Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Bitget−0.057%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.483%+$48 · spread now −0.057%, 7d avg +0.016%

Together, before fees+0.484%+ Points / potential airdropedgeX: Active · farm board+$48 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 0.074% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4341	0.0100	pay 0.0050% / 4h	3h 46m	$24.9M	$36.8M	50x
Short	edgeX ONDOUSDC	0.4339	0.0100	get 0.0050% / 4h	3h 46m	$5K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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 BitgetbpFee edgeXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.016%: −$7.37
Slippage, 4 orders: −$17.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$45.87
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, 51 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 Bitget live order book, 2 min ago	1.15 bp	10.7 bp −$11	17.7 bp −$177	61.2 bp −$6,119	doesn't fit
Sell edgeX live order book, 51 min ago	4.63 bp	9.3 bp −$9	16.3 bp −$163	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	−0.0176%	1h	0.4341	+0.003%	$2.5M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4342	+0.023%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4342	+0.023%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.229%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4346	+0.120%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4344	+0.081%	$347K	$890K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4343	+0.046%	$762K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4342	+0.017%	$63.4M	$233.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4341	0.000%	$68.5M	$121.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4342	+0.023%	$17.4M	$72.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4337	−0.097%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4339	−0.050%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4340	−0.023%	$13.2M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4342	+0.023%	$44.5M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4340	−0.023%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4341	long leg	$24.9M	$36.8M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4340	−0.023%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4343	+0.039%	$181K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4339	−0.051%	$680K	$1.8M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4339	−0.057%	$5K	$317K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4336	−0.115%	$401K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4341	0.000%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4343	+0.035%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4341	0.000%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4341	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4343	+0.046%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4349	+0.184%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4342	+0.023%	$4.2M	$9.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4342	+0.021%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4339	−0.038%	$366K	$829K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4344	+0.065%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4346	+0.115%	$215K	$734K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4338	−0.078%	$35K	$218K	10x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4346	+0.113%	$358	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4344	+0.069%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0574% / S −0.0203%	1h	0.4340	−0.029%	$496K	—	100x	as long as short
Hyperliquid ONDO	+0.0639%	1h	0.4346	+0.122%	$36.7M	$27.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4342	+0.029%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1796%	1h	0.4340	−0.035%	$244K	$155K	5x	as long as short