Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against MEXC+0.100%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now +0.100%, 7d avg +0.006%

Together, before fees−0.072%+ Points / potential airdropedgeX: Active · farm board−$7 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: edgeX is 0.094% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4544	0.0100	pay 0.0050% / 4h	3h 48m	$48.5M	$41.3M	200x
Short	edgeX ONDOUSDC	0.4549	0.0100	get 0.0050% / 4h	3h 48m	$5K	$319K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.006%: $9.37
Slippage, 4 orders: −$11.66
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$11.29
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; edgeX: live order book, 24 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, 10 min ago	1.09 bp	1.1 bp −$1	5.1 bp −$51	23.2 bp −$2,321	107.8 bp −$53.9K
Sell edgeX live order book, 24 min ago	4.38 bp	8.9 bp −$9	14.8 bp −$148	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_ONDOUSD	−0.0879%	1h	0.4542	−0.046%	$2.7M	$8.0M	50x	as long as short
Gate ONDO_USDT	−0.0056%	4h	0.4543	−0.022%	$11.9M	$16.5M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4550	+0.137%	$257K	$132K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4543	−0.022%	$33K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4543	−0.019%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+0.528%	$888	$216K	5.5x	as long as short
ApeX Omni ONDOUSDT	+0.0048%	1h	0.4541	−0.066%	$173K	$326K	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4542	−0.044%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4547	+0.077%	$437K	$702K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4551	+0.152%	$40.2M	$26.0M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDT	+0.0100%	4h	0.4548	+0.088%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4546	+0.035%	$68.0M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4545	+0.022%	$73.4M	$120.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4545	+0.022%	$17.5M	$79.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4555	+0.246%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4552	+0.181%	—	—	5x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4544	long leg	$48.5M	$41.3M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4545	+0.022%	$14.1M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4546	+0.044%	$25.7M	$40.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4545	+0.022%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4546	+0.053%	$227K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4542	−0.049%	$808K	$2.0M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4549	+0.100%	$5K	$319K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4553	+0.195%	$429K	$960K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4552	+0.185%	$69K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4545	+0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4544	0.000%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4554	+0.220%	$133K	$502K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4543	−0.022%	$4.5M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4551	+0.153%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4544	+0.001%	$407K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4545	+0.022%	$39K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4556	+0.264%	$375	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4558	+0.304%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4555	+0.242%	$297K	$817K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4545	+0.022%	$3.3M	$3.2M	75x	as long as short
Lighter ONDO	+0.0464%	1h	0.4550	+0.134%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0188%	1h	0.4543	−0.020%	$543K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4547	+0.072%	$2K	—	20x	as long as short