Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.059%

Price spread now: edgeX against 01 Exchange+0.846%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.846% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.846% now, against zero (this spread has no 7-day history yet)): +$85 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4570	0.0408	pay 0.0051% / 1h	37m 10s	$376	$2K	10x
Short	edgeX ONDOUSDC	0.4609	0.0100	get 0.0050% / 4h	1h 37m	$5K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.846%Rate

Funding earned: −$64.68
Price spread: +0.846% → 0.000%: $84.58
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $3.9
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; edgeX: live order book, 46 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 edgeX live order book, 46 min ago	4.42 bp	8.9 bp −$9	15.3 bp −$153	doesn't fit	doesn't fit

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	−0.0352%	1h	0.4566	−0.096%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4565	−0.101%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4566	−0.088%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4561	−0.186%	$431K	$697K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4571	+0.017%	$742K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4569	−0.027%	$67.2M	$225.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4570	0.000%	$74.4M	$120.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4570	0.000%	$17.8M	$81.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4626	+1.232%	$73K	$87K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4570	−0.003%	—	—	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	0.4568	−0.044%	$11.9M	$18.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4570	0.000%	$48.0M	$44.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4568	−0.044%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4571	+0.022%	$25.8M	$41.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4570	0.000%	—	$742K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4572	+0.037%	$209K	$991K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	−0.526%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4609	+0.846%	$5K	$318K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4598	+0.614%	$431K	$938K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4562	−0.175%	$76K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4567	−0.066%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4568	−0.044%	$475	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4570	0.000%	$132K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4567	−0.066%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4571	+0.024%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4567	−0.056%	$405K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4570	−0.011%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4553	−0.365%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4601	+0.678%	$894	$181K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4568	−0.044%	$26K	$396K	25x	as long as short
ApeX Omni ONDOUSDT	+0.0244%	1h	0.4620	+1.094%	$163K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4574	+0.088%	$301K	$867K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4568	−0.044%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSDlong	+0.0408%	1h	0.4570	long leg	$376	$2K	10x
Hyperliquid ONDO	+0.0508%	1h	0.4576	+0.131%	$40.9M	$27.5M	10x	as long as short
Lighter ONDO	+0.0576%	1h	0.4576	+0.131%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0594% / S −0.0191%	1h	0.4565	−0.100%	$549K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4560	−0.211%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1295%	1h	0.4573	+0.068%	$259K	$130K	5x	as long as short