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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 16:00 UTC−0.0100%/8h
next payment, per $10,000−$0.13paid, last 24h−0.013%paid, last 5 days+0.033%to open and close $10k−$43
Long on DeribitShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ONDO_USDC-PERPETUAL0.44490.0200pay 0.0025% / 1h8m 16s$36K$242K25x
ShortBackpack ONDO_USDC_PERP0.44450.0100get 0.0013% / 1h8m 16s$245K$852K15x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$21
Slippage, 4 orders
−$25.68
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$63.68
Break-even
never at this rate
Slippage from Deribit: live order book, 7 min ago; Backpack: live order book, 42 min ago.

Price risk

price view
Price gap now
−0.083%
Avg gap 7d
−0.002%
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 Deribit live order book, 7 min ago6.76 bp10.3 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 42 min ago2.90 bp8.9 bp −$9doesn't fitdoesn't fitdoesn't fit

ONDO on 38 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0008%1h$6K—150xas long as short
Injective ONDO/USDC PERP+0.0015%1h$995$134K5.5xas long as short
Phoenix ONDO+0.0036%1h$28K$224K10xas long as short
Gate ONDO_USDT+0.0044%4h$11.7M$20.2M50xas long as short
Orderly PERP_ONDO_USDC+0.0093%4h$24K$9K10xas long as short
Paradex ONDO-USD-PERP+0.0100%8h$6K$910xas long as short
Nado ONDO-PERP+0.0100%1h$431K$568K10xas long as short
Aster ONDOUSDT+0.0100%4h$708K$1.7M20xas long as short
Binance ONDOUSDT+0.0100%4h$67.1M$229.1M75xas long as short
Bybit ONDOUSDT+0.0100%4h$69.6M$118.9M50xas long as short
Show all 38 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX ONDO-USDT-SWAP+0.0100%4h$18.2M$83.1M50xas long as short
Ondo Perps ONDO-USD.P+0.0100%1h$74K$93K10xas long as short
RISEx ONDO/USDC+0.0100%1h——5xas long as short
MEXC ONDO_USDT+0.0100%4h$48.0M$46.8M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h$13.6M$10.6M50xas long as short
Bitget ONDOUSDT+0.0100%4h$25.2M$44.4M50xas long as short
BingX ONDO-USDC+0.0100%4h—$763K—as long as short
Backpack ONDO_USDC_PERPshort+0.0100%1h$245K$852K15x
Variational Omni ONDO+0.0100%4h$901K$2.0M—as long as short
edgeX ONDOUSDC+0.0100%4h$5K$317K20xas long as short
ApeX Omni ONDOUSDT+0.0100%1h$180K$372K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h$80K$1.0M10xas long as short
SunX ONDO-USDT+0.0100%4h—$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h$462$15K10xas long as short
HTX ONDO-USDT+0.0100%4h$130K$540K50xas long as short
Phemex ONDOUSDT+0.0100%4h$5.0M$5.3M50xas long as short
Extended ONDO-USD+0.0104%1h$375K$1.1M25xas long as short
Aevo ONDO-PERP+0.0104%1h$35K—3xas long as short
Deribit ONDO_USDC-PERPETUALlong+0.0200%1h$36K$242K25x
Hyperliquid ONDO+0.0252%1h$40.4M$29.2M10xas long as short
01 Exchange ONDOUSD+0.0336%1h$367$1K10xas long as short
BloFin ONDO-USDT+0.0340%4h$3.4M$3.4M75xas long as short
Coinbase International ONDO-PERP-INTX+0.0448%1h$346K$816K50xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0562% / S −0.0189%1h$505K—100xas long as short
Lighter ONDO+0.0632%1h$1.2M$2.0M10xas long as short
Kraken Futures PF_ONDOUSD+0.0827%1h$3.5M$5.0M50xas long as short
Reya ONDORUSDPERP+0.1126%1h$2K—20xas long as short
dYdX ONDO-USD+0.8637%1h$247K$100K5xas long as short