Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against edgeX−0.473%75s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.473% cheaper against edgeX than usual: you would sell low and buy high, −$47 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4378	0.0100	pay 0.0050% / 4h	38m 26s	$4K	$315K	20x
Short	SoDEX ONDO-USD	0.4357	0.0100	get 0.0013% / 1h	38m 26s	$453	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against edgeX. 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 edgeXbpFee SoDEXbpOrdersPrice spread, now −0.473%Rate

Funding earned: $0
Price spread: −0.473% → 0.000%: −$47.29
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$64.29
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 20 min ago; SoDEX: 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 edgeX live order book, 20 min ago	4.59 bp	9.1 bp −$9	17.3 bp −$173	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4357	−0.474%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4357	−0.471%	$2.6M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.347%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4370	−0.176%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4356	−0.496%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4361	−0.376%	$368K	$850K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4361	−0.384%	$37.4M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4360	−0.404%	$62.9M	$230.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4356	−0.496%	$67.7M	$125.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4359	−0.427%	$17.0M	$72.7M	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	0.4384	+0.151%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4356	−0.506%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4358	−0.450%	$11.5M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4360	−0.404%	$45.5M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4360	−0.404%	$12.6M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4359	−0.427%	$25.0M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4358	−0.450%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4368	−0.226%	$187K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4369	−0.206%	$708K	$1.7M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4378	long leg	$4K	$315K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4376	−0.049%	$410K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4372	−0.130%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4360	−0.411%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4359	−0.427%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDshort	+0.0100%	1h	0.4357	−0.473%	$453	$13K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4378	+0.007%	$127K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4369	−0.199%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4352	−0.583%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4356	−0.492%	$396K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4362	−0.370%	$38K	$13K	3x	as long as short
dYdX ONDO-USD	+0.0207%	1h	0.4352	−0.592%	$246K	$129K	5x	as long as short
Aster ONDOUSDT	+0.0213%	4h	0.4356	−0.506%	$739K	$2.4M	20x	as long as short
01 Exchange ONDOUSD	+0.0224%	1h	0.4358	−0.441%	$359	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.372%	$276K	$718K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4366	−0.267%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4374	−0.096%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0439%	1h	0.4360	−0.404%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0604% / S −0.0219%	1h	0.4357	−0.470%	$518K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4361	−0.382%	$2K	—	20x	as long as short