Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin−0.136%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.893%+$89 · spread now −0.136%, 7d avg +0.033%

Together, before fees+0.892%+$89 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: ApeX Omni is 0.168% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4419	0.0100	pay 0.0050% / 4h	2h 35m	$13.2M	$11.2M	50x
Short	ApeX Omni ONDOUSDT	0.4413	0.0100	get 0.0013% / 1h	35m 19s	$136K	$371K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → +0.033%: −$16.83
Slippage, 4 orders: −$24.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$62.98
Costs to cover: 0.461%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; ApeX Omni: live order book, 32 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 KuCoin live order book, 8 min ago	1.13 bp	7.1 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	3.27 bp	10.0 bp −$10	27.0 bp −$270	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	−0.0361%	1h	0.4418	−0.027%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4409	−0.220%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4417	−0.044%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.372%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4420	+0.023%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4412	−0.158%	$395K	$855K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4418	−0.023%	$688K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4420	+0.023%	$64.4M	$232.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4419	0.000%	$70.2M	$125.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4419	0.000%	$17.1M	$76.2M	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	0.4401	−0.412%	$71K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4411	−0.173%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4414	−0.113%	$11.6M	$16.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4420	+0.023%	$43.7M	$42.7M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4419	long leg	$13.2M	$11.2M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4420	+0.023%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4416	−0.068%	—	$762K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4416	−0.061%	$198K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4418	−0.027%	$779K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	−0.356%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4401	−0.402%	$406K	$962K	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4413	−0.136%	$136K	$371K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4414	−0.104%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4418	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4421	+0.045%	$460	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4427	+0.181%	$129K	$515K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4411	−0.189%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4419	+0.008%	$398K	$822K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4421	+0.037%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4421	+0.045%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0240%	1h	0.4417	−0.054%	$39.0M	$25.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4414	−0.113%	$283K	$790K	50x	as long as short
01 Exchange ONDOUSD	+0.0336%	1h	0.4416	−0.063%	$363	$2K	10x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4418	−0.029%	$35K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+1.177%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4416	−0.078%	$487K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4427	+0.174%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0786%	4h	0.4421	+0.045%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4412	−0.152%	$2K	—	20x	as long as short