Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.013%

Price spread now: BloFin against 01 Exchange+0.037%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. BloFin is 0.037% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4561	0.0400	pay 0.0050% / 1h	10m 18s	$375	$2K	10x
Short	BloFin ONDO-USDT	0.4563	0.0340	get 0.0170% / 4h	1h 10m	$3.3M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against 01 Exchange. 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 01 ExchangebpFee BloFinbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$12.6
Price spread: +0.037% → 0.000%: $3.73
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.87
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 3 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	6.57 bp	12.6 bp −$13	17.6 bp −$176	34.9 bp −$3,494	119.1 bp −$59.5K

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	−0.0353%	1h	0.4559	−0.042%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4560	−0.026%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4560	−0.029%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4557	−0.083%	$431K	$705K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4562	+0.013%	$728K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4560	−0.024%	$67.7M	$226.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4559	−0.050%	$73.8M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4559	−0.050%	$17.8M	$81.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	+0.588%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4558	−0.072%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4557	−0.094%	$12.0M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4559	−0.050%	$49.1M	$44.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4559	−0.050%	$13.7M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4560	−0.029%	$25.9M	$41.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4560	−0.029%	—	$743K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4560	−0.031%	$786K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4568	+0.150%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4568	+0.152%	$421K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4565	+0.081%	$163K	$317K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4561	0.000%	$68K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4558	−0.072%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4560	−0.029%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4565	+0.081%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4560	−0.029%	$4.7M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4557	−0.084%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4559	−0.054%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4565	+0.070%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4586	+0.537%	$38K	$219K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0145%	1h	0.4563	+0.037%	$230K	$1.0M	15x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	+0.147%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0189%	1h	0.4561	−0.007%	$31K	$432K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4595	+0.739%	$301K	$862K	50x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4563	+0.037%	$3.3M	$3.1M	75x
Hyperliquid ONDO	+0.0383%	1h	0.4562	+0.007%	$40.5M	$27.2M	10x	as long as short
01 Exchange ONDOUSDlong	+0.0400%	1h	0.4561	long leg	$375	$2K	10x
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0187%	1h	0.4559	−0.048%	$543K	—	100x	as long as short
Lighter ONDO	+0.0704%	1h	0.4569	+0.171%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4558	−0.081%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.5221%	1h	0.4560	−0.020%	$258K	$129K	5x	as long as short