Funding arb · Price arb /

ONDO

all ONDO markets

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: MEXC against gTrade (Gains Network)+0.180%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on MEXC

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.180% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$18 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	gTrade (Gains Network) ONDO/USD	0.4390	L +0.0003% / S −0.0007%	pay 0.0000% / 1h	37m 59s	$7K	—	150x
Short	MEXC ONDO_USDT	0.4398	0.0100	get 0.0050% / 4h	2h 37m	$43.3M	$42.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.180%Rate

Funding earned: $20.28
Price spread: +0.180% → 0.000%: $18.02
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $28.3
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.14 bp	3.2 bp −$3	7.9 bp −$79	37.0 bp −$3,702	137.0 bp −$68.5K

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	−0.0364%	1h	0.4388	−0.042%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4399	+0.194%	$249K	$130K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4389	−0.025%	$23K	$349K	25x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0007%	1h	0.4390	long leg	$7K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.053%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4388	−0.048%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4395	+0.123%	$396K	$854K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4399	+0.201%	$685K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4401	+0.248%	$64.1M	$231.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4402	+0.271%	$70.0M	$125.5M	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	0.4407	+0.385%	$17.1M	$76.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4395	+0.119%	$72K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4392	+0.040%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4397	+0.157%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4398	+0.180%	$43.3M	$42.6M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4398	+0.180%	$13.1M	$11.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4399	+0.203%	$25.0M	$40.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4401	+0.249%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4397	+0.169%	$197K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4401	+0.244%	$782K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4437	+1.070%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	+0.272%	$406K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4434	+1.000%	$164K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4393	+0.059%	$92K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4390	−0.002%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4389	−0.025%	$456	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4397	+0.157%	$128K	$514K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4395	+0.119%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4398	+0.185%	$396K	$822K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4389	−0.036%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0240%	1h	0.4400	+0.230%	$38.8M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0328%	1h	0.4393	+0.062%	$362	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4417	+0.613%	$283K	$791K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.804%	$35K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+1.843%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4389	−0.020%	$484K	—	100x	as long as short
Lighter ONDO	+0.0760%	1h	0.4396	+0.137%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0895%	4h	0.4394	+0.089%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4397	+0.152%	$2K	—	20x	as long as short