Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.0% APRpaid last 24h −0.025%

Price spread now: gTrade (Gains Network) against Gate+0.172%7-day average — · you sell dearer than you buy

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

Long on Gate Short on gTrade (Gains Network)

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 pays, funding is against you. gTrade (Gains Network) is 0.172% dearer against Gate than usual: you sell high and buy low (spread +0.172% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONDO_USDT	0.4406	0.0100	pay 0.0050% / 4h	1h 56m	$11.6M	$15.9M	50x
Short	gTrade (Gains Network) ONDO/USD	0.4414	L +0.0003% / S −0.0008%	get 0.0001% / 1h	56m 06s	$6K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.172%Rate

Funding earned: −$19.23
Price spread: +0.172% → 0.000%: $17.25
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$26.98
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; gTrade (Gains Network): 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 Gate live order book, 3 min ago	1.14 bp	17.3 bp −$17	39.7 bp −$397	57.9 bp −$5,787	90.3 bp −$45.2K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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 38 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
dYdX ONDO-USD	0.0000%	1h	0.4406	−0.009%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USDshort	L +0.0003% / S −0.0008%	1h	0.4414	+0.172%	$6K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.677%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4411	+0.121%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4414	+0.182%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4421	+0.335%	$378K	$832K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4411	+0.113%	$38.6M	$24.2M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4414	+0.182%	$665K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4410	+0.091%	$64.0M	$225.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4407	+0.023%	$69.8M	$121.8M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4407	+0.023%	$17.0M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4391	−0.336%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4417	+0.256%	—	—	5x	as long as short
Gate ONDO_USDTlong	+0.0100%	4h	0.4406	long leg	$11.6M	$15.9M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4410	+0.091%	$46.7M	$40.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4413	+0.159%	$13.1M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4408	+0.045%	$25.1M	$39.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4409	+0.068%	—	$760K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4418	+0.267%	$712K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4415	+0.205%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4403	−0.061%	$406K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	−0.023%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4420	+0.325%	$79K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4413	+0.159%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4413	+0.159%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4422	+0.363%	$130K	$481K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4411	+0.113%	$4.2M	$7.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4417	+0.248%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4411	+0.123%	$398K	$787K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4415	+0.193%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0243%	1h	0.4410	+0.084%	$192K	$985K	15x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4418	+0.281%	$35K	$214K	10x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4422	+0.365%	$364	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.363%	$284K	$706K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0430%	1h	0.4414	+0.182%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4415	+0.209%	$487K	—	100x	as long as short
Lighter ONDO	+0.0632%	1h	0.4419	+0.284%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4419	+0.289%	$2K	—	20x	as long as short