Funding arb · Price arb /

ONDO

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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 −0.003%

Price spread now: Gate against KuCoin0.000%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$680.684% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.024%+$2 · spread now 0.000%, 7d avg −0.046%

Together, before fees−0.028%−$3 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: Gate is 0.046% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4337	0.0100	pay 0.0050% / 4h	2h 48m	$12.1M	$10.6M	50x
Short	Gate ONDO_USDT	0.4337	0.0100	get 0.0050% / 4h	2h 48m	$12.1M	$16.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.046%: $4.63
Slippage, 4 orders: −$41.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.82
Costs to cover: 0.684%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 5 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 KuCoin live order book, 5 min ago	1.15 bp	19.6 bp −$20	47.5 bp −$475	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.31 bp	14.2 bp −$14	35.3 bp −$353	48.4 bp −$4,839	79.9 bp −$40.0K

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
Kraken Futures PF_ONDOUSD	−0.0241%	1h	0.4336	−0.018%	$2.6M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4338	+0.020%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.326%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0048%	1h	0.4338	+0.014%	$357	$2K	10x	as long as short
dYdX ONDO-USD	+0.0049%	1h	0.4336	−0.018%	$248K	$133K	5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4341	+0.097%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4338	+0.023%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4340	+0.069%	$352K	$875K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4339	+0.046%	$36.4M	$25.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4338	+0.023%	$62.5M	$234.3M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4335	−0.046%	$67.5M	$124.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4338	+0.023%	$17.1M	$72.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4338	+0.018%	$72K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4337	+0.007%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4337	0.000%	$12.1M	$16.2M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4339	+0.046%	$43.4M	$41.7M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4337	long leg	$12.1M	$10.6M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4339	+0.046%	$24.9M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4337	0.000%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4338	+0.023%	$176K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4339	+0.040%	$683K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4337	−0.003%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4341	+0.099%	$400K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4338	+0.023%	$134K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4340	+0.065%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4341	+0.092%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4339	+0.046%	$451	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4346	+0.208%	$128K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4338	+0.023%	$4.2M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4339	+0.048%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0102%	4h	0.4339	+0.046%	$777K	$2.6M	20x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4338	+0.019%	$389K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4341	+0.092%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4340	+0.069%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.208%	$218K	$767K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4346	+0.214%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4339	+0.046%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0554% / S −0.0193%	1h	0.4338	+0.029%	$483K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4338	+0.034%	$2K	—	20x	as long as short