Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against SoDEX−0.581%75s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.581% cheaper against SoDEX than usual: you would sell low and buy high, −$58 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ONDO-USD	0.4346	0.0100	pay 0.0013% / 1h	25m 47s	$452	$14K	10x
Short	edgeX ONDOUSDC	0.4321	0.0100	get 0.0050% / 4h	1h 25m	$5K	$315K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now −0.581%Rate

Funding earned: $0
Price spread: −0.581% → 0.000%: −$58.07
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$75.07
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 17 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 17 min ago	4.62 bp	9.6 bp −$10	17.1 bp −$171	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0146%	1h	0.4343	−0.058%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4340	−0.143%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0004%	1h	0.4335	−0.256%	$243K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.108%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4340	−0.140%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4343	−0.081%	$348K	$893K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4338	−0.184%	$778K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4337	−0.207%	$62.7M	$235.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4338	−0.184%	$68.0M	$124.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4338	−0.184%	$17.3M	$72.6M	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	0.4334	−0.267%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4340	−0.130%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4341	−0.115%	$12.5M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4338	−0.184%	$43.5M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4337	−0.207%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4335	−0.253%	$24.8M	$38.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4339	−0.161%	—	$773K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4349	+0.064%	$172K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4342	−0.098%	$667K	$1.7M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4321	−0.581%	$5K	$315K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4315	−0.711%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4322	−0.552%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4342	−0.083%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4341	−0.115%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4341	−0.115%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDlong	+0.0100%	1h	0.4346	long leg	$452	$14K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4345	−0.023%	$129K	$401K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4346	0.000%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4337	−0.212%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4341	−0.116%	$393K	$786K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4347	+0.022%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0130%	1h	0.4340	−0.131%	$36.4M	$27.3M	10x	as long as short
01 Exchange ONDOUSD	+0.0184%	1h	0.4341	−0.115%	$357	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	−0.092%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4318	−0.637%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4326	−0.460%	$3.1M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0441%	1h	0.4345	−0.023%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4327	−0.447%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4343	−0.075%	$2K	—	20x	as long as short