Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against edgeX−0.085%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1501.503% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.085%, 7d avg −0.014%

Together, before fees+0.081%+ Points / potential airdropedgeX: Active · farm board+$8 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: SunX is 0.070% 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 −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4378	0.0100	pay 0.0050% / 4h	39m 07s	$4K	$315K	20x
Short	SunX ONDO-USDT	0.4374	0.0100	get 0.0050% / 4h	39m 07s	—	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.014%: −$7.01
Slippage, 4 orders: −$133.29
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$157.3
Costs to cover: 1.503%
Break-even: never at this rate

Slippage from edgeX: live order book, 19 min ago; SunX: 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, 19 min ago	4.59 bp	9.1 bp −$9	17.3 bp −$173	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	46.77 bp	66.2 bp −$66	doesn't fit	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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4369	−0.201%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4364	−0.310%	$2.6M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.347%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4371	−0.160%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4365	−0.290%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4369	−0.199%	$369K	$843K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4371	−0.160%	$37.5M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4370	−0.172%	$63.0M	$229.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4370	−0.176%	$69.1M	$124.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4373	−0.107%	$17.0M	$72.7M	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	0.4384	+0.151%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4368	−0.226%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4366	−0.267%	$11.5M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4368	−0.222%	$45.6M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4367	−0.244%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4367	−0.244%	$24.9M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4368	−0.222%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4368	−0.226%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4369	−0.206%	$708K	$1.7M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4378	long leg	$4K	$315K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4376	−0.049%	$410K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4372	−0.130%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4372	−0.128%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDTshort	+0.0100%	4h	0.4374	−0.085%	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4367	−0.244%	$454	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4378	+0.007%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4369	−0.199%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4368	−0.211%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4365	−0.298%	$396K	$794K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4368	−0.222%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0215%	4h	0.4369	−0.193%	$742K	$2.4M	20x	as long as short
dYdX ONDO-USD	+0.0217%	1h	0.4373	−0.107%	$247K	$129K	5x	as long as short
01 Exchange ONDOUSD	+0.0224%	1h	0.4370	−0.180%	$360	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.372%	$276K	$718K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4366	−0.267%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4374	−0.096%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0437%	1h	0.4367	−0.244%	$23K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4367	−0.243%	$519K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4372	−0.119%	$2K	—	20x	as long as short