Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Bitget+0.421%114s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as 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−$380.384% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.421%, 7d avg +0.017%

Together, before fees+0.010%+ Points / potential airdropedgeX: Active · farm board+$1 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: edgeX is 0.403% dearer against Bitget than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 114 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	0.4399	0.0100	pay 0.0050% / 4h	1h 09m	$25.1M	$39.4M	50x
Short	edgeX ONDOUSDC	0.4418	0.0100	get 0.0050% / 4h	1h 09m	$5K	$315K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.421%Rate

Funding earned: $0
Price spread: +0.421% → +0.017%: $40.35
Slippage, 4 orders: −$17.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $1.94
Costs to cover: 0.384%
Break-even: from the start

Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 53 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, 4 min ago	2.26 bp	10.7 bp −$11	22.5 bp −$225	74.1 bp −$7,414	doesn't fit
Sell edgeX live order book, 53 min ago	4.54 bp	9.0 bp −$9	15.6 bp −$156	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	0.4401	+0.042%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4407	+0.180%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.842%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4407	+0.188%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4408	+0.205%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4412	+0.307%	$373K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4400	+0.034%	$64.0M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4398	−0.023%	$69.8M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4401	+0.045%	$17.1M	$71.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4401	+0.036%	$73K	$86K	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	0.4398	−0.014%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4398	−0.023%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4399	0.000%	$47.5M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4400	+0.023%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4399	long leg	$25.1M	$39.4M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4400	+0.023%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4410	+0.242%	$714K	$1.8M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4418	+0.421%	$5K	$315K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4411	+0.273%	$407K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4417	+0.409%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4417	+0.414%	$67K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4417	+0.409%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4409	+0.227%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4426	+0.614%	$130K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4409	+0.227%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4400	+0.018%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4400	+0.019%	$398K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4410	+0.256%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0139%	1h	0.4407	+0.189%	$38.2M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0186%	1h	0.4407	+0.191%	$191K	$979K	15x	as long as short
Aster ONDOUSDT	+0.0190%	4h	0.4407	+0.188%	$709K	$2.3M	20x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0204%	1h	0.4409	+0.227%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4427	+0.627%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4415	+0.364%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4404	+0.114%	$362	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.523%	$281K	$727K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4406	+0.153%	$487K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4407	+0.182%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4413	+0.314%	$2K	—	20x	as long as short