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: HTX against MEXC+0.185%7-day average +0.150% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$710.712% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.185%, 7d avg +0.150%

Together, before fees−0.162%−$16 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: HTX is 0.035% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.150%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4325	0.0100	pay 0.0050% / 4h	2h 44m	$43.0M	$41.9M	200x
Short	HTX ONDO-USDT	0.4333	0.0100	get 0.0050% / 4h	2h 44m	$128K	$428K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.185%Rate

Funding earned: $0
Price spread: +0.185% → +0.150%: $3.53
Slippage, 4 orders: −$59.25
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$67.72
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; HTX: live order book, 4 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	1.15 bp	3.0 bp −$3	4.4 bp −$44	14.4 bp −$1,435	89.0 bp −$44.5K
Sell HTX live order book, 4 min ago	10.35 bp	16.3 bp −$16	doesn't fit	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	−0.0241%	1h	0.4323	−0.051%	$2.5M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4325	0.000%	$18K	$362K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4324	−0.025%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0033%	1h	0.4325	+0.002%	$248K	$133K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.618%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0048%	1h	0.4324	−0.018%	$356	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4328	+0.074%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4323	−0.046%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4323	−0.046%	$350K	$874K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4325	+0.005%	$36.3M	$25.9M	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	0.4327	+0.046%	$775K	$2.6M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4325	+0.003%	$62.3M	$234.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4322	−0.069%	$67.3M	$125.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4324	−0.023%	$17.2M	$72.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4332	+0.166%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4323	−0.050%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4323	−0.046%	$12.0M	$16.3M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4325	long leg	$43.0M	$41.9M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4323	−0.046%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4326	+0.023%	$24.8M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4325	0.000%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4326	+0.018%	$176K	$984K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4329	+0.087%	$665K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4335	+0.228%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4334	+0.211%	$399K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4333	+0.185%	$134K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4325	0.000%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4325	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4325	0.000%	$450	$13K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4333	+0.185%	$128K	$428K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4326	+0.023%	$4.1M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4325	+0.012%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4324	−0.033%	$389K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4326	+0.028%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+0.486%	$218K	$767K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4342	+0.400%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4327	+0.046%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0561% / S −0.0197%	1h	0.4323	−0.035%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4324	−0.012%	$2K	—	20x	as long as short