Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.055%

Price spread now: 01 Exchange against HTX−0.093%7-day average — · you buy dearer than you sell

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

Long on HTX Short on 01 Exchange

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

Funding pays, the price is against you. 01 Exchange is 0.093% cheaper against HTX than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 46 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ONDO-USDT	0.4607	0.0100	pay 0.0050% / 4h	3h 29m	$135K	$492K	50x
Short	01 Exchange ONDOUSD	0.4603	0.0264	get 0.0033% / 1h	29m 11s	$379	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.093%Rate

Funding earned: $34.44
Price spread: −0.093% → 0.000%: −$9.33
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $6.11
Costs to cover: 0.190%
Break-even: 5.8 days

Slippage unknown: HTX: live order book, 44 min ago; 01 Exchange: 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 HTX live order book, 44 min ago	8.75 bp	49.6 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0868%	1h	0.4600	−0.145%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4600	−0.143%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4598	−0.194%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.847%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4599	−0.174%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4600	−0.147%	$431K	$708K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4602	−0.104%	$727K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4602	−0.103%	$69.0M	$223.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4601	−0.130%	$74.4M	$119.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4601	−0.130%	$17.6M	$79.0M	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	0.4613	+0.135%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4598	−0.201%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4598	−0.195%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4601	−0.130%	$50.0M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4600	−0.152%	$14.2M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4602	−0.109%	$26.1M	$39.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4600	−0.152%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4602	−0.113%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4597	−0.222%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4606	−0.023%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4605	−0.035%	$426K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4611	+0.087%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4602	−0.104%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4601	−0.130%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4601	−0.130%	$478	$14K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4607	long leg	$135K	$492K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4601	−0.130%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4599	−0.177%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4600	−0.152%	$417K	$842K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4603	−0.084%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4601	−0.130%	$34K	$363K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4603	−0.096%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSDshort	+0.0264%	1h	0.4603	−0.093%	$379	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4631	+0.521%	$300K	$828K	50x	as long as short
Hyperliquid ONDO	+0.0288%	1h	0.4605	−0.046%	$41.0M	$25.5M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4603	−0.087%	$3.3M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4598	−0.192%	$549K	—	100x	as long as short
Lighter ONDO	+0.0600%	1h	0.4610	+0.059%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4600	−0.157%	$2K	—	20x	as long as short