Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h −0.049%

Price spread now: edgeX against Kraken Futures+0.203%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.324%−$32 on $10k

Price spread, last 4 days (all we have)−0.376%−$38 · spread now +0.203%, 7d avg −0.056%

Together, before fees−0.701%+ Points / potential airdropedgeX: Active · farm board−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and edgeX is 0.259% dearer against Kraken Futures than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.324%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4355	−0.0240	get 0.0030% / 1h	3m 13s	$2.6M	$7.8M	50x
Short	edgeX ONDOUSDC	0.4364	0.0100	get 0.0050% / 4h	2h 03m	$4K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kraken Futures. 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 Kraken FuturesbpFee edgeXbpOrdersPrice spread, now +0.203%Rate

Funding earned: $71.31
Price spread: +0.203% → −0.056%: $25.91
Slippage, 4 orders: −$41.69
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $36.53
Costs to cover: 0.607%
Break-even: 3.4 days

Slippage from Kraken Futures: live order book, 6 min ago; edgeX: live order book, 45 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 Kraken Futures live order book, 6 min ago	5.73 bp	18.8 bp −$19	23.3 bp −$233	doesn't fit	doesn't fit
Sell edgeX live order book, 45 min ago	4.61 bp	9.1 bp −$9	15.6 bp −$156	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
Kraken Futures PF_ONDOUSDlong	−0.0240%	1h	0.4355	long leg	$2.6M	$7.8M	50x
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4352	−0.075%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0009%	1h	0.4357	+0.037%	$245K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.892%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4360	+0.106%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4356	+0.018%	$348K	$895K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4361	+0.129%	$36.8M	$27.1M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4359	+0.086%	$777K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4357	+0.036%	$63.4M	$238.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4354	−0.022%	$68.0M	$126.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4356	+0.024%	$17.3M	$74.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4357	+0.040%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4354	−0.029%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4355	+0.001%	$12.3M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4356	+0.024%	$43.4M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4354	−0.022%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4356	+0.024%	$25.0M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4356	+0.024%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4356	+0.033%	$181K	$992K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4365	+0.224%	$647K	$1.8M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4364	+0.203%	$4K	$316K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4362	+0.161%	$407K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4361	+0.138%	$133K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4356	+0.026%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4354	−0.022%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4356	+0.024%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4356	+0.024%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4368	+0.299%	$129K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4356	+0.024%	$4.2M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4354	−0.025%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4354	−0.024%	$393K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4357	+0.046%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4357	+0.042%	$359	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4366	+0.253%	$217K	$756K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4367	+0.269%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4360	+0.115%	$3.2M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0439%	1h	0.4355	+0.001%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0202%	1h	0.4352	−0.068%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4354	−0.014%	$2K	—	20x	as long as short