Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.055%

Price spread now: 01 Exchange against KuCoin−0.149%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 0.149% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 3.8 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4490	0.0100	pay 0.0050% / 4h	2h 58m	$13.7M	$10.9M	50x
Short	01 Exchange ONDOUSD	0.4483	0.0232	get 0.0029% / 1h	58m 16s	$369	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.149%Rate

Funding earned: $27.72
Price spread: −0.149% → 0.000%: −$14.92
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$6.2
Costs to cover: 0.190%
Break-even: 8.6 days

Slippage unknown: KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	2.20 bp	19.8 bp −$20	48.9 bp −$489	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	−0.0356%	1h	0.4481	−0.195%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4470	−0.450%	$253K	$131K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4482	−0.178%	$33K	$339K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4482	−0.178%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+1.737%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4482	−0.178%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4491	+0.017%	$418K	$763K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4491	+0.030%	$707K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4485	−0.112%	$66.7M	$224.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4483	−0.156%	$71.9M	$120.6M	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	0.4484	−0.134%	$17.2M	$76.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4485	−0.111%	$72K	$93K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4481	−0.211%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4486	−0.089%	$11.7M	$15.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4485	−0.111%	$46.3M	$41.0M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4490	long leg	$13.7M	$10.9M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4482	−0.178%	$25.3M	$39.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4484	−0.134%	—	$754K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4505	+0.328%	$798K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4550	+1.337%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4503	+0.290%	$415K	$955K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4543	+1.180%	$169K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4492	+0.036%	$91K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4482	−0.178%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4483	−0.156%	$466	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4487	−0.067%	$131K	$499K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4478	−0.268%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4481	−0.209%	$406K	$820K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4479	−0.238%	$39K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0149%	1h	0.4495	+0.118%	$39.9M	$25.1M	10x	as long as short
01 Exchange ONDOUSDshort	+0.0232%	1h	0.4483	−0.149%	$369	$2K	10x
Phoenix ONDO	+0.0244%	1h	0.4541	+1.127%	$37K	$227K	10x	as long as short
Lighter ONDO	+0.0296%	1h	0.4492	+0.051%	$1.4M	$2.1M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0303%	1h	0.4507	+0.383%	$227K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4513	+0.512%	$295K	$807K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4501	+0.245%	$3.3M	$3.0M	75x	as long as short
Phemex ONDOUSDT	+0.0563%	4h	0.4492	+0.045%	$4.4M	$7.2M	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0583% / S −0.0187%	1h	0.4484	−0.145%	$535K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4492	+0.050%	$2K	—	20x	as long as short