Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against HTX−0.162%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$780.783% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.162%, 7d avg −0.166%

Together, before fees+0.160%+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4330	0.0100	pay 0.0050% / 4h	1h 02m	$128K	$395K	50x
Short	OKX ONDO-USDT-SWAP	0.4323	0.0100	get 0.0050% / 4h	1h 02m	$17.2M	$72.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.162%Rate

Funding earned: $0
Price spread: −0.162% → −0.166%: $0.47
Slippage, 4 orders: −$56.35
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.88
Costs to cover: 0.783%
Break-even: never at this rate

Slippage from HTX: live order book, 41 min ago; OKX: live order book, 2 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, 41 min ago	13.82 bp	37.8 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.16 bp	11.5 bp −$11	20.4 bp −$204	150.6 bp −$15.1K	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
Kraken Futures PF_ONDOUSD	−0.0146%	1h	0.4321	−0.216%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4320	−0.234%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.497%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4325	−0.104%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4322	−0.185%	$347K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4323	−0.162%	$777K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4322	−0.181%	$62.5M	$233.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4321	−0.208%	$67.7M	$122.3M	50x	as long as short
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4323	−0.162%	$17.2M	$72.0M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4328	−0.058%	$71K	$81K	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	0.4322	−0.189%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4321	−0.208%	$12.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4322	−0.185%	$43.3M	$43.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4322	−0.185%	$11.9M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4322	−0.185%	$24.6M	$36.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4322	−0.185%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4323	−0.169%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4331	+0.017%	$735K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4327	−0.063%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4327	−0.068%	$402K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4326	−0.092%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4322	−0.185%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4320	−0.231%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4323	−0.162%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4323	−0.162%	$449	$14K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4330	long leg	$128K	$395K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4323	−0.162%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4321	−0.218%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4321	−0.218%	$356K	$810K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4324	−0.139%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4322	−0.185%	$18K	$351K	25x	as long as short
dYdX ONDO-USD	+0.0229%	1h	0.4324	−0.147%	$243K	$156K	5x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4323	−0.155%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4328	−0.046%	$214K	$731K	50x	as long as short
Hyperliquid ONDO	+0.0272%	1h	0.4326	−0.088%	$36.4M	$27.1M	10x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4326	−0.090%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4323	−0.162%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4320	−0.236%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1159%	1h	0.4321	−0.197%	$2K	—	20x	as long as short