Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.058%

Price spread now: Gate against 01 Exchange+0.056%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 Gate

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. Gate is 0.056% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4445	0.0248	pay 0.0031% / 1h	54m 35s	$366	$2K	10x
Short	Gate ONDO_USDT	0.4447	0.0100	get 0.0050% / 4h	2h 54m	$11.7M	$15.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.056%Rate

Funding earned: −$31.08
Price spread: +0.056% → 0.000%: $5.62
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.46
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	2.23 bp	19.5 bp −$20	39.3 bp −$393	50.9 bp −$5,087	80.4 bp −$40.2K

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
ApeX Omni ONDOUSDT	−0.1599%	1h	0.4475	+0.686%	$167K	$332K	50x	as long as short
Kraken Futures PF_ONDOUSD	−0.0358%	1h	0.4460	+0.344%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4454	+0.221%	$252K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4457	+0.290%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.779%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4458	+0.304%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4447	+0.062%	$407K	$781K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4448	+0.085%	$39.4M	$25.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4455	+0.239%	$705K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4442	−0.056%	$65.5M	$226.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4444	−0.011%	$71.3M	$121.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4450	+0.124%	$17.1M	$76.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4462	+0.403%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4442	−0.066%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4447	+0.056%	$11.7M	$15.7M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4448	+0.079%	$45.3M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4447	+0.056%	$13.5M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4447	+0.056%	$25.1M	$39.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4450	+0.124%	—	$756K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4460	+0.337%	$225K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4454	+0.209%	$789K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4475	+0.679%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4454	+0.214%	$419K	$965K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4450	+0.115%	$116K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4460	+0.349%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4461	+0.371%	$464	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4468	+0.529%	$130K	$499K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4448	+0.090%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4450	+0.134%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4459	+0.331%	$39K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0199%	1h	0.4460	+0.349%	$33K	$339K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4508	+1.424%	$37K	$231K	10x	as long as short
01 Exchange ONDOUSDlong	+0.0248%	1h	0.4445	long leg	$366	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4466	+0.484%	$290K	$800K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4457	+0.281%	$3.3M	$3.0M	75x	as long as short
Lighter ONDO	+0.0528%	1h	0.4462	+0.405%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0582% / S −0.0186%	1h	0.4458	+0.295%	$532K	—	100x	as long as short
Phemex ONDOUSDT	+0.0760%	4h	0.4464	+0.439%	$4.3M	$7.2M	50x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4445	+0.017%	$2K	—	20x	as long as short