Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.055%

Price spread now: OKX 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 OKX

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

The price spread pays, funding is against you. OKX 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 −$1 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4342	0.0120	pay 0.0015% / 1h	18m 12s	$357	$2K	10x
Short	OKX ONDO-USDT-SWAP	0.4344	0.0100	get 0.0050% / 4h	2h 18m	$17.3M	$73.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$4.2
Price spread: +0.037% → 0.000%: $3.68
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$17.52
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	1.16 bp	8.4 bp −$8	21.5 bp −$215	184.3 bp −$18.4K	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	−0.0240%	1h	0.4344	+0.032%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4344	+0.039%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0012%	1h	0.4341	−0.039%	$244K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.195%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4349	+0.157%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4340	−0.050%	$349K	$882K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4346	+0.088%	$36.2M	$26.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4348	+0.129%	$777K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4346	+0.083%	$62.9M	$237.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4343	+0.014%	$67.9M	$126.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4344	+0.037%	$17.3M	$73.8M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4335	−0.168%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4339	−0.077%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4345	+0.060%	$12.2M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4343	+0.014%	$43.3M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4340	−0.055%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4346	+0.083%	$24.9M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4346	+0.083%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4341	−0.021%	$178K	$987K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4320	−0.522%	$631K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4325	−0.407%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4313	−0.679%	$398K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4306	−0.838%	$132K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4344	+0.037%	$65K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4345	+0.060%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4346	+0.083%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4347	+0.106%	$452	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4355	+0.290%	$129K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4345	+0.060%	$4.2M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4341	−0.032%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4346	+0.075%	$391K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4349	+0.144%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSDlong	+0.0120%	1h	0.4342	long leg	$357	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4347	+0.106%	$218K	$762K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4311	−0.732%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4341	−0.032%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0440%	1h	0.4348	+0.129%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0571% / S −0.0202%	1h	0.4343	+0.013%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4346	+0.089%	$2K	—	20x	as long as short