Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Ondo Perps−0.298%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.298% cheaper against Ondo Perps than usual: you would sell low and buy high, −$30 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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	Ondo Perps ONDO-USD.P	0.4378	0.0100	pay 0.0013% / 1h	14m 05s	$72K	$78K	10x
Short	edgeX ONDOUSDC	0.4365	0.0100	get 0.0050% / 4h	3h 14m	$5K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. 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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now −0.298%Rate

Funding earned: $0
Price spread: −0.298% → 0.000%: −$29.76
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$43.76
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 19 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 19 min ago	4.63 bp	9.1 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0175%	1h	0.4372	−0.136%	$2.5M	$7.5M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4369	−0.199%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.347%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4377	−0.005%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4371	−0.142%	$342K	$886K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4372	−0.130%	$763K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4369	−0.188%	$63.7M	$230.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4368	−0.222%	$68.4M	$120.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4371	−0.153%	$17.5M	$70.6M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4378	long leg	$72K	$78K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4370	−0.185%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4369	−0.199%	$13.5M	$15.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4369	−0.199%	$43.9M	$42.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4372	−0.130%	$12.3M	$10.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4371	−0.153%	$25.3M	$35.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4369	−0.199%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4371	−0.158%	$181K	$998K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4371	−0.156%	$741K	$1.9M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4365	−0.298%	$5K	$318K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4361	−0.382%	$412K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4365	−0.290%	$135K	$338K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4371	−0.142%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4371	−0.153%	$24K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4372	−0.130%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4372	−0.130%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4381	+0.075%	$132K	$363K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4368	−0.222%	$4.3M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4372	−0.128%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4372	−0.122%	$363K	$814K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4375	−0.064%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0208%	1h	0.4373	−0.107%	$29K	$360K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4376	−0.039%	$216K	$708K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4374	−0.091%	$360	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4366	−0.272%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4372	−0.130%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0446%	1h	0.4374	−0.074%	$36.8M	$28.0M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0583% / S −0.0208%	1h	0.4366	−0.257%	$506K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1163%	1h	0.4369	−0.203%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3117%	1h	0.4371	−0.158%	$250K	$159K	5x	as long as short