Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX+0.162%100s7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.374% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.162%, 7d avg +0.068%

Together, before fees+0.072%+$7 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: ApeX Omni is 0.094% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.068%. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4323	0.0100	pay 0.0050% / 4h	3h 01m	$17.0M	$72.4M	50x
Short	ApeX Omni ONDOUSDT	0.4330	0.0100	get 0.0013% / 1h	1m 54s	$134K	$354K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.162%Rate

Funding earned: $0
Price spread: +0.162% → +0.068%: $9.36
Slippage, 4 orders: −$17.37
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$28
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 51 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 OKX live order book, 2 min ago	1.15 bp	9.7 bp −$10	18.9 bp −$189	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	3.40 bp	9.0 bp −$9	21.6 bp −$216	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	−0.0162%	1h	0.4320	−0.078%	$2.5M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4318	−0.115%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.667%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4325	+0.035%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4318	−0.116%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4317	−0.145%	$356K	$867K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4322	−0.023%	$36.3M	$25.6M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4324	+0.023%	$62.3M	$233.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4322	−0.023%	$67.3M	$125.2M	50x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4323	long leg	$17.0M	$72.4M	50x

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	0.4344	+0.490%	$72K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4315	−0.190%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4321	−0.046%	$12.0M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4322	−0.023%	$42.6M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4320	−0.069%	$12.2M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4321	−0.046%	$24.8M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4323	0.000%	—	$23.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4321	−0.046%	$175K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4334	+0.248%	$683K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4333	+0.241%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	+0.219%	$404K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4330	+0.162%	$134K	$354K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4318	−0.118%	$65K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4322	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4321	−0.046%	$449	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4329	+0.139%	$128K	$428K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4317	−0.137%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4320	−0.067%	$388K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4323	−0.006%	$37K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0125%	4h	0.4325	+0.053%	$775K	$2.6M	20x	as long as short
Phemex ONDOUSDT	+0.0150%	4h	0.4324	+0.023%	$4.2M	$8.0M	50x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4315	−0.183%	$355	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4322	−0.023%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4333	+0.231%	$218K	$765K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4340	+0.402%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4329	+0.139%	$3.1M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0193%	1h	0.4318	−0.113%	$480K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4320	−0.064%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1172%	1h	0.4317	−0.134%	$247K	$133K	5x	as long as short