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Funding arb /

ONDO

all ONDO markets
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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 15:00 UTC+0.0090%/8h
paid, last 24h+0.033%paid, last 3 days+0.019%to open and closeno order book
Long on BybitShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ONDOUSDT0.45130.0100pay 0.0050% / 4h1h 33m$70.0M$112.5M50x
ShortGMX ONDO/USD [ETH-USDC]0.4512L +0.0573% / S −0.0190%get 0.0024% / 1h33m 01s$514K—100x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$18.91
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee GMX: 6 bp × 2 orders
−$12
Net
−$4.09
Break-even
8.5 days
Slippage unknown: Bybit: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.019%
Avg gap 7d
+0.031%
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 Bybit live order book, 2 min ago2.22 bp7.7 bp −$816.4 bp −$16462.2 bp −$6,220doesn't fit
Sell GMX no order-book sample—————
GMX: 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 37 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate ONDO_USDT−0.0088%4h$11.9M$19.3M50xas long as short
Deribit ONDO_USDC-PERPETUAL0.0000%1h$36K$237K25xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0007%1h$7K—150xas long as short
Phoenix ONDO+0.0035%1h$28K$206K10xas long as short
Orderly PERP_ONDO_USDC+0.0094%4h$25K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h$453K$517K10xas long as short
Aster ONDOUSDT+0.0100%4h$699K$1.5M20xas long as short
Binance ONDOUSDT+0.0100%4h$67.5M$216.3M75xas long as short
Bybit ONDOUSDTlong+0.0100%4h$70.0M$112.5M50x
OKX ONDO-USDT-SWAP+0.0100%4h$18.3M$80.1M50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Ondo Perps ONDO-USD.P+0.0100%1h$74K$101K10xas long as short
RISEx ONDO/USDC+0.0100%1h——5xas long as short
MEXC ONDO_USDT+0.0100%4h$49.4M$44.3M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h$14.2M$10.2M50xas long as short
Bitget ONDOUSDT+0.0100%4h$25.3M$42.7M50xas long as short
BingX ONDO-USDC+0.0100%4h—$766K—as long as short
Backpack ONDO_USDC_PERP+0.0100%1h$297K$646K15xas long as short
Variational Omni ONDO+0.0100%4h$904K$2.0M—as long as short
edgeX ONDOUSDC+0.0100%4h$4K$316K20xas long as short
ApeX Omni ONDOUSDT+0.0100%1h$183K$339K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h$87K$959K10xas long as short
SunX ONDO-USDT+0.0100%4h—$1.3M20xas long as short
SoDEX ONDO-USD+0.0100%1h$2K$8K10xas long as short
HTX ONDO-USDT+0.0100%4h$129K$617K50xas long as short
Phemex ONDOUSDT+0.0100%4h$4.9M$4.7M50xas long as short
Paradex ONDO-USD-PERP+0.0100%8h$6K$910xas long as short
Extended ONDO-USD+0.0104%1h$416K$1.1M25xas long as short
Aevo ONDO-PERP+0.0104%1h$36K—3xas long as short
BloFin ONDO-USDT+0.0340%4h$3.3M$3.4M75xas long as short
Hyperliquid ONDO+0.0442%1h$42.5M$27.2M10xas long as short
Coinbase International ONDO-PERP-INTX+0.0488%1h$354K$812K50xas long as short
Lighter ONDO+0.0528%1h$1.2M$1.9M10xas long as short
GMX ONDO/USD [ETH-USDC]shortL +0.0573% / S −0.0190%1h$514K—100x
Injective ONDO/USDC PERP+0.0824%1h$1K$88K5.5xas long as short
Kraken Futures PF_ONDOUSD+0.0899%1h$3.5M$4.9M50xas long as short
Reya ONDORUSDPERP+0.1123%1h$2K—20xas long as short
dYdX ONDO-USD+0.4735%1h$160K$11K5xas long as short