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: MEXC against OKX+0.068%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.068%, 7d avg +0.010%

Together, before fees−0.055%−$5 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: MEXC is 0.059% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4381	0.0100	pay 0.0050% / 4h	44m 19s	$16.9M	$72.4M	50x
Short	MEXC ONDO_USDT	0.4384	0.0100	get 0.0050% / 4h	44m 19s	$45.9M	$41.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.010%: $5.88
Slippage, 4 orders: −$13.56
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.68
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago	1.15 bp	10.5 bp −$11	21.1 bp −$211	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.15 bp	1.7 bp −$2	5.9 bp −$59	30.0 bp −$2,998	135.1 bp −$67.6K

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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4382	+0.020%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4371	−0.224%	$2.6M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.268%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4381	0.000%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4384	+0.068%	$371K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4387	+0.139%	$37.6M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4384	+0.068%	$63.1M	$229.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4383	+0.046%	$69.3M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4381	long leg	$16.9M	$72.4M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4369	−0.274%	$72K	$84K	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	0.4381	−0.007%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4384	+0.068%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4384	+0.068%	$45.9M	$41.6M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4385	+0.091%	$12.7M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4382	+0.023%	$25.0M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4385	+0.091%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4376	−0.119%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4374	−0.167%	$709K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4369	−0.274%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4355	−0.584%	$402K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4370	−0.251%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4383	+0.046%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4379	−0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4373	−0.183%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4382	+0.023%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4373	−0.183%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4375	−0.128%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4380	−0.026%	$395K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4381	+0.007%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0216%	4h	0.4384	+0.070%	$737K	$2.4M	20x	as long as short
Lighter ONDO	+0.0224%	1h	0.4383	+0.039%	$1.1M	$2.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4384	+0.064%	$361	$2K	10x	as long as short
dYdX ONDO-USD	+0.0289%	1h	0.4371	−0.219%	$247K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.297%	$276K	$719K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4376	−0.114%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4377	−0.080%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0436%	1h	0.4376	−0.114%	$23K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4381	−0.001%	$520K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4384	+0.066%	$2K	—	20x	as long as short