Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: KuCoin against gTrade (Gains Network)−0.019%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on KuCoin

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ONDO/USD	0.4415	L +0.0003% / S −0.0007%	pay 0.0000% / 1h	35m 54s	$7K	—	150x
Short	KuCoin ONDOUSDTM	0.4414	0.0100	get 0.0050% / 4h	2h 35m	$13.2M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.019%Rate

Funding earned: $20.28
Price spread: −0.019% → 0.000%: −$1.93
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.65
Costs to cover: 0.220%
Break-even: 8.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 8 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 8 min ago	1.13 bp	18.3 bp −$18	39.4 bp −$394	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Kraken Futures PF_ONDOUSD	−0.0362%	1h	0.4412	−0.056%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4401	−0.307%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0007%	1h	0.4415	long leg	$7K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.469%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4415	+0.003%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4414	−0.019%	$396K	$855K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4414	−0.019%	$687K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4412	−0.053%	$64.3M	$232.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4412	−0.065%	$70.1M	$125.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4412	−0.065%	$17.1M	$76.1M	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	0.4401	−0.318%	$71K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4408	−0.153%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4413	−0.042%	$11.6M	$16.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4415	+0.003%	$43.7M	$42.7M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4414	−0.019%	$13.2M	$11.2M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4414	−0.019%	$25.0M	$40.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4412	−0.065%	—	$22.4M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4416	+0.033%	$198K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4418	+0.067%	$779K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	−0.262%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4401	−0.309%	$406K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4404	−0.246%	$135K	$371K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4418	+0.065%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4418	+0.071%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4415	+0.003%	$459	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4426	+0.253%	$129K	$515K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4407	−0.181%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4414	−0.027%	$398K	$822K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4415	+0.003%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4416	+0.026%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0240%	1h	0.4418	+0.069%	$39.0M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0328%	1h	0.4413	−0.035%	$363	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4414	−0.019%	$283K	$790K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.239%	$35K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+1.272%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4415	+0.002%	$487K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4421	+0.146%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0826%	4h	0.4412	−0.065%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4416	+0.032%	$2K	—	20x	as long as short