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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against MEXC0.000%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 7 days−0.024%−$2 · spread now 0.000%, 7d avg −0.010%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4307	0.0100	pay 0.0050% / 4h	2h 23m	$42.6M	$42.4M	200x
Short	OKX ONDO-USDT-SWAP	0.4307	0.0100	get 0.0050% / 4h	2h 23m	$17.1M	$73.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.010%: $0.96
Slippage, 4 orders: −$12.7
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.73
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	1.16 bp	2.7 bp −$3	6.8 bp −$68	20.2 bp −$2,022	116.5 bp −$58.3K
Sell OKX live order book, 5 min ago	1.16 bp	8.1 bp −$8	18.8 bp −$188	124.9 bp −$12.5K	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	−0.0242%	1h	0.4308	+0.034%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4306	−0.025%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0014%	1h	0.4305	−0.043%	$242K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.060%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4309	+0.046%	$1.1M	$2.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0096%	1h	0.4306	−0.021%	$354	$2K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4307	0.000%	$347K	$882K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4308	+0.033%	$35.9M	$26.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4308	+0.023%	$770K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4308	+0.024%	$62.0M	$236.5M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4306	−0.023%	$67.2M	$126.0M	50x	as long as short
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4307	0.000%	$17.1M	$73.1M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4298	−0.218%	$70K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4304	−0.073%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4304	−0.070%	$12.1M	$16.5M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4307	long leg	$42.6M	$42.4M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4305	−0.046%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4306	−0.023%	$24.7M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4304	−0.070%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4309	+0.039%	$176K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4294	−0.307%	$648K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4298	−0.198%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4298	−0.213%	$396K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4301	−0.139%	$133K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4308	+0.028%	$67K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4308	+0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4311	+0.093%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4311	+0.093%	$448	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4319	+0.279%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4311	+0.093%	$4.1M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4305	−0.056%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4302	−0.115%	$387K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4311	+0.084%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4308	+0.023%	$216K	$757K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4301	−0.149%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4301	−0.139%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4305	−0.052%	$484K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0679%	1h	0.4311	+0.093%	$18K	$362K	25x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4307	0.000%	$2K	—	20x	as long as short