Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Polymarket Perps−0.063%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.211%−$21 · spread now −0.063%, 7d avg −0.026%

Together, before fees−0.204%−$20 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 0.036% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4310	0.0100	pay 0.0013% / 1h	32m 16s	$60K	$1.4M	10x
Short	KuCoin ONDOUSDTM	0.4307	0.0100	get 0.0050% / 4h	1h 32m	$11.9M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.026%: −$3.62
Slippage, 4 orders: −$25.24
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$48.86
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; KuCoin: live order book, 6 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 Polymarket Perps live order book, 1 min ago	2.43 bp	6.4 bp −$6	6.5 bp −$65	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.32 bp	16.7 bp −$17	28.6 bp −$286	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	−0.0147%	1h	0.4307	−0.062%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4307	−0.063%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0005%	1h	0.4313	+0.080%	$242K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.993%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4312	+0.049%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4306	−0.086%	$345K	$899K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4311	+0.030%	$772K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4310	+0.006%	$62.4M	$236.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4307	−0.063%	$67.4M	$124.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4308	−0.039%	$17.1M	$72.4M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4318	+0.186%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4307	−0.052%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4307	−0.063%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4307	−0.063%	$42.7M	$42.6M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4307	−0.063%	$11.9M	$10.5M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4308	−0.039%	$24.7M	$39.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4308	−0.039%	—	$773K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4308	−0.035%	$171K	$996K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4310	+0.001%	$640K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	+0.255%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4316	+0.153%	$406K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4321	+0.262%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4310	long leg	$60K	$1.4M	10x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4307	−0.063%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4316	+0.146%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4309	−0.016%	$448	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4316	+0.146%	$128K	$403K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4310	+0.007%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4308	−0.037%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4307	−0.063%	$391K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4310	+0.007%	$37K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0105%	1h	0.4310	+0.019%	$36.1M	$27.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4311	+0.032%	$355	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0214%	1h	0.4309	−0.016%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	+0.401%	$214K	$726K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4316	+0.149%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4321	+0.262%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4307	−0.064%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4308	−0.045%	$2K	—	20x	as long as short