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: Bitget against OKX0.000%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.010%−$1 · spread now 0.000%, 7d avg +0.011%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4369	0.0100	pay 0.0050% / 4h	3h 26m	$17.1M	$72.2M	50x
Short	Bitget ONDOUSDT	0.4369	0.0100	get 0.0050% / 4h	3h 26m	$25.0M	$39.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.011%: −$1.07
Slippage, 4 orders: −$20.21
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.28
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 2 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 OKX live order book, 2 min ago	1.14 bp	11.3 bp −$11	19.7 bp −$197	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.29 bp	11.4 bp −$11	17.5 bp −$175	45.0 bp −$4,497	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	−0.0160%	1h	0.4367	−0.054%	$2.6M	$7.7M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4369	−0.007%	$247K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4368	−0.024%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.555%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4373	+0.089%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4368	−0.023%	$24K	$6K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4370	+0.018%	$63.2M	$230.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4366	−0.069%	$67.9M	$124.4M	50x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4369	long leg	$17.1M	$72.2M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4372	+0.064%	$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	0.4368	−0.030%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4368	−0.023%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4369	0.000%	$43.5M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4368	−0.023%	$12.7M	$10.5M	50x	as long as short
Bitget ONDOUSDTshort	+0.0100%	4h	0.4369	0.000%	$25.0M	$39.6M	50x
BingX ONDO-USDC	+0.0100%	4h	0.4369	0.000%	—	$760K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4369	+0.009%	$184K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4390	+0.475%	$717K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4379	+0.237%	$4K	$314K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4379	+0.229%	$411K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4390	+0.481%	$135K	$353K	50x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4370	+0.017%	$361K	$841K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4370	+0.014%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4368	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4369	0.000%	$454	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4383	+0.320%	$129K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4369	0.000%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4366	−0.061%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4368	−0.018%	$395K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4371	+0.036%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4369	−0.011%	$360	$2K	10x	as long as short
Aster ONDOUSDT	+0.0182%	4h	0.4371	+0.046%	$785K	$2.6M	20x	as long as short
Hyperliquid ONDO	+0.0227%	1h	0.4372	+0.076%	$37.6M	$24.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4390	+0.481%	$260K	$718K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4377	+0.181%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4373	+0.092%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0437%	1h	0.4370	+0.023%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0556% / S −0.0193%	1h	0.4368	−0.029%	$486K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4370	+0.015%	$2K	—	20x	as long as short