Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget+0.501%113s7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.458% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.501%, 7d avg +0.051%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.449% dearer against Bitget than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of +0.051%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4395	0.0100	pay 0.0050% / 4h	1h 07m	$25.1M	$39.4M	50x
Short	ApeX Omni ONDOUSDT	0.4417	0.0100	get 0.0013% / 1h	7m 42s	$136K	$354K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.501%Rate

Funding earned: $0
Price spread: +0.501% → +0.051%: $44.93
Slippage, 4 orders: −$23.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$0.91
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 55 min ago.

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 Bitget live order book, 1 min ago	2.27 bp	10.6 bp −$11	20.7 bp −$207	73.3 bp −$7,331	doesn't fit
Sell ApeX Omni live order book, 55 min ago	4.53 bp	11.0 bp −$11	26.5 bp −$265	doesn't fit	doesn't fit

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
dYdX ONDO-USD	+0.0001%	1h	0.4396	+0.027%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4405	+0.239%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.936%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4401	+0.132%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4405	+0.228%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4403	+0.176%	$372K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4397	+0.039%	$63.9M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4395	0.000%	$69.7M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4395	0.000%	$17.1M	$71.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4401	+0.127%	$73K	$85K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4394	−0.030%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4397	+0.046%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4395	0.000%	$47.6M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4397	+0.046%	$13.0M	$10.7M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4395	long leg	$25.1M	$39.4M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4395	0.000%	—	$21.7M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4410	+0.333%	$714K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4414	+0.433%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4418	+0.527%	$408K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4417	+0.501%	$136K	$354K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4406	+0.255%	$64K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4403	+0.182%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4406	+0.250%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4408	+0.296%	$129K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4401	+0.137%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4397	+0.034%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4398	+0.058%	$398K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4408	+0.296%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0136%	1h	0.4400	+0.116%	$38.1M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0181%	1h	0.4402	+0.152%	$191K	$979K	15x	as long as short
Aster ONDOUSDT	+0.0188%	4h	0.4401	+0.137%	$735K	$2.3M	20x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4427	+0.719%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4399	+0.091%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4406	+0.259%	$363	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.614%	$281K	$719K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0431%	1h	0.4407	+0.273%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4405	+0.218%	$486K	—	100x	as long as short
Lighter ONDO	+0.0864%	1h	0.4405	+0.216%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4407	+0.271%	$2K	—	20x	as long as short