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 −0.003%

Price spread now: Gate against Bitget−0.046%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.046%, 7d avg −0.019%

Together, before fees+0.049%+$5 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: Gate is 0.027% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4328	0.0100	pay 0.0050% / 4h	3h 57m	$24.7M	$36.8M	50x
Short	Gate ONDO_USDT	0.4326	0.0100	get 0.0050% / 4h	3h 57m	$13.1M	$15.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.019%: −$2.72
Slippage, 4 orders: −$25.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.96
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	2.31 bp	9.9 bp −$10	16.8 bp −$168	55.5 bp −$5,547	doesn't fit
Sell Gate live order book, 1 min ago	1.15 bp	15.8 bp −$16	29.9 bp −$299	43.7 bp −$4,373	75.4 bp −$37.7K

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
Phemex ONDOUSDT	−0.1518%	4h	0.4325	−0.069%	$4.2M	$9.0M	50x	as long as short
Kraken Futures PF_ONDOUSD	−0.0177%	1h	0.4327	−0.014%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4327	−0.023%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.545%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4330	+0.037%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4331	+0.069%	$346K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4328	0.000%	$763K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4328	−0.008%	$63.2M	$234.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4327	−0.023%	$68.3M	$122.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4331	+0.069%	$17.3M	$72.0M	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	0.4318	−0.243%	$71K	$80K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4330	+0.044%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4326	−0.046%	$13.1M	$15.0M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4326	−0.046%	$44.2M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4328	0.000%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4328	long leg	$24.7M	$36.8M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4326	−0.046%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4326	−0.037%	$176K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−0.094%	$679K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	−0.165%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4326	−0.046%	$400K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4317	−0.254%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4330	+0.058%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4328	0.000%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4330	+0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4329	+0.023%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4338	+0.231%	$129K	$369K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4330	+0.041%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4329	+0.032%	$367K	$826K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4330	+0.046%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4330	+0.046%	$18K	$351K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4332	+0.092%	$214K	$734K	50x	as long as short
01 Exchange ONDOUSD	+0.0296%	1h	0.4333	+0.111%	$357	$2K	10x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4324	−0.085%	$35K	$217K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4322	−0.139%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0551%	1h	0.4332	+0.085%	$36.6M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4326	−0.047%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4329	+0.013%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1982%	1h	0.4329	+0.018%	$243K	$155K	5x	as long as short