Funding arb · Price arb /

ONDO

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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: edgeX against SunX+0.041%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1591.589% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.041%, 7d avg +0.011%

Together, before fees−0.199%+ Points / potential airdropedgeX: Active · farm board−$20 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: edgeX is 0.030% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4322	0.0100	pay 0.0050% / 4h	1h 00m	—	$1.4M	20x
Short	edgeX ONDOUSDC	0.4324	0.0100	get 0.0050% / 4h	1h 00m	$5K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.011%: $3
Slippage, 4 orders: −$141.91
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$155.91
Costs to cover: 1.589%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; edgeX: live order book, 42 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 SunX live order book, 4 min ago	47.37 bp	70.0 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 42 min ago	4.62 bp	9.6 bp −$10	17.1 bp −$171	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	−0.0146%	1h	0.4319	−0.074%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4319	−0.073%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.692%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4323	+0.025%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4321	−0.012%	$347K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4321	−0.023%	$777K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4319	−0.058%	$62.5M	$233.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4318	−0.093%	$67.7M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4321	−0.023%	$17.2M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4328	+0.127%	$71K	$81K	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	0.4321	−0.016%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4319	−0.069%	$12.7M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4319	−0.069%	$43.3M	$43.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4319	−0.069%	$11.9M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4321	−0.023%	$24.6M	$36.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4320	−0.046%	—	$770K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4321	−0.016%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4318	−0.098%	$728K	$1.8M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4324	+0.041%	$5K	$317K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4323	+0.022%	$401K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4326	+0.093%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4321	−0.032%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4319	−0.069%	$23K	$6K	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4322	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4321	−0.023%	$449	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4328	+0.139%	$128K	$395K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4322	0.000%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4320	−0.056%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4321	−0.016%	$356K	$810K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4322	+0.003%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4324	+0.035%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4328	+0.139%	$214K	$731K	50x	as long as short
Hyperliquid ONDO	+0.0274%	1h	0.4323	+0.019%	$36.4M	$27.1M	10x	as long as short
dYdX ONDO-USD	+0.0282%	1h	0.4320	−0.054%	$242K	$156K	5x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4326	+0.095%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4322	0.000%	$3.1M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0445%	1h	0.4322	0.000%	$18K	$351K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4319	−0.075%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1159%	1h	0.4320	−0.047%	$2K	—	20x	as long as short