Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Extended+0.050%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on Extended Short on MEXC

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)−0.050%−$5 · spread now +0.050%, 7d avg +0.041%

Together, before fees−0.127%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4559	0.0104	pay 0.0013% / 1h	43m 24s	$409K	$843K	25x
Short	MEXC ONDO_USDT	0.4561	0.0100	get 0.0050% / 4h	43m 24s	$49.5M	$43.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$0.84
Price spread: +0.050% → +0.041%: $0.92
Slippage, 4 orders: −$9.84
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$14.76
Costs to cover: 0.148%
Break-even: never at this rate

Slippage from Extended: live order book, 35 min ago; MEXC: live order book, 6 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 Extended live order book, 35 min ago	2.17 bp	6.6 bp −$7	15.1 bp −$151	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	1.09 bp	2.1 bp −$2	5.5 bp −$55	15.1 bp −$1,506	89.4 bp −$44.7K

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	−0.0800%	1h	0.4560	+0.020%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.203%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4561	+0.050%	$36K	$436K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4561	+0.053%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4561	+0.050%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4560	+0.028%	$430K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4562	+0.080%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4562	+0.080%	$68.2M	$227.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4562	+0.072%	$74.0M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4562	+0.072%	$17.8M	$81.1M	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	0.4566	+0.153%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4559	+0.005%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4559	+0.006%	$12.0M	$18.0M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4561	+0.050%	$49.5M	$43.3M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4563	+0.094%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4561	+0.050%	$25.9M	$41.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4562	+0.072%	—	$739K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4573	+0.312%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4565	+0.145%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4563	+0.094%	$421K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4564	+0.116%	$173K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4563	+0.092%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4563	+0.094%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4560	+0.028%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4571	+0.269%	$133K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4570	+0.247%	$4.7M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4560	+0.020%	$7K	$9	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4559	long leg	$409K	$843K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4563	+0.094%	$44K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0175%	1h	0.4570	+0.250%	$230K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4573	+0.324%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4565	+0.138%	$299K	$852K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4566	+0.160%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0340%	1h	0.4565	+0.135%	$40.5M	$26.8M	10x	as long as short
01 Exchange ONDOUSD	+0.0432%	1h	0.4563	+0.085%	$376	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4561	+0.057%	$544K	—	100x	as long as short
Lighter ONDO	+0.0928%	1h	0.4573	+0.304%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4561	+0.058%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6293%	1h	0.4565	+0.137%	$258K	$131K	5x	as long as short