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

ONDO

all ONDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0256%/8h= −28.0% APRnext payment $0.32 per $10,000 · paid last 24h −0.128%
Price spread now: Aevo against Coinbase International−0.735%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aevo is 0.735% cheaper against Coinbase International than usual: you would sell low and buy high (−$73 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ONDO-PERP-INTX0.44220.0360pay 0.0045% / 1h56m 49s$284K$706K50x
ShortAevo ONDO-PERP0.43900.0104get 0.0013% / 1h56m 49s$38K$13K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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
−$53.76
Price spread: −0.735% → 0.000%
−$73.5
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$153.26
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 6 min ago; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 6 min ago7.95 bp30.3 bp −$3080.4 bp −$804doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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 38 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
dYdX ONDO-USD0.0000%1h0.4386−0.811%$248K$130K5xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0008%1h0.4384−0.859%$6K150xas long as short
Injective ONDO/USDC PERP+0.0033%1h0.4568+3.302%$888$216K5.5xas long as short
Kraken Futures PF_ONDOUSD+0.0061%1h0.4385−0.843%$2.6M$8.2M50xas long as short
Orderly PERP_ONDO_USDC+0.0099%4h0.4385−0.837%$24K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h0.4383−0.882%$375K$831K10xas long as short
Aster ONDOUSDT+0.0100%4h0.4391−0.702%$661K$2.2M20xas long as short
Binance ONDOUSDT+0.0100%4h0.4402−0.463%$63.9M$225.6M75xas long as short
Bybit ONDOUSDT+0.0100%4h0.4404−0.407%$69.7M$121.9M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.4405−0.384%$17.0M$72.3M50xas long as short
Show all 38 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps ONDO-USD.P+0.0100%1h0.4420−0.050%$72K$87K10xas long as short
RISEx ONDO/USDC+0.0100%1h0.4383−0.875%5xas long as short
Gate ONDO_USDT+0.0100%4h0.4395−0.611%$11.6M$15.9M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.4399−0.520%$46.5M$40.9M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4394−0.633%$13.0M$10.8M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.4404−0.407%$25.1M$39.3M50xas long as short
BingX ONDO-USDC+0.0100%4h0.4401−0.475%$760Kas long as short
Variational Omni ONDO+0.0100%4h0.4416−0.142%$766K$1.8Mas long as short
edgeX ONDOUSDC+0.0100%4h0.4415−0.157%$5K$320K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4403−0.423%$406K$978K10xas long as short
ApeX Omni ONDOUSDT+0.0100%1h0.4405−0.384%$135K$354K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h0.4385−0.832%$78K$1.3M10xas long as short
SunX ONDO-USDT+0.0100%4h0.4386−0.814%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4386−0.814%$456$13K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4394−0.633%$129K$486K50xas long as short
Paradex ONDO-USD-PERP+0.0103%8h0.4382−0.896%$6K10xas long as short
Extended ONDO-USD+0.0104%1h0.4394−0.622%$396K$786K25xas long as short
Aevo ONDO-PERPshort+0.0104%1h0.4390−0.735%$38K$13K3x
Backpack ONDO_USDC_PERP+0.0105%1h0.4390−0.719%$191K$989K15xas long as short
Hyperliquid ONDO+0.0136%1h0.4408−0.317%$38.6M$24.2M10xas long as short
Deribit ONDO_USDC-PERPETUAL+0.0206%1h0.4385−0.837%$23K$349K25xas long as short
Phemex ONDOUSDT+0.0241%4h0.4387−0.791%$4.2M$7.5M50xas long as short
Phoenix ONDO+0.0338%1h0.4418−0.081%$35K$214K10xas long as short
Coinbase International ONDO-PERP-INTXlong+0.0360%1h0.4422long leg$284K$706K50x
01 Exchange ONDOUSD+0.0376%1h0.4388−0.778%$361$2K10xas long as short
Lighter ONDO+0.0480%1h0.4394−0.642%$1.4M$2.1M10xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0549% / S −0.0190%1h0.4383−0.871%$483K100xas long as short
Reya ONDORUSDPERP+0.1148%1h0.4383−0.882%$2K20xas long as short