Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against edgeX−0.083%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.342%−$34 · spread now −0.083%, 7d avg −0.018%

Together, before fees−0.343%+ Points / potential airdropedgeX: Active · farm board−$34 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: MEXC is 0.065% cheaper against edgeX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4361	0.0100	pay 0.0050% / 4h	3h 18m	$5K	$317K	20x
Short	MEXC ONDO_USDT	0.4357	0.0100	get 0.0050% / 4h	3h 18m	$43.6M	$42.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.083%Rate

Funding earned: $0
Price spread: −0.083% → −0.018%: −$6.52
Slippage, 4 orders: −$11.96
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$27.48
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from edgeX: live order book, 14 min ago; MEXC: live order book, 5 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, 14 min ago	4.63 bp	9.5 bp −$10	16.2 bp −$162	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.15 bp	1.2 bp −$1	1.2 bp −$12	14.3 bp −$1,426	100.9 bp −$50.4K

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	−0.0175%	1h	0.4356	−0.110%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4355	−0.125%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.756%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4361	+0.020%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4356	−0.100%	$341K	$886K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4360	−0.014%	$763K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4358	−0.049%	$63.5M	$231.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4355	−0.129%	$68.0M	$120.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4359	−0.037%	$17.4M	$71.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4350	−0.244%	$71K	$79K	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	0.4356	−0.107%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4356	−0.106%	$13.4M	$15.2M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4357	−0.083%	$43.6M	$42.3M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4357	−0.083%	$12.2M	$10.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4359	−0.037%	$25.2M	$35.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4357	−0.083%	—	$23.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4357	−0.076%	$181K	$998K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4357	−0.086%	$690K	$1.8M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4361	long leg	$5K	$317K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4361	+0.008%	$412K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4361	+0.009%	$135K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4357	−0.083%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4356	−0.106%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4359	−0.037%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4357	−0.083%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4361	+0.009%	$132K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4355	−0.129%	$4.3M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4357	−0.082%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4355	−0.125%	$363K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4359	−0.039%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0209%	1h	0.4358	−0.060%	$28K	$360K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4364	+0.077%	$215K	$714K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4359	−0.035%	$359	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4351	−0.228%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4357	−0.083%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0459%	1h	0.4363	+0.043%	$36.6M	$27.8M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0583% / S −0.0208%	1h	0.4354	−0.150%	$504K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1163%	1h	0.4358	−0.058%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3293%	1h	0.4356	−0.103%	$249K	$159K	5x	as long as short