Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: HTX against Extended+0.206%7-day average +0.192% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.206%, 7d avg +0.192%

Together, before fees−0.237%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4357	0.0104	pay 0.0013% / 1h	4m 39s	$393K	$795K	25x
Short	HTX ONDO-USDT	0.4366	0.0100	get 0.0050% / 4h	2h 04m	$130K	$429K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.206%Rate

Funding earned: −$0.84
Price spread: +0.206% → +0.192%: $1.44
Slippage, 4 orders: −$61.96
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$78.36
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from Extended: live order book, 43 min ago; HTX: live order book, 44 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 Extended live order book, 43 min ago	3.45 bp	6.0 bp −$6	14.7 bp −$147	doesn't fit	doesn't fit
Sell HTX live order book, 44 min ago	10.35 bp	16.3 bp −$16	doesn't fit	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	−0.0239%	1h	0.4357	0.000%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4359	+0.042%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0009%	1h	0.4357	−0.009%	$245K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.843%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4361	+0.103%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4358	+0.023%	$348K	$895K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4362	+0.108%	$36.8M	$27.1M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4362	+0.105%	$778K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4360	+0.061%	$63.4M	$238.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4357	0.000%	$68.0M	$126.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4358	+0.023%	$17.3M	$74.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4357	−0.007%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4357	+0.011%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4358	+0.023%	$12.3M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4358	+0.023%	$43.4M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4357	0.000%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4359	+0.046%	$25.0M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4358	+0.023%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4360	+0.069%	$181K	$992K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	+0.177%	$647K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4364	+0.154%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4362	+0.115%	$407K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4361	+0.092%	$133K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4363	+0.147%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4358	+0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4360	+0.069%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4360	+0.069%	$453	$13K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4366	+0.206%	$130K	$429K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4358	+0.023%	$4.2M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4357	−0.001%	$6K	—	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4357	long leg	$393K	$795K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4362	+0.124%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4360	+0.078%	$359	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4366	+0.206%	$217K	$756K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4371	+0.319%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4361	+0.092%	$3.2M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0439%	1h	0.4359	+0.046%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0202%	1h	0.4360	+0.059%	$497K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4361	+0.097%	$2K	—	20x	as long as short