Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Nado−0.093%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−$66as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.093%, 7d avg +0.018%

Together, before fees−0.097%+ Points / potential airdropNado: Active · farm board−$10 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: KuCoin is 0.111% cheaper against Nado than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4298	0.0100	pay 0.0012% / 1h	57m 30s	$329K	$817K	10x
Short	KuCoin ONDOUSDTM	0.4294	0.0100	get 0.0050% / 4h	57m 30s	$12.9M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → +0.018%: −$11.13
Slippage, 4 orders: −$35.89
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$66.01
Costs to cover: 0.549%
Break-even: 6781942825680186.0 days

Slippage from Nado: live order book, 49 min ago; KuCoin: live order book, 4 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, 49 min ago	0.81 bp	9.0 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.32 bp	18.3 bp −$18	32.3 bp −$323	doesn't fit	doesn't fit

ONDO on 39 exchanges

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	−0.0259%	1h	0.4297	−0.026%	$2.5M	$6.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4296	−0.047%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4297	−0.012%	$7K	—	150x	as long as short
Bybit ONDOUSDT	+0.0024%	4h	0.4294	−0.093%	$66.7M	$113.0M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.282%	$888	$214K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4299	+0.019%	$1.1M	$2.1M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4296	−0.047%	$23K	$7K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4298	long leg	$329K	$817K	10x
Hyperliquid ONDO	+0.0100%	1h	0.4298	−0.012%	$36.2M	$26.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4298	0.000%	$760K	$2.8M	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4297	−0.023%	$62.1M	$212.9M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4298	0.000%	$17.2M	$65.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4296	−0.044%	$69K	$67K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4296	−0.038%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4295	−0.070%	$14.0M	$12.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4295	−0.070%	$43.9M	$39.1M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4294	−0.093%	$12.9M	$9.1M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4297	−0.023%	$24.8M	$31.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4295	−0.070%	—	$780K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4297	−0.028%	$180K	$976K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4300	+0.055%	$616K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4301	+0.080%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4303	+0.110%	$396K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4301	+0.070%	$85K	$350K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4299	+0.016%	$52K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4296	−0.047%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4297	−0.023%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4307	+0.209%	$106K	$442K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4295	−0.070%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4293	−0.117%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4294	−0.094%	$348K	$760K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4297	−0.023%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0112%	1h	0.4298	−0.009%	$354	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0163% / S +0.0061%	1h	0.4297	−0.035%	$272K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4305	+0.170%	$35K	$196K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0240%	1h	0.4305	+0.163%	$212K	$553K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4302	+0.093%	$3.2M	$2.8M	75x	as long as short
Reya ONDORUSDPERP	+0.1168%	1h	0.4296	−0.051%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4103%	1h	0.4296	−0.044%	$246K	$159K	5x	as long as short