Funding arb · Price arb /

ONDO

all ONDO markets

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: edgeX against MEXC−0.107%53s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.217% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.386%+$39 · spread now −0.107%, 7d avg +0.020%

Together, before fees+0.387%+ Points / potential airdropedgeX: Active · farm board+$39 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: edgeX is 0.127% cheaper against MEXC than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4383	0.0100	pay 0.0050% / 4h	12m 32s	$44.4M	$42.0M	200x
Short	edgeX ONDOUSDC	0.4378	0.0100	get 0.0050% / 4h	12m 32s	$4K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against MEXC. 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 MEXCbpFee edgeXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → +0.020%: −$12.73
Slippage, 4 orders: −$12.74
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$34.47
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; edgeX: live order book, 46 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 MEXC live order book, 1 min ago	1.14 bp	1.1 bp −$1	5.1 bp −$51	18.1 bp −$1,814	98.9 bp −$49.5K
Sell edgeX live order book, 46 min ago	4.59 bp	9.1 bp −$9	15.3 bp −$153	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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4385	+0.041%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4386	+0.058%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.221%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4386	+0.071%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4386	+0.068%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4383	−0.006%	$362K	$849K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4383	0.000%	$63.3M	$231.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4380	−0.068%	$67.7M	$126.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4383	0.000%	$17.1M	$73.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4379	−0.091%	$72K	$84K	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	0.4381	−0.040%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4381	−0.046%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4383	long leg	$44.4M	$42.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4382	−0.023%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4383	0.000%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4382	−0.023%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4387	+0.087%	$186K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4377	−0.143%	$710K	$1.7M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4378	−0.107%	$4K	$318K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4378	−0.113%	$408K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4378	−0.114%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4385	+0.050%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4389	+0.137%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4388	+0.114%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4394	+0.251%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4388	+0.114%	$4.2M	$7.8M	50x	as long as short
Hyperliquid ONDO	+0.0101%	1h	0.4386	+0.075%	$37.7M	$24.8M	10x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4382	−0.024%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4382	−0.016%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.160%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4384	+0.023%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0217%	4h	0.4384	+0.023%	$758K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0251%	1h	0.4381	−0.041%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4389	+0.137%	$272K	$729K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4387	+0.091%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4382	−0.016%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4389	+0.137%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4384	+0.029%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4387	+0.085%	$2K	—	20x	as long as short