Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: ApeX Omni against Gate+0.068%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.243%+$24 · spread now +0.068%, 7d avg +0.084%

Together, before fees+0.294%+$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4384	0.0100	pay 0.0050% / 4h	19m 32s	$11.6M	$16.4M	50x
Short	ApeX Omni ONDOUSDT	0.4387	0.0100	get 0.0013% / 1h	19m 32s	$135K	$354K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.084%: −$1.57
Slippage, 4 orders: −$25.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$51.7
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 38 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 Gate live order book, 4 min ago	2.28 bp	16.2 bp −$16	33.2 bp −$332	45.6 bp −$4,559	75.6 bp −$37.8K
Sell ApeX Omni live order book, 38 min ago	2.28 bp	9.7 bp −$10	23.3 bp −$233	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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4383	−0.032%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4382	−0.039%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.197%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4387	+0.071%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4383	−0.023%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4385	+0.034%	$363K	$855K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4389	+0.119%	$37.7M	$24.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4385	+0.023%	$63.3M	$230.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4384	0.000%	$67.7M	$126.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4385	+0.023%	$17.1M	$73.1M	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	0.4398	+0.310%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4385	+0.017%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4384	long leg	$11.6M	$16.4M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4384	0.000%	$44.3M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4383	−0.023%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4385	+0.023%	$25.1M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4385	+0.023%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4385	+0.011%	$189K	$978K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	−0.007%	$711K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4388	+0.094%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4390	+0.137%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4387	+0.068%	$135K	$354K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4384	+0.009%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4384	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4385	+0.023%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4391	+0.160%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4382	−0.046%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4383	−0.032%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4384	−0.009%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4386	+0.057%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0200%	1h	0.4386	+0.039%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0223%	4h	0.4385	+0.027%	$758K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0295%	1h	0.4384	+0.004%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4404	+0.456%	$272K	$730K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4387	+0.068%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4390	+0.137%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4386	+0.046%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4382	−0.046%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4384	+0.004%	$2K	—	20x	as long as short