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: Bitget against SunX−0.045%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1641.643% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.045%, 7d avg +0.009%

Together, before fees+0.099%+$10 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: Bitget is 0.054% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4436	0.0100	pay 0.0050% / 4h	1h 18m	—	$1.4M	20x
Short	Bitget ONDOUSDT	0.4434	0.0100	get 0.0050% / 4h	1h 18m	$25.3M	$39.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.009%: −$5.39
Slippage, 4 orders: −$144.31
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$169.7
Costs to cover: 1.643%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Bitget: live order book, 1 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 SunX live order book, 6 min ago	47.30 bp	74.1 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.25 bp	11.2 bp −$11	17.8 bp −$178	49.7 bp −$4,967	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
dYdX ONDO-USD	+0.0001%	1h	0.4435	−0.016%	$251K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4430	−0.140%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.976%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4432	−0.095%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4429	−0.158%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4434	−0.039%	$374K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4435	−0.018%	$64.4M	$225.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4433	−0.068%	$70.3M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4436	0.000%	$17.2M	$72.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4447	+0.241%	$73K	$88K	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	0.4435	−0.023%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4432	−0.090%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4436	0.000%	$47.4M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4433	−0.068%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDTshort	+0.0100%	4h	0.4434	−0.045%	$25.3M	$39.4M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4434	−0.045%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4441	+0.105%	$720K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4442	+0.134%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4437	+0.034%	$411K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4443	+0.158%	$137K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4436	+0.005%	$68K	$1.3M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4436	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4433	−0.068%	$461	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4439	+0.068%	$131K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4435	−0.023%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4435	−0.031%	$400K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4433	−0.057%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0105%	8h	0.4437	+0.019%	$6K	—	10x	as long as short
Hyperliquid ONDO	+0.0158%	1h	0.4437	+0.022%	$38.5M	$24.2M	10x	as long as short
Aster ONDOUSDT	+0.0184%	4h	0.4435	−0.016%	$713K	$2.3M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0210%	1h	0.4435	−0.029%	$192K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4441	+0.119%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4438	+0.045%	$3.1M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4439	+0.056%	$365	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4432	−0.090%	$281K	$727K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0427%	1h	0.4432	−0.090%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0553% / S −0.0190%	1h	0.4429	−0.164%	$489K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4442	+0.144%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4434	−0.047%	$2K	—	20x	as long as short