Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.053%

Price spread now: 01 Exchange against MEXC+0.046%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and 01 Exchange is 0.046% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4327	0.0100	pay 0.0050% / 4h	1h 53m	$42.6M	$42.2M	200x
Short	01 Exchange ONDOUSD	0.4329	0.0216	get 0.0027% / 1h	53m 26s	$356	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.046%Rate

Funding earned: $24.36
Price spread: +0.046% → 0.000%: $4.62
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $21.98
Costs to cover: 0.070%
Break-even: 0.7 days

Slippage unknown: MEXC: 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 MEXC live order book, 5 min ago	1.15 bp	2.4 bp −$2	5.9 bp −$59	18.4 bp −$1,842	98.9 bp −$49.5K
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	−0.0146%	1h	0.4328	+0.023%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4327	+0.007%	$243K	$137K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4326	−0.032%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.570%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4332	+0.125%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4330	+0.069%	$346K	$894K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4329	+0.047%	$773K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4327	+0.002%	$62.8M	$238.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4325	−0.046%	$67.5M	$126.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4326	−0.023%	$17.2M	$73.6M	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	0.4361	+0.777%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4327	−0.004%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4326	−0.023%	$12.3M	$15.9M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4327	long leg	$42.6M	$42.2M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4326	−0.023%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4326	−0.023%	$24.8M	$39.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4326	−0.023%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4330	+0.065%	$179K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4329	+0.040%	$640K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4331	+0.092%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	+0.121%	$403K	$1.4M	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4327	−0.005%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4328	+0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4330	+0.069%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4329	+0.046%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	+0.300%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4330	+0.069%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4328	+0.020%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4327	+0.008%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4331	+0.090%	$38K	$13K	3x	as long as short
ApeX Omni ONDOUSDT	+0.0190%	1h	0.4340	+0.300%	$133K	$356K	50x	as long as short
01 Exchange ONDOUSDshort	+0.0216%	1h	0.4329	+0.046%	$356	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4333	+0.139%	$215K	$725K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4333	+0.143%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4330	+0.069%	$3.2M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0443%	1h	0.4330	+0.069%	$18K	$362K	25x	as long as short
Hyperliquid ONDO	+0.0449%	1h	0.4329	+0.051%	$36.5M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0561% / S −0.0197%	1h	0.4327	+0.004%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4326	−0.017%	$2K	—	20x	as long as short