Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against KuCoin−0.035%7-day average −0.018% · 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−$52as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.704%+$70 · spread now −0.035%, 7d avg −0.018%

Together, before fees+0.732%+ Points / potential airdropNado: Active · farm board+$73 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4321	0.0100	pay 0.0050% / 4h	7m 22s	$12.1M	$10.4M	50x
Short	Nado ONDO-PERP	0.4319	0.0100	get 0.0012% / 1h	7m 22s	$345K	$886K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.018%: −$1.69
Slippage, 4 orders: −$30.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$51.53
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Nado: live order book, 31 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, 1 min ago	1.16 bp	15.8 bp −$16	46.0 bp −$460	doesn't fit	doesn't fit
Sell Nado live order book, 31 min ago	0.35 bp	9.0 bp −$9	19.3 bp −$193	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	−0.0176%	1h	0.4323	+0.042%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4318	−0.065%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.716%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4328	+0.171%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4319	−0.035%	$345K	$886K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4324	+0.065%	$764K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4322	+0.015%	$63.1M	$234.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4322	+0.023%	$68.1M	$122.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4325	+0.093%	$17.3M	$71.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4314	−0.155%	$71K	$80K	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	0.4321	−0.001%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4320	−0.023%	$13.0M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4320	−0.023%	$44.0M	$42.6M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4321	long leg	$12.1M	$10.4M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4324	+0.069%	$24.7M	$36.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4323	+0.046%	—	$776K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4319	−0.046%	$175K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4316	−0.117%	$678K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4316	−0.107%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4318	−0.070%	$403K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4315	−0.139%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4324	+0.069%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4322	+0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4320	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4325	+0.093%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4332	+0.255%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4322	+0.023%	$4.2M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4314	−0.169%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4324	+0.069%	$360K	$818K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4326	+0.114%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4326	+0.116%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4324	+0.069%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4325	+0.093%	$214K	$733K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4323	+0.035%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4319	−0.046%	$3.1M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0402%	1h	0.4328	+0.161%	$36.6M	$27.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4320	−0.032%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4322	+0.032%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1710%	1h	0.4318	−0.059%	$242K	$155K	5x	as long as short