Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: HTX against Nado+0.272%7-day average +0.154% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1021.024% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 3 days (all we have)−0.316%−$32 · spread now +0.272%, 7d avg +0.154%

Together, before fees−0.341%+ Points / potential airdropNado: Active · farm board−$34 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: HTX is 0.118% dearer against Nado than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.154%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4414	0.0100	pay 0.0012% / 1h	35m 54s	$396K	$855K	10x
Short	HTX ONDO-USDT	0.4426	0.0100	get 0.0050% / 4h	2h 35m	$129K	$515K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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 NadobpFee HTXbpOrdersPrice spread, now +0.272%Rate

Funding earned: $0
Price spread: +0.272% → +0.154%: $11.78
Slippage, 4 orders: −$83.37
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$90.59
Costs to cover: 1.024%
Break-even: 3051452687891062.5 days

Slippage from Nado: live order book, 32 min ago; HTX: live order book, 33 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 Nado live order book, 32 min ago	1.31 bp	8.2 bp −$8	19.5 bp −$195	doesn't fit	doesn't fit
Sell HTX live order book, 33 min ago	35.74 bp	43.4 bp −$43	doesn't fit	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	−0.0362%	1h	0.4412	−0.037%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4401	−0.288%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4415	+0.019%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.489%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4415	+0.023%	$24K	$6K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4414	long leg	$396K	$855K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4414	0.000%	$687K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4412	−0.034%	$64.3M	$232.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4412	−0.045%	$70.1M	$125.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4412	−0.045%	$17.1M	$76.1M	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	−0.299%	$71K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4408	−0.134%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4413	−0.023%	$11.6M	$16.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4415	+0.023%	$43.7M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4414	0.000%	$13.2M	$11.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4414	0.000%	$25.0M	$40.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4412	−0.045%	—	$22.4M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4416	+0.052%	$198K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4418	+0.086%	$779K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	−0.243%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4401	−0.290%	$406K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4404	−0.227%	$135K	$371K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4418	+0.084%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4418	+0.091%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4415	+0.023%	$459	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4426	+0.272%	$129K	$515K	50x
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4407	−0.161%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4414	−0.008%	$398K	$822K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4415	+0.023%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4416	+0.045%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0240%	1h	0.4418	+0.088%	$39.0M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0328%	1h	0.4413	−0.016%	$363	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4414	0.000%	$283K	$790K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.258%	$35K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+1.291%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4415	+0.021%	$487K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4421	+0.165%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0826%	4h	0.4412	−0.045%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4416	+0.052%	$2K	—	20x	as long as short