data as of
Settings8H · net · $10k
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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+0.3909%/8h
next payment, per $10,000+$4.89paid, last 24h+1.102%paid, last 7 days+1.024%to open and close $10k−$351
Long on Coinbase InternationalShort on dYdX
The current rate is far above what this pair has been paying: over the last 7 days it paid 1.024% in total (about 53.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.89 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
LongCoinbase International ONDO-PERP-INTX0.45290.0488pay 0.0061% / 1h31m 13s$355K$813K50x
ShortdYdX ONDO-USD0.45280.4397get 0.0550% / 1h31m 13s$161K$11K5x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$820.85
Slippage, 4 orders
−$330.64
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
$470.22
Break-even
3.0 days
Slippage from Coinbase International: live order book, 24 min ago; dYdX: live order book, 24 min ago.

Price risk

price view
Price gap now
−0.030%
Avg gap 7d
−0.248%
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 Coinbase International live order book, 24 min ago18.90 bp30.0 bp −$3063.4 bp −$634doesn't fitdoesn't fit
Sell dYdX live order book, 24 min ago101.19 bp183.1 bp −$183264.4 bp −$2,644305.0 bp −$30.5K616.8 bp −$308.4K

ONDO on 37 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate ONDO_USDT−0.0082%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$455K$517K10xas long as short
Aster ONDOUSDT+0.0100%4h$702K$1.5M20xas long as short
Binance ONDOUSDT+0.0100%4h$67.7M$216.5M75xas long as short
Bybit ONDOUSDT+0.0100%4h$70.4M$112.6M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h$18.4M$80.4M50xas 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$49.5M$44.5M200xas 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-USDT+0.0100%4h—$22.6M—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$317K20xas long as short
ApeX Omni ONDOUSDT+0.0100%1h$183K$340K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h$87K$961K10xas 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$130K$618K50xas long as short
Phemex ONDOUSDT+0.0100%4h$4.9M$4.7M50xas long as short
Paradex ONDO-USD-PERP+0.0100%8h$7K$910xas long as short
Extended ONDO-USD+0.0104%1h$418K$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+0.0461%1h$42.9M$27.3M10xas long as short
Coinbase International ONDO-PERP-INTXlong+0.0488%1h$355K$813K50x
Lighter ONDO+0.0552%1h$1.2M$1.9M10xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0574% / S −0.0190%1h$516K—100xas long as short
Injective ONDO/USDC PERP+0.0824%1h$1K$88K5.5xas long as short
Kraken Futures PF_ONDOUSD+0.0895%1h$3.6M$4.9M50xas long as short
Reya ONDORUSDPERP+0.1123%1h$2K—20xas long as short
dYdX ONDO-USDshort+0.4397%1h$161K$11K5x