Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: edgeX against Gate−0.089%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.089%, 7d avg +0.047%

Together, before fees+0.122%+ Points / potential airdropedgeX: Active · farm board+$12 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: edgeX is 0.136% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4306	0.0100	pay 0.0050% / 4h	2h 29m	$12.1M	$16.4M	50x
Short	edgeX ONDOUSDC	0.4302	0.0100	get 0.0050% / 4h	2h 29m	$4K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → +0.047%: −$13.6
Slippage, 4 orders: −$24.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$62.31
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; edgeX: live order book, 19 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 Gate live order book, 4 min ago	1.16 bp	16.4 bp −$16	34.2 bp −$342	46.8 bp −$4,680	77.6 bp −$38.8K
Sell edgeX live order book, 19 min ago	4.61 bp	9.1 bp −$9	15.6 bp −$156	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	−0.0242%	1h	0.4304	−0.040%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4306	−0.001%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0016%	1h	0.4300	−0.133%	$241K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.085%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0072%	1h	0.4310	+0.100%	$355	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4307	+0.030%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4308	+0.041%	$349K	$876K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4310	+0.100%	$35.9M	$26.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4307	+0.026%	$775K	$2.6M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4306	0.000%	$62.0M	$236.0M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4303	−0.070%	$67.1M	$126.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4305	−0.023%	$17.1M	$73.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4295	−0.244%	$70K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4307	+0.020%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4306	long leg	$12.1M	$16.4M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4305	−0.023%	$42.7M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4304	−0.046%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4304	−0.046%	$24.7M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4305	−0.023%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4306	−0.005%	$176K	$989K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4295	−0.259%	$649K	$1.7M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4302	−0.089%	$4K	$317K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4298	−0.175%	$401K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4300	−0.139%	$133K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4309	+0.058%	$67K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4306	0.000%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4309	+0.070%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4306	0.000%	$448	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4319	+0.302%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4304	−0.046%	$4.1M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4303	−0.066%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4307	+0.025%	$387K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4310	+0.092%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.929%	$218K	$765K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4306	0.000%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4309	+0.070%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0447%	1h	0.4309	+0.070%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4306	+0.011%	$484K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4310	+0.082%	$2K	—	20x	as long as short