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 0.000%

Price spread now: Bitget against MEXC0.000%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days−0.029%−$3 · spread now 0.000%, 7d avg +0.001%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4322	0.0100	pay 0.0050% / 4h	1h 03m	$43.3M	$43.0M	200x
Short	Bitget ONDOUSDT	0.4322	0.0100	get 0.0050% / 4h	1h 03m	$24.6M	$36.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.001%: −$0.1
Slippage, 4 orders: −$14.21
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$26.31
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bitget: live order book, 6 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 MEXC live order book, 5 min ago	1.16 bp	3.2 bp −$3	5.3 bp −$53	16.3 bp −$1,633	89.8 bp −$44.9K
Sell Bitget live order book, 6 min ago	2.31 bp	9.7 bp −$10	16.2 bp −$162	53.0 bp −$5,304	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	0.4320	−0.035%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4322	−0.006%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.692%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4329	+0.164%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4325	+0.069%	$347K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4324	+0.046%	$778K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4322	+0.005%	$62.5M	$233.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4321	−0.023%	$67.8M	$122.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4323	+0.023%	$17.2M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4328	+0.127%	$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	0.4323	+0.031%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4322	0.000%	$12.6M	$16.2M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4322	long leg	$43.3M	$43.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4323	+0.023%	$11.9M	$10.4M	50x	as long as short
Bitget ONDOUSDTshort	+0.0100%	4h	0.4322	0.000%	$24.6M	$36.8M	50x
BingX ONDO-USDC	+0.0100%	4h	0.4322	0.000%	—	$768K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4326	+0.088%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4331	+0.202%	$735K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4327	+0.122%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4327	+0.117%	$402K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4326	+0.093%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4324	+0.044%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4321	−0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4325	+0.069%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4323	+0.023%	$449	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4330	+0.185%	$128K	$394K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4325	+0.069%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4324	+0.049%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4324	+0.041%	$358K	$810K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4325	+0.067%	$38K	$13K	3x	as long as short
dYdX ONDO-USD	+0.0205%	1h	0.4324	+0.038%	$243K	$156K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4324	+0.046%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4325	+0.058%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.463%	$215K	$727K	50x	as long as short
Hyperliquid ONDO	+0.0271%	1h	0.4326	+0.088%	$36.4M	$27.1M	10x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4326	+0.095%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4329	+0.162%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4319	−0.058%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1159%	1h	0.4322	−0.006%	$2K	—	20x	as long as short