Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.023%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.023%, 7d avg −0.029%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4416	0.0100	pay 0.0050% / 4h	2h 34m	$13.2M	$11.2M	50x
Short	MEXC ONDO_USDT	0.4415	0.0100	get 0.0050% / 4h	2h 34m	$43.7M	$42.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.029%: $0.65
Slippage, 4 orders: −$17.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.33
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; MEXC: live order book, 4 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, 9 min ago	1.13 bp	7.1 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.14 bp	3.2 bp −$3	7.9 bp −$79	37.0 bp −$3,702	137.0 bp −$68.5K

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	+0.041%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4409	−0.152%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4417	+0.024%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.442%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4420	+0.091%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4412	−0.091%	$395K	$855K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4420	+0.091%	$688K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4419	+0.077%	$64.4M	$232.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4418	+0.045%	$70.2M	$125.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4420	+0.091%	$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	−0.344%	$71K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4411	−0.106%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4416	0.000%	$11.6M	$16.3M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4415	−0.023%	$43.7M	$42.7M	200x
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4416	long leg	$13.2M	$11.2M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4419	+0.068%	$25.0M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4417	+0.023%	—	$762K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4421	+0.125%	$202K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4418	+0.041%	$779K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	−0.288%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4401	−0.335%	$406K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4413	−0.068%	$136K	$371K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4414	−0.036%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4418	+0.045%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4421	+0.113%	$460	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4427	+0.249%	$129K	$515K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4411	−0.121%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4417	+0.014%	$398K	$822K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4421	+0.105%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4421	+0.113%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0245%	1h	0.4423	+0.163%	$39.0M	$25.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4414	−0.045%	$283K	$790K	50x	as long as short
01 Exchange ONDOUSD	+0.0336%	1h	0.4416	+0.005%	$363	$2K	10x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4418	+0.038%	$35K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+1.245%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4416	−0.010%	$487K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4427	+0.242%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0786%	4h	0.4421	+0.113%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4412	−0.084%	$2K	—	20x	as long as short