Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Gate against Ondo Perps−0.173%7-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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: 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: Gate is 0.173% cheaper against Ondo Perps than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ONDO-USD.P	0.4509	0.0100	pay 0.0013% / 1h	47m 34s	$72K	$86K	10x
Short	Gate ONDO_USDT	0.4501	0.0100	get 0.0050% / 4h	2h 47m	$11.8M	$18.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.173%Rate

Funding earned: $0
Price spread: −0.173% → 0.000%: −$17.3
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$37.3
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	1.11 bp	19.6 bp −$20	40.4 bp −$404	50.7 bp −$5,068	81.1 bp −$40.6K

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	−0.1128%	1h	0.4508	−0.011%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4509	+0.004%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4506	−0.065%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4508	−0.009%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−2.058%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4505	−0.084%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4504	−0.112%	$429K	$671K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4506	−0.053%	$40.6M	$27.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4507	−0.047%	$752K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4504	−0.106%	$66.3M	$219.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4501	−0.173%	$72.5M	$117.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4499	−0.217%	$17.6M	$79.4M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4509	long leg	$72K	$86K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4503	−0.133%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4501	−0.173%	$11.8M	$18.6M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4502	−0.151%	$47.4M	$45.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4502	−0.151%	$13.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4503	−0.129%	$25.4M	$41.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4502	−0.151%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4507	−0.035%	$195K	$971K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4504	−0.117%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4503	−0.125%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4501	−0.182%	$417K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4506	−0.062%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4504	−0.109%	$79K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4505	−0.084%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4506	−0.062%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4514	+0.115%	$125K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4504	−0.106%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4502	−0.158%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4502	−0.154%	$402K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4507	−0.047%	$35K	—	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4520	+0.248%	$304K	$839K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4503	−0.129%	$3.2M	$3.0M	75x	as long as short
Lighter ONDO	+0.0400%	1h	0.4511	+0.047%	$1.4M	$2.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0504%	1h	0.4507	−0.033%	$371	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0615% / S −0.0203%	1h	0.4505	−0.083%	$560K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4503	−0.132%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.0398%	1h	0.4503	−0.122%	$255K	$117K	5x	as long as short