Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.049%

Price spread now: 01 Exchange against Bybit+0.084%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on 01 Exchange

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

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and 01 Exchange is 0.084% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ONDOUSDT	0.4306	0.0041	pay 0.0021% / 4h	1h 06m	$66.6M	$113.8M	50x
Short	01 Exchange ONDOUSD	0.4310	0.0056	get 0.0007% / 1h	6m 32s	$355	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Bybit. 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 BybitbpFee 01 ExchangebpOrdersPrice spread, now +0.084%Rate

Funding earned: $3.14
Price spread: +0.084% → 0.000%: $8.36
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$6.5
Costs to cover: 0.180%
Break-even: 21.5 days

Slippage unknown: Bybit: live order book, 6 min ago; 01 Exchange: no order-book sample. 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 Bybit live order book, 6 min ago	1.16 bp	6.7 bp −$7	11.0 bp −$110	37.5 bp −$3,750	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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	−0.0327%	1h	0.4302	−0.103%	$2.5M	$6.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4302	−0.093%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4302	−0.104%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.085%	$888	$215K	5.5x	as long as short
Bybit ONDOUSDTlong	+0.0041%	4h	0.4306	long leg	$66.6M	$113.8M	50x
01 Exchange ONDOUSDshort	+0.0056%	1h	0.4310	+0.084%	$355	$2K	10x
Lighter ONDO	+0.0096%	1h	0.4309	+0.081%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4300	−0.139%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4306	+0.012%	$332K	$817K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4309	+0.072%	$36.3M	$26.3M	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDT	+0.0100%	4h	0.4308	+0.048%	$762K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4307	+0.028%	$62.2M	$214.3M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4307	+0.023%	$17.2M	$66.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4291	−0.358%	$69K	$67K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4306	+0.008%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4304	−0.046%	$14.0M	$13.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4305	−0.023%	$43.7M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4306	0.000%	$13.0M	$9.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4305	−0.023%	$24.9M	$31.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4304	−0.046%	—	$23.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4302	−0.084%	$180K	$977K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4289	−0.384%	$616K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4300	−0.146%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4302	−0.089%	$405K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4300	−0.139%	$86K	$350K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4304	−0.039%	$55K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4303	−0.070%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4303	−0.070%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4307	+0.023%	$106K	$444K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4302	−0.093%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4304	−0.051%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4303	−0.067%	$348K	$761K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4304	−0.058%	$37K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0166% / S +0.0191%	1h	0.4302	−0.094%	$328K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4302	−0.093%	$35K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4305	−0.023%	$212K	$558K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4301	−0.116%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1167%	1h	0.4302	−0.092%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3738%	1h	0.4304	−0.049%	$246K	$160K	5x	as long as short