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 0.000%

Price spread now: Bitget against HTX−0.185%7-day average −0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$820.819% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.185%, 7d avg −0.148%

Together, before fees+0.175%+$17 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: Bitget is 0.038% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4316	0.0100	pay 0.0050% / 4h	1h 31m	$128K	$403K	50x
Short	Bitget ONDOUSDT	0.4308	0.0100	get 0.0050% / 4h	1h 31m	$24.7M	$39.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → −0.148%: −$3.77
Slippage, 4 orders: −$57.88
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$85.65
Costs to cover: 0.819%
Break-even: never at this rate

Slippage from HTX: live order book, 12 min ago; Bitget: live order book, 2 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 HTX live order book, 12 min ago	13.82 bp	37.8 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.32 bp	10.8 bp −$11	17.0 bp −$170	59.0 bp −$5,897	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	−0.0147%	1h	0.4307	−0.208%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4307	−0.209%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0005%	1h	0.4313	−0.066%	$242K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.839%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4312	−0.097%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4306	−0.232%	$345K	$899K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4311	−0.116%	$772K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4310	−0.139%	$62.4M	$236.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4310	−0.139%	$67.4M	$124.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4311	−0.116%	$17.1M	$72.5M	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	0.4318	+0.039%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4307	−0.198%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4308	−0.185%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4309	−0.162%	$42.8M	$42.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4308	−0.185%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDTshort	+0.0100%	4h	0.4308	−0.185%	$24.7M	$39.1M	50x
BingX ONDO-USDC	+0.0100%	4h	0.4309	−0.162%	—	$773K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4308	−0.181%	$171K	$996K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4310	−0.145%	$640K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	+0.109%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4316	+0.007%	$406K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4321	+0.116%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4310	−0.146%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4307	−0.209%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4316	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4309	−0.162%	$448	$14K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4316	long leg	$128K	$403K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4310	−0.139%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4308	−0.182%	$6K	—	10x	as long as short
Hyperliquid ONDO	+0.0104%	1h	0.4312	−0.100%	$36.1M	$27.2M	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4308	−0.186%	$391K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4310	−0.139%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4311	−0.114%	$355	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0214%	1h	0.4309	−0.162%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	+0.255%	$214K	$726K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4316	+0.002%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4321	+0.116%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4307	−0.210%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4308	−0.191%	$2K	—	20x	as long as short