Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against edgeX−0.070%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.070%, 7d avg −0.060%

Together, before fees+0.096%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4321	0.0100	pay 0.0050% / 4h	59m 18s	$5K	$318K	20x
Short	Extended ONDO-USD	0.4318	0.0104	get 0.0013% / 1h	59m 18s	$356K	$810K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0.84
Price spread: −0.070% → −0.060%: −$1.04
Slippage, 4 orders: −$16.69
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.88
Costs to cover: 0.307%
Break-even: 264.4 days

Slippage from edgeX: live order book, 44 min ago; Extended: live order book, 44 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 edgeX live order book, 44 min ago	4.62 bp	9.1 bp −$9	19.0 bp −$190	doesn't fit	doesn't fit
Sell Extended live order book, 44 min ago	3.46 bp	6.0 bp −$6	14.3 bp −$143	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
Kraken Futures PF_ONDOUSD	−0.0176%	1h	0.4318	−0.067%	$2.5M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4319	−0.037%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4317	−0.084%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.726%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4322	+0.040%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4317	−0.083%	$346K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4318	−0.053%	$774K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4319	−0.026%	$62.5M	$233.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4318	−0.060%	$67.8M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4320	−0.014%	$17.2M	$71.9M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4312	−0.199%	$71K	$80K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4317	−0.076%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4318	−0.060%	$12.7M	$15.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4318	−0.060%	$43.3M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4317	−0.083%	$12.0M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4318	−0.060%	$24.6M	$36.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4317	−0.083%	—	$23.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4324	+0.086%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4318	−0.066%	$728K	$1.8M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4321	long leg	$5K	$318K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4323	+0.049%	$407K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4322	+0.033%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4318	−0.062%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4317	−0.083%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4319	−0.037%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4320	−0.014%	$449	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4325	+0.102%	$128K	$395K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4320	−0.014%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4317	−0.078%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4318	−0.070%	$356K	$810K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4320	−0.014%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0248%	1h	0.4318	−0.058%	$355	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4320	−0.014%	$214K	$729K	50x	as long as short
dYdX ONDO-USD	+0.0308%	1h	0.4315	−0.118%	$242K	$156K	5x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4325	+0.104%	$35K	$220K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4321	+0.010%	$3.1M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0486%	1h	0.4321	+0.008%	$36.3M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4317	−0.086%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1159%	1h	0.4317	−0.072%	$2K	—	20x	as long as short