Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.023%

Price spread now: BloFin against 01 Exchange−0.005%98s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 98 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	01 Exchange ONDOUSD	0.4307	0.0128	pay 0.0016% / 1h	47m 40s	$354	$2K	10x
Short	BloFin ONDO-USDT	0.4307	0.0340	get 0.0170% / 4h	1h 47m	$3.2M	$2.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against 01 Exchange. 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 01 ExchangebpFee BloFinbpOrdersPrice spread, now −0.005%Rate

Funding earned: $44.52
Price spread: −0.005% → 0.000%: −$0.46
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $25.06
Costs to cover: 0.190%
Break-even: 3.1 days

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	1.16 bp	13.0 bp −$13	15.7 bp −$157	37.9 bp −$3,790	109.8 bp −$54.9K

01 Exchange: 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 exchanges

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	−0.0326%	1h	0.4308	+0.024%	$2.5M	$7.1M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4308	+0.019%	$21K	$365K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4307	−0.011%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.055%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4313	+0.139%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4306	−0.028%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4308	+0.007%	$336K	$820K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4309	+0.044%	$767K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4307	−0.008%	$62.7M	$221.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4305	−0.051%	$67.3M	$116.4M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4308	+0.019%	$17.3M	$66.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4309	+0.033%	$69K	$76K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4305	−0.041%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4307	−0.005%	$13.7M	$13.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4309	+0.042%	$45.9M	$40.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4308	+0.019%	$13.0M	$9.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4309	+0.042%	$25.1M	$33.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4308	+0.019%	—	$782K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4310	+0.063%	$179K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4307	+0.005%	$787K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4311	+0.095%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4322	+0.344%	$399K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4313	+0.135%	$133K	$318K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4309	+0.037%	$60K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4307	−0.005%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4309	+0.042%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4313	+0.135%	$105K	$478K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4309	+0.042%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4308	+0.013%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4306	−0.032%	$350K	$782K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4308	+0.007%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSDlong	+0.0128%	1h	0.4307	long leg	$354	$2K	10x
Hyperliquid ONDO	+0.0150%	1h	0.4311	+0.086%	$36.2M	$26.7M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0182% / S +0.0252%	1h	0.4308	+0.019%	$363K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4316	+0.195%	$35K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4300	−0.167%	$213K	$606K	50x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4307	−0.005%	$3.2M	$2.9M	75x
Reya ONDORUSDPERP	+0.1166%	1h	0.4311	+0.080%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3780%	1h	0.4305	−0.054%	$246K	$159K	5x	as long as short