Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Polymarket Perps+0.033%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1541.539% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.033%, 7d avg −0.068%

Together, before fees−0.157%−$16 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: SunX is 0.101% dearer against Polymarket Perps than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4553	0.0100	pay 0.0013% / 1h	45m 24s	$81K	$1.1M	10x
Short	SunX ONDO-USDT	0.4555	0.0100	get 0.0050% / 4h	1h 45m	—	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Polymarket Perps. 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 Polymarket PerpsbpFee SunXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.068%: $10.08
Slippage, 4 orders: −$137.85
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$143.77
Costs to cover: 1.539%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; SunX: live order book, 9 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 Polymarket Perps live order book, 3 min ago	3.09 bp	7.1 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	47.59 bp	70.1 bp −$70	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	−0.0354%	1h	0.4545	−0.185%	$2.8M	$8.0M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4550	−0.067%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4552	−0.033%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4552	−0.038%	$427K	$680K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4553	−0.004%	$763K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4552	−0.027%	$67.0M	$219.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4551	−0.055%	$73.8M	$117.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4554	+0.011%	$17.7M	$80.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4543	−0.220%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4550	−0.074%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4553	−0.011%	$11.9M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4553	−0.011%	$48.0M	$44.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4550	−0.077%	$13.5M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4554	+0.011%	$25.7M	$41.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4552	−0.033%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4547	−0.134%	$196K	$971K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4533	−0.449%	$797K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4533	−0.447%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4530	−0.514%	$419K	$941K	10x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4553	long leg	$81K	$1.1M	10x
SunX ONDO-USDTshort	+0.0100%	4h	0.4555	+0.033%	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4548	−0.121%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4547	−0.143%	$130K	$509K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4544	−0.209%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4551	−0.058%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4550	−0.079%	$403K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4556	+0.063%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4521	−0.714%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4503	−1.109%	$1K	$181K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4550	−0.077%	$301K	$853K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4529	−0.538%	$3.2M	$3.1M	75x	as long as short
ApeX Omni ONDOUSDT	+0.0343%	1h	0.4538	−0.340%	$160K	$333K	50x	as long as short
01 Exchange ONDOUSD	+0.0400%	1h	0.4555	+0.035%	$375	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0409%	1h	0.4556	+0.055%	$19K	$364K	25x	as long as short
Hyperliquid ONDO	+0.0520%	1h	0.4555	+0.035%	$40.7M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0191%	1h	0.4552	−0.039%	$548K	—	100x	as long as short
Lighter ONDO	+0.0608%	1h	0.4555	+0.037%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4554	+0.013%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1227%	1h	0.4545	−0.197%	$257K	$130K	5x	as long as short