Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against KuCoin−0.309%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.309% cheaper against KuCoin than usual: you would sell low and buy high, −$31 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4602	0.0100	pay 0.0050% / 4h	3h 23m	$14.3M	$10.9M	50x
Short	Ondo Perps ONDO-USD.P	0.4588	0.0100	get 0.0013% / 1h	23m 53s	$73K	$91K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.309%Rate

Funding earned: $0
Price spread: −0.309% → 0.000%: −$30.86
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$47.86
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 5 min ago	2.17 bp	23.4 bp −$23	47.4 bp −$474	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0867%	1h	0.4605	+0.070%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4613	+0.244%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4610	+0.174%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.739%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4610	+0.174%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4612	+0.217%	$433K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4606	+0.094%	$731K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4603	+0.021%	$69.0M	$222.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4602	0.000%	$74.3M	$119.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4602	0.000%	$17.7M	$78.6M	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.Pshort	+0.0100%	1h	0.4588	−0.309%	$73K	$91K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4610	+0.164%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4600	−0.043%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4600	−0.043%	$50.1M	$41.7M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4602	long leg	$14.3M	$10.9M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4602	0.000%	$26.1M	$39.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4602	0.000%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4605	+0.063%	$231K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4616	+0.299%	$820K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4598	−0.078%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4598	−0.087%	$431K	$970K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4595	−0.152%	$171K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4613	+0.250%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4611	+0.196%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4608	+0.130%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4615	+0.282%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4605	+0.065%	$4.5M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4612	+0.210%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4599	−0.071%	$417K	$826K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4611	+0.196%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0184%	1h	0.4612	+0.217%	$34K	$349K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4598	−0.080%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4610	+0.174%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4631	+0.630%	$300K	$827K	50x	as long as short
Hyperliquid ONDO	+0.0314%	1h	0.4607	+0.113%	$40.9M	$25.0M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4615	+0.282%	$3.3M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4610	+0.171%	$550K	—	100x	as long as short
Lighter ONDO	+0.0632%	1h	0.4616	+0.309%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4611	+0.190%	$2K	—	20x	as long as short