Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against MEXC+0.088%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1371.373% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.088%, 7d avg −0.004%

Together, before fees−0.053%−$5 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: SunX is 0.092% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.004%.

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	41m 52s	$49.1M	$43.3M	200x
Short	SunX ONDO-USDT	0.4548	0.0100	get 0.0050% / 4h	41m 52s	—	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.004%: $9.24
Slippage, 4 orders: −$129.3
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$128.06
Costs to cover: 1.373%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; SunX: live order book, 3 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, 2 min ago	1.10 bp	1.8 bp −$2	5.4 bp −$54	22.0 bp −$2,198	120.3 bp −$60.1K
Sell SunX live order book, 3 min ago	47.05 bp	67.3 bp −$67	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	−0.0803%	1h	0.4544	−0.004%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.528%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4544	0.000%	$35K	$436K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4546	+0.049%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4543	−0.022%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4549	+0.110%	$430K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4548	+0.096%	$718K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4548	+0.099%	$68.0M	$228.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4548	+0.088%	$73.6M	$123.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4548	+0.088%	$17.7M	$80.9M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4551	+0.145%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4550	+0.131%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4544	0.000%	$11.9M	$18.0M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4544	long leg	$49.1M	$43.3M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4545	+0.022%	$14.0M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4544	0.000%	$25.7M	$41.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4547	+0.066%	—	$22.2M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4573	+0.637%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4565	+0.469%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4563	+0.418%	$421K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4564	+0.440%	$173K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4551	+0.165%	$68K	$1.2M	10x	as long as short
SunX ONDO-USDTshort	+0.0100%	4h	0.4548	+0.088%	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4545	+0.022%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4561	+0.374%	$133K	$504K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4546	+0.044%	$4.6M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4551	+0.144%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4544	−0.007%	$407K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4546	+0.055%	$44K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0155%	1h	0.4546	+0.040%	$229K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4573	+0.649%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4556	+0.264%	$299K	$851K	50x	as long as short
Hyperliquid ONDO	+0.0325%	1h	0.4549	+0.112%	$40.3M	$26.9M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4565	+0.462%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0424%	1h	0.4553	+0.200%	$375	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4546	+0.035%	$543K	—	100x	as long as short
Lighter ONDO	+0.0912%	1h	0.4554	+0.220%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4548	+0.080%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6087%	1h	0.4560	+0.347%	$258K	$131K	5x	as long as short