Settings8H · net · $10k
Funding arb · Price arb /

ONDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h −0.042%
Price spread now: Deribit against 01 Exchange−0.011%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds 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: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange ONDOUSD0.43800.0208pay 0.0026% / 1h14m 32s$360$2K10x
ShortDeribit ONDO_USDC-PERPETUAL0.43790.0436get 0.0055% / 1h14m 32s$18K$367K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
$47.88
Price spread: −0.011% → 0.000%
−$1.14
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$32.74
Costs to cover
0.140%
Break-even
2.2 days
Slippage unknown: 01 Exchange: no order-book sample; Deribit: live order book, 44 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell Deribit live order book, 44 min ago9.14 bp12.6 bp −$13doesn't fitdoesn't fitdoesn't fit
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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0011%1h0.4376−0.083%$7K150xas long as short
Kraken Futures PF_ONDOUSD+0.0033%1h0.4375−0.096%$2.6M$7.8M50xas long as short
Injective ONDO/USDC PERP+0.0033%1h0.4568+4.304%$888$216K5.5xas long as short
Lighter ONDO+0.0096%1h0.4381+0.046%$1.1M$2.4M10xas long as short
Orderly PERP_ONDO_USDC+0.0100%4h0.4377−0.057%$24K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h0.4378−0.034%$362K$846K10xas long as short
Hyperliquid ONDO+0.0100%1h0.4382+0.059%$37.7M$24.8M10xas long as short
Binance ONDOUSDT+0.0100%4h0.4380+0.020%$63.3M$231.0M75xas long as short
Bybit ONDOUSDT+0.0100%4h0.4378−0.034%$67.6M$126.3M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.4379−0.011%$17.0M$73.1M50xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps ONDO-USD.P+0.0100%1h0.4385+0.130%$72K$84K10xas long as short
RISEx ONDO/USDC+0.0100%1h0.4377−0.054%5xas long as short
Gate ONDO_USDT+0.0100%4h0.4377−0.057%$11.5M$16.4M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.4379−0.011%$44.4M$42.0M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4378−0.034%$12.7M$10.7M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.4379−0.011%$25.1M$39.9M50xas long as short
BingX ONDO-USDT+0.0100%4h0.4378−0.034%$21.9Mas long as short
Backpack ONDO_USDC_PERP+0.0100%1h0.4377−0.066%$186K$983K15xas long as short
Variational Omni ONDO+0.0100%4h0.4377−0.063%$710K$1.7Mas long as short
edgeX ONDOUSDC+0.0100%4h0.4379−0.011%$4K$318K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4381+0.034%$409K$1.1M10xas long as short
ApeX Omni ONDOUSDT+0.0100%1h0.4376−0.080%$135K$354K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h0.4378−0.025%$68K$1.4M10xas long as short
SunX ONDO-USDT+0.0100%4h0.4378−0.034%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4377−0.057%$455$13K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4386+0.148%$127K$430K50xas long as short
Phemex ONDOUSDT+0.0100%4h0.4377−0.057%$4.2M$7.8M50xas long as short
Paradex ONDO-USD-PERP+0.0102%8h0.4377−0.056%$6K10xas long as short
Extended ONDO-USD+0.0104%1h0.4378−0.045%$395K$798K25xas long as short
Aevo ONDO-PERP+0.0104%1h0.4380+0.023%$38K$13K3xas long as short
01 Exchange ONDOUSDlong+0.0208%1h0.4380long leg$360$2K10x
Aster ONDOUSDT+0.0215%4h0.4380+0.002%$757K$2.5M20xas long as short
dYdX ONDO-USD+0.0263%1h0.4376−0.069%$248K$129K5xas long as short
Coinbase International ONDO-PERP-INTX+0.0328%1h0.4379−0.011%$271K$727K50xas long as short
BloFin ONDO-USDT+0.0340%4h0.4378−0.034%$3.1M$3.0M75xas long as short
Phoenix ONDO+0.0365%1h0.4382+0.066%$35K$223K10xas long as short
Deribit ONDO_USDC-PERPETUALshort+0.0436%1h0.4379−0.011%$18K$367K25x
GMX ONDO/USD [ETH-USDC]L +0.0606% / S −0.0219%1h0.4376−0.077%$520K100xas long as short
Reya ONDORUSDPERP+0.1152%1h0.4378−0.040%$2K20xas long as short