Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.054%

Price spread now: MEXC against 01 Exchange+0.058%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 MEXC

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 MEXC is 0.058% dearer against 01 Exchange than usual: you sell high and buy low: +$6 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	01 Exchange ONDOUSD	0.4339	0.0024	pay 0.0003% / 1h	56m 07s	$357	$2K	10x
Short	MEXC ONDO_USDT	0.4341	0.0100	get 0.0050% / 4h	2h 56m	$42.8M	$41.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.058%Rate

Funding earned: $15.96
Price spread: +0.058% → 0.000%: $5.76
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $14.72
Costs to cover: 0.070%
Break-even: 0.5 days

Slippage unknown: 01 Exchange: no order-book sample; MEXC: 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 MEXC live order book, 3 min ago	1.16 bp	1.2 bp −$1	2.3 bp −$23	20.4 bp −$2,039	118.7 bp −$59.4K

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	−0.0240%	1h	0.4339	+0.007%	$2.6M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4339	+0.021%	$248K	$133K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4344	+0.127%	$18K	$362K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4342	+0.078%	$7K	—	150x	as long as short
01 Exchange ONDOUSDlong	+0.0024%	1h	0.4339	long leg	$357	$2K	10x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.290%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4345	+0.152%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4343	+0.104%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4340	+0.040%	$352K	$875K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4342	+0.081%	$36.5M	$25.7M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4342	+0.081%	$62.4M	$234.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4340	+0.035%	$67.6M	$125.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4342	+0.081%	$17.1M	$72.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4346	+0.184%	$72K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4340	+0.024%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4341	+0.058%	$12.0M	$16.2M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4341	+0.058%	$42.8M	$41.6M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4341	+0.058%	$12.2M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4342	+0.081%	$24.9M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4341	+0.058%	—	$23.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4341	+0.067%	$175K	$982K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4322	−0.386%	$681K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4324	−0.333%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4325	−0.301%	$404K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4332	−0.150%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4340	+0.023%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4341	+0.058%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4342	+0.081%	$451	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4344	+0.127%	$129K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4342	+0.081%	$4.2M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4340	+0.028%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4343	+0.099%	$390K	$791K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4341	+0.054%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0116%	4h	0.4343	+0.104%	$777K	$2.6M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4338	−0.012%	$218K	$766K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4321	−0.396%	$34K	$214K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4338	−0.012%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0554% / S −0.0193%	1h	0.4341	+0.067%	$483K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4339	+0.011%	$2K	—	20x	as long as short