Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against HTX−0.386%7-day average −0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.462%+$46 · spread now −0.386%, 7d avg −0.150%

Together, before fees+0.395%+$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.237% cheaper against HTX than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.150%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4399	0.0100	pay 0.0050% / 4h	1h 05m	$129K	$473K	50x
Short	MEXC ONDO_USDT	0.4382	0.0100	get 0.0050% / 4h	1h 05m	$47.3M	$41.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now −0.386%Rate

Funding earned: $0
Price spread: −0.386% → −0.150%: −$23.69
Slippage, 4 orders: −$60.28
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$95.97
Costs to cover: 0.723%
Break-even: never at this rate

Slippage from HTX: live order book, 58 min ago; MEXC: live order book, 3 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 HTX live order book, 58 min ago	14.71 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.14 bp	3.2 bp −$3	6.6 bp −$66	20.7 bp −$2,070	102.0 bp −$51.0K

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
dYdX ONDO-USD	+0.0001%	1h	0.4384	−0.343%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4386	−0.286%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.842%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4387	−0.264%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4387	−0.273%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4387	−0.278%	$370K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4387	−0.280%	$63.7M	$226.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4386	−0.296%	$69.6M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4387	−0.273%	$17.0M	$71.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4383	−0.357%	$72K	$84K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4386	−0.296%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4381	−0.409%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4382	−0.386%	$47.3M	$41.8M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4385	−0.318%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4387	−0.273%	$25.1M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4384	−0.341%	—	$21.7M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4386	−0.304%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4393	−0.135%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	+0.068%	$407K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4400	+0.023%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4388	−0.255%	$64K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4389	−0.227%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4390	−0.205%	$456	$13K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4399	long leg	$129K	$473K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4390	−0.205%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4383	−0.359%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4384	−0.338%	$396K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	−0.195%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0129%	1h	0.4388	−0.259%	$38.0M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0172%	1h	0.4388	−0.243%	$190K	$979K	15x	as long as short
Aster ONDOUSDT	+0.0188%	4h	0.4388	−0.258%	$733K	$2.3M	20x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4404	+0.116%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4389	−0.227%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4389	−0.225%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.523%	$281K	$719K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4389	−0.227%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4386	−0.290%	$484K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4390	−0.216%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4388	−0.246%	$2K	—	20x	as long as short