Funding arb · Price arb /

ONDO

all ONDO markets

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: SunX against OKX0.000%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1541.538% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now 0.000%, 7d avg +0.016%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4599	0.0100	pay 0.0050% / 4h	3h 09m	$17.6M	$77.7M	50x
Short	SunX ONDO-USDT	0.4599	0.0100	get 0.0050% / 4h	3h 09m	—	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.016%: −$1.55
Slippage, 4 orders: −$135.75
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$155.3
Costs to cover: 1.538%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; SunX: 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	1.08 bp	9.1 bp −$9	23.0 bp −$230	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	46.45 bp	66.6 bp −$67	doesn't fit	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	−0.0868%	1h	0.4600	+0.023%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4602	+0.067%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4600	+0.021%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.674%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4598	−0.022%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4607	+0.179%	$432K	$706K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4600	+0.022%	$68.9M	$220.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4598	−0.022%	$74.1M	$119.1M	50x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4599	long leg	$17.6M	$77.7M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4625	+0.570%	$73K	$92K	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	0.4601	+0.039%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4598	−0.022%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4600	+0.022%	$49.7M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4602	+0.065%	$14.3M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4600	+0.022%	$26.1M	$38.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4599	0.000%	—	$745K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4599	−0.006%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4605	+0.127%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4614	+0.318%	$426K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	+0.174%	$172K	$335K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4607	+0.183%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDTshort	+0.0100%	4h	0.4599	0.000%	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4601	+0.043%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4609	+0.217%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4599	0.000%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4603	+0.096%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4599	+0.010%	$417K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4602	+0.076%	$40K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0105%	4h	0.4603	+0.077%	$726K	$2.1M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0118%	1h	0.4601	+0.033%	$232K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4600	+0.022%	$34K	$341K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4613	+0.304%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4603	+0.089%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4605	+0.130%	$300K	$818K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4604	+0.109%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0366%	1h	0.4604	+0.117%	$40.9M	$24.8M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4600	+0.013%	$549K	—	100x	as long as short
Lighter ONDO	+0.0664%	1h	0.4609	+0.215%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4603	+0.082%	$2K	—	20x	as long as short