Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX−0.091%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days+0.095%+$10 · spread now −0.091%, 7d avg +0.039%

Together, before fees+0.141%+$14 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: KuCoin is 0.130% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4419	0.0100	pay 0.0050% / 4h	1h 11m	$17.1M	$71.9M	50x
Short	KuCoin ONDOUSDTM	0.4415	0.0100	get 0.0050% / 4h	1h 11m	$12.9M	$10.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → +0.039%: −$12.97
Slippage, 4 orders: −$29.68
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$64.66
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 7 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, 3 min ago	1.13 bp	8.6 bp −$9	20.3 bp −$203	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	1.13 bp	11.6 bp −$12	23.1 bp −$231	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
dYdX ONDO-USD	+0.0001%	1h	0.4409	−0.224%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4413	−0.138%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.372%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4414	−0.109%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4414	−0.113%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4416	−0.068%	$373K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4419	0.000%	$64.3M	$225.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4417	−0.045%	$70.0M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4419	long leg	$17.1M	$71.9M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4401	−0.416%	$73K	$86K	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	0.4414	−0.102%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4414	−0.113%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4417	−0.045%	$47.7M	$41.7M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4415	−0.091%	$12.9M	$10.7M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4417	−0.045%	$25.2M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4416	−0.068%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4410	−0.212%	$714K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4418	−0.034%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4411	−0.181%	$407K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4417	−0.045%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4416	−0.075%	$67K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4416	−0.068%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4416	−0.068%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4424	+0.113%	$130K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4416	−0.068%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4410	−0.199%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4416	−0.077%	$398K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4417	−0.053%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0143%	1h	0.4420	+0.020%	$38.3M	$24.3M	10x	as long as short
Aster ONDOUSDT	+0.0184%	4h	0.4418	−0.028%	$711K	$2.3M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0185%	1h	0.4418	−0.025%	$192K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4427	+0.172%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4415	−0.091%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4419	−0.009%	$364	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.068%	$281K	$727K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0430%	1h	0.4417	−0.045%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4412	−0.168%	$487K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4424	+0.104%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4414	−0.104%	$2K	—	20x	as long as short