Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Nado against Gate−0.023%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.376%+$38 · spread now −0.023%, 7d avg +0.034%

Together, before fees+0.406%+ Points / potential airdropNado: Active · farm board+$41 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: Nado is 0.057% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4388	0.0100	pay 0.0050% / 4h	1h 06m	$11.6M	$16.2M	50x
Short	Nado ONDO-PERP	0.4387	0.0100	get 0.0012% / 1h	6m 24s	$370K	$837K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.034%: −$5.69
Slippage, 4 orders: −$26.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$53.75
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Nado: live order book, 57 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, 2 min ago	1.14 bp	20.8 bp −$21	35.7 bp −$357	44.4 bp −$4,435	74.5 bp −$37.2K
Sell Nado live order book, 57 min ago	0.45 bp	6.5 bp −$7	16.8 bp −$168	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
dYdX ONDO-USD	+0.0001%	1h	0.4389	+0.027%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4386	−0.036%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.102%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4385	−0.062%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4387	−0.023%	$24K	$6K	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4387	−0.023%	$370K	$837K	10x
Binance ONDOUSDT	+0.0100%	4h	0.4390	+0.046%	$63.8M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4387	−0.023%	$69.6M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4387	−0.023%	$17.0M	$71.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4383	−0.107%	$72K	$84K	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	0.4386	−0.052%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4388	long leg	$11.6M	$16.2M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4389	+0.023%	$47.5M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4387	−0.023%	$12.8M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4387	−0.023%	$25.1M	$39.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4389	+0.023%	—	$762K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4410	+0.493%	$714K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	+0.351%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	+0.319%	$407K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4400	+0.273%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4389	+0.014%	$63K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4395	+0.160%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4388	0.000%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4399	+0.251%	$129K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4389	+0.023%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4388	+0.005%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4387	−0.020%	$396K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.045%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0132%	1h	0.4391	+0.059%	$38.1M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0177%	1h	0.4389	+0.021%	$190K	$979K	15x	as long as short
Aster ONDOUSDT	+0.0190%	4h	0.4391	+0.073%	$733K	$2.3M	20x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4388	0.000%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4404	+0.367%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4389	+0.023%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4389	+0.014%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.775%	$281K	$719K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4387	−0.021%	$484K	—	100x	as long as short
Lighter ONDO	+0.0864%	1h	0.4399	+0.255%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4388	+0.004%	$2K	—	20x	as long as short