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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Polymarket Perps against Nado+0.085%7-day average +0.070% · 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−$30as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.085%, 7d avg +0.070%

Together, before fees−0.012%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4552	0.0100	pay 0.0012% / 1h	50m 00s	$437K	$702K	10x
Short	Polymarket Perps ONDO-USD	0.4556	0.0100	get 0.0013% / 1h	50m 00s	$70K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.070%: $1.44
Slippage, 4 orders: −$16.16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.72
Costs to cover: 0.312%
Break-even: 3053419173860354.0 days

Slippage from Nado: live order book, 23 min ago; Polymarket Perps: live order book, 3 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, 23 min ago	0.66 bp	7.0 bp −$7	16.1 bp −$161	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.42 bp	8.0 bp −$8	8.8 bp −$88	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	−0.0878%	1h	0.4548	−0.089%	$2.7M	$8.0M	50x	as long as short
ApeX Omni ONDOUSDT	−0.0103%	1h	0.4551	−0.027%	$173K	$315K	50x	as long as short
Gate ONDO_USDT	−0.0102%	4h	0.4549	−0.071%	$11.9M	$16.5M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4550	−0.045%	$257K	$132K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4550	−0.045%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+0.346%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4547	−0.115%	$25K	$6K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4552	long leg	$437K	$702K	10x
Hyperliquid ONDO	+0.0100%	1h	0.4557	+0.100%	$40.3M	$26.0M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4552	−0.002%	$720K	$2.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4553	+0.019%	$68.1M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4552	−0.005%	$73.5M	$120.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4553	+0.016%	$17.6M	$79.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4555	+0.065%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4552	−0.009%	—	—	5x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4552	−0.005%	$48.6M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4553	+0.016%	$14.1M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4553	+0.016%	$25.7M	$40.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4551	−0.027%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4554	+0.036%	$228K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4542	−0.230%	$808K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4549	−0.082%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4553	+0.014%	$429K	$960K	10x	as long as short
Polymarket Perps ONDO-USDshort	+0.0100%	1h	0.4556	+0.085%	$70K	$1.1M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4553	+0.016%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4549	−0.071%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4558	+0.126%	$134K	$502K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4552	−0.005%	$4.5M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4550	−0.050%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4552	−0.010%	$407K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4550	−0.060%	$39K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0190%	1h	0.4549	−0.071%	$33K	$363K	25x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4556	+0.085%	$375	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4554	+0.030%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4547	−0.115%	$296K	$816K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4541	−0.247%	$3.3M	$3.2M	75x	as long as short
Lighter ONDO	+0.0472%	1h	0.4558	+0.124%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0188%	1h	0.4549	−0.065%	$544K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4553	+0.022%	$2K	—	20x	as long as short