Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against SunX−0.109%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1351.351% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.109%, 7d avg +0.004%

Together, before fees+0.074%+$7 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: MEXC is 0.114% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4567	0.0100	pay 0.0050% / 4h	44m 52s	—	$1.4M	20x
Short	MEXC ONDO_USDT	0.4562	0.0100	get 0.0050% / 4h	44m 52s	$49.5M	$43.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → +0.004%: −$11.38
Slippage, 4 orders: −$127.09
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$146.47
Costs to cover: 1.351%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; MEXC: live order book, 4 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, 9 min ago	46.78 bp	65.7 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.09 bp	2.1 bp −$2	5.5 bp −$55	15.1 bp −$1,506	89.4 bp −$44.7K

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	−0.0799%	1h	0.4562	−0.108%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.022%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4562	−0.105%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4563	−0.088%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4565	−0.044%	$430K	$705K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4565	−0.042%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4563	−0.077%	$68.3M	$227.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4563	−0.088%	$74.0M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4561	−0.131%	$17.8M	$81.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4566	−0.028%	$74K	$89K	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	0.4563	−0.090%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4560	−0.153%	$12.0M	$18.0M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4562	−0.109%	$49.5M	$43.3M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4563	−0.088%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4562	−0.109%	$25.9M	$41.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4562	−0.109%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4573	+0.130%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4575	+0.165%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4575	+0.167%	$433K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4568	+0.022%	$173K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4565	−0.048%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4567	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4563	−0.088%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4574	+0.153%	$133K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4564	−0.066%	$4.7M	$6.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4564	−0.066%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4562	−0.111%	$409K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4567	−0.005%	$44K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0182%	1h	0.4563	−0.085%	$230K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4564	−0.066%	$36K	$436K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4573	+0.142%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	+0.701%	$302K	$859K	50x	as long as short
Hyperliquid ONDO	+0.0334%	1h	0.4566	−0.013%	$40.5M	$26.8M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4566	−0.022%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0448%	1h	0.4567	+0.011%	$376	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4562	−0.119%	$545K	—	100x	as long as short
Lighter ONDO	+0.0952%	1h	0.4571	+0.096%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4563	−0.080%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6619%	1h	0.4560	−0.145%	$258K	$131K	5x	as long as short