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Funding arb /

ONDO

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 14:00 UTC+0.1769%/8h
next payment, per $10,000+$2.21paid, last 24h+0.141%paid, last 7 days+0.260%to open and close $10k−$51
Long on BackpackShort on Kraken Futures
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.260% in total (about 13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.21 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack ONDO_USDC_PERP0.45010.0100pay 0.0013% / 1h33m 24s$255K$363K15x
ShortKraken Futures PF_ONDOUSD0.45020.1869get 0.0234% / 1h33m 24s$3.6M$4.7M50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$371.59
Slippage, 4 orders
−$31.16
Fee Backpack: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$320.43
Break-even
1.0 days
Slippage from Backpack: live order book, 27 min ago; Kraken Futures: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.035%
Avg gap 7d
+0.058%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 27 min ago1.54 bp10.2 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 2 min ago8.85 bp18.7 bp −$1931.2 bp −$312doesn't fitdoesn't fit

ONDO on 38 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective ONDO/USDC PERP−0.0499%1h$1K$118K5.5xas long as short
Gate ONDO_USDT−0.0090%4h$11.8M$18.2M50xas long as short
Deribit ONDO_USDC-PERPETUAL0.0000%1h$36K$225K25xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0008%1h$6K—150xas long as short
Phoenix ONDO+0.0053%1h$28K$194K10xas long as short
Orderly PERP_ONDO_USDC+0.0092%4h$27K$4K10xas long as short
Nado ONDO-PERP+0.0100%1h$470K$398K10xas long as short
Aster ONDOUSDT+0.0100%4h$711K$1.3M20xas long as short
Binance ONDOUSDT+0.0100%4h$67.2M$205.6M75xas long as short
Bybit ONDOUSDT+0.0100%4h$69.6M$105.4M50xas long as short
Show all 38 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX ONDO-USDT-SWAP+0.0100%4h$18.7M$74.7M50xas long as short
Ondo Perps ONDO-USD.P+0.0100%1h$75K$102K10xas long as short
RISEx ONDO/USDC+0.0100%1h——5xas long as short
MEXC ONDO_USDT+0.0100%4h$50.4M$43.2M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h$14.2M$9.9M50xas long as short
Bitget ONDOUSDT+0.0100%4h$25.3M$40.6M50xas long as short
BingX ONDO-USDT+0.0100%4h—$21.9M—as long as short
Backpack ONDO_USDC_PERPlong+0.0100%1h$255K$363K15x
Variational Omni ONDO+0.0100%4h$972K$1.7M—as long as short
edgeX ONDOUSDC+0.0100%4h$3K$315K20xas long as short
ApeX Omni ONDOUSDT+0.0100%1h$196K$331K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h$67K$720K10xas long as short
SunX ONDO-USDT+0.0100%4h—$1.3M20xas long as short
SoDEX ONDO-USD+0.0100%1h$2K$9K10xas long as short
HTX ONDO-USDT+0.0100%4h$130K$615K50xas long as short
Phemex ONDOUSDT+0.0100%4h$4.8M$4.4M50xas long as short
Paradex ONDO-USD-PERP+0.0100%8h$6K$910xas long as short
Extended ONDO-USD+0.0104%1h$355K$765K25xas long as short
Aevo ONDO-PERP+0.0104%1h$35K—3xas long as short
01 Exchange ONDOUSD+0.0280%1h$371$1K10xas long as short
BloFin ONDO-USDT+0.0340%4h$3.4M$3.4M75xas long as short
Hyperliquid ONDO+0.0384%1h$42.2M$27.0M10xas long as short
Lighter ONDO+0.0424%1h$1.2M$1.7M10xas long as short
Coinbase International ONDO-PERP-INTX+0.0552%1h$364K$752K50xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0565% / S −0.0187%1h$507K—100xas long as short
Reya ONDORUSDPERP+0.1121%1h$2K—20xas long as short
Kraken Futures PF_ONDOUSDshort+0.1869%1h$3.6M$4.7M50x
dYdX ONDO-USD+0.3070%1h$160K$11K5xas long as short