Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.053%

Price spread now: 01 Exchange against SunX+0.049%7-day average — · you sell dearer than you buy

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

Long on SunX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and 01 Exchange is 0.049% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread 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	SunX ONDO-USDT	0.4321	0.0100	pay 0.0050% / 4h	1h 37m	—	$1.4M	20x
Short	01 Exchange ONDOUSD	0.4323	0.0168	get 0.0021% / 1h	37m 24s	$356	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.049%Rate

Funding earned: $14.28
Price spread: +0.049% → 0.000%: $4.86
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $4.14
Costs to cover: 0.150%
Break-even: 5.0 days

Slippage unknown: SunX: live order book, 7 min ago; 01 Exchange: no order-book sample. 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 SunX live order book, 7 min ago	47.33 bp	68.6 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0147%	1h	0.4318	−0.065%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4318	−0.066%	$242K	$136K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4319	−0.047%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.716%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4325	+0.104%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4321	0.000%	$347K	$897K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4323	+0.046%	$773K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4321	−0.010%	$62.7M	$237.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4319	−0.046%	$67.3M	$125.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4320	−0.023%	$17.2M	$73.0M	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	0.4319	−0.053%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4321	+0.007%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4319	−0.046%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4320	−0.023%	$43.0M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4320	−0.023%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4319	−0.046%	$24.7M	$39.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4320	−0.023%	—	$23.4M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4321	−0.002%	$171K	$998K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	+0.063%	$643K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	−0.002%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4325	+0.092%	$401K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4330	+0.208%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4323	+0.042%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4318	−0.069%	$23K	$6K	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4321	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4319	−0.046%	$449	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4330	+0.208%	$128K	$424K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4321	0.000%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4322	+0.020%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4317	−0.083%	$391K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4320	−0.014%	$37K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0159%	1h	0.4323	+0.042%	$36.2M	$27.1M	10x	as long as short
01 Exchange ONDOUSDshort	+0.0168%	1h	0.4323	+0.049%	$356	$2K	10x
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4319	−0.046%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	+0.139%	$214K	$726K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4325	+0.090%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4323	+0.046%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0561% / S −0.0197%	1h	0.4318	−0.064%	$486K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4320	−0.029%	$2K	—	20x	as long as short