Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against SunX−0.039%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1491.486% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.039%, 7d avg −0.037%

Together, before fees+0.064%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4354	0.0100	pay 0.0050% / 4h	3h 23m	—	$1.4M	20x
Short	Extended ONDO-USD	0.4352	0.0104	get 0.0013% / 1h	23m 04s	$393K	$796K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0.84
Price spread: −0.039% → −0.037%: −$0.22
Slippage, 4 orders: −$135.56
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$147.95
Costs to cover: 1.486%
Break-even: 1239.9 days

Slippage from SunX: live order book, 11 min ago; Extended: live order book, 30 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, 11 min ago	46.85 bp	67.1 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 30 min ago	3.40 bp	6.0 bp −$6	15.3 bp −$153	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	−0.0161%	1h	0.4351	−0.064%	$2.6M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4352	−0.049%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.915%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4358	+0.090%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4353	−0.023%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4353	−0.023%	$359K	$841K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4353	−0.022%	$62.9M	$230.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4350	−0.092%	$67.7M	$124.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4351	−0.069%	$17.0M	$72.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4363	+0.214%	$72K	$83K	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	0.4352	−0.041%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4351	−0.069%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4352	−0.046%	$43.1M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4353	−0.023%	$12.6M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4352	−0.046%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4352	−0.046%	—	$759K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4354	−0.009%	$183K	$980K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4364	+0.223%	$713K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4369	+0.341%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4364	+0.220%	$406K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4368	+0.322%	$135K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4353	−0.028%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4354	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4354	0.000%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4360	+0.138%	$129K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4356	+0.046%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4353	−0.032%	$6K	—	10x	as long as short
Extended ONDO-USDshort	+0.0104%	1h	0.4352	−0.039%	$393K	$796K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4355	+0.027%	$38K	$13K	3x	as long as short
dYdX ONDO-USD	+0.0116%	1h	0.4352	−0.035%	$246K	$129K	5x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4354	−0.002%	$358	$2K	10x	as long as short
Aster ONDOUSDT	+0.0166%	4h	0.4353	−0.016%	$786K	$2.6M	20x	as long as short
Hyperliquid ONDO	+0.0199%	1h	0.4355	+0.025%	$37.4M	$24.4M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0210%	1h	0.4354	0.000%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4368	+0.322%	$248K	$725K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4368	+0.315%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4357	+0.069%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0555% / S −0.0193%	1h	0.4352	−0.056%	$484K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4353	−0.025%	$2K	—	20x	as long as short