M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4428	+0.011%	$17.1M	$72.4M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4419	−0.190%	$72K	$87K	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	0.4427	−0.006%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4425	−0.056%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4428	+0.011%	$46.9M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4426	−0.034%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4429	+0.034%	$25.3M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4428	+0.011%	—	$760K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4409	−0.426%	$713K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4421	−0.144%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4422	−0.114%	$414K	$992K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4417	−0.237%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4422	−0.133%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4422	−0.124%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4422	−0.124%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4429	+0.034%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4421	−0.147%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4428	+0.005%	$399K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4423	−0.102%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0106%	8h	0.4427	−0.004%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0161%	4h	0.4432	+0.091%	$715K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0206%	1h	0.4430	+0.045%	$38.5M	$24.5M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0211%	1h	0.4423	−0.104%	$191K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4398	−0.675%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4421	−0.147%	$3.1M	$3.1M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4407	−0.463%	$283K	$700K	50x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4433	+0.124%	$365	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4416	−0.257%	$487K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0655%	1h	0.4422	−0.124%	$23K	$349K	25x	as long as short
Lighter ONDO	+0.0896%	1h	0.4434	+0.151%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4420	−0.165%	$2K	—	20x	as long as short