Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Nado−0.052%61s7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.379% of the position

Long on Nado Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.052%, 7d avg +0.047%

Together, before fees−0.022%+ Points / potential airdropNado: Active · farm board−$2 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: ApeX Omni is 0.099% cheaper against Nado than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4338	0.0100	pay 0.0012% / 1h	16m 19s	$348K	$892K	10x
Short	ApeX Omni ONDOUSDT	0.4336	0.0100	get 0.0013% / 1h	16m 19s	$133K	$340K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Nado. 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 NadobpFee ApeX OmnibpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → +0.047%: −$9.91
Slippage, 4 orders: −$20.86
Fee Nado: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$47.77
Costs to cover: 0.379%
Break-even: 1609080992410265.3 days

Slippage from Nado: live order book, 27 min ago; ApeX Omni: live order book, 26 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 Nado live order book, 27 min ago	1.96 bp	9.4 bp −$9	18.9 bp −$189	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 26 min ago	3.47 bp	8.6 bp −$9	21.5 bp −$215	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	−0.0146%	1h	0.4338	0.000%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4338	−0.006%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0014%	1h	0.4339	+0.007%	$244K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.296%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4345	+0.146%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4338	long leg	$348K	$892K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4340	+0.040%	$780K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4341	+0.063%	$62.8M	$234.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4339	+0.017%	$68.0M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4343	+0.109%	$17.3M	$72.5M	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	0.4336	−0.056%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4338	−0.001%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4338	−0.006%	$12.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4340	+0.040%	$43.7M	$42.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4338	−0.006%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4340	+0.040%	$24.8M	$37.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4341	+0.063%	—	$775K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4339	+0.010%	$176K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4333	−0.127%	$722K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4340	+0.044%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4341	+0.058%	$403K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4336	−0.052%	$133K	$340K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4341	+0.063%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4339	+0.017%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4340	+0.040%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4341	+0.063%	$451	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4345	+0.156%	$129K	$399K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4339	+0.017%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4337	−0.024%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4340	+0.046%	$358K	$810K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4341	+0.074%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0197%	1h	0.4345	+0.151%	$36.5M	$27.1M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4341	+0.063%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0216%	1h	0.4342	+0.082%	$357	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.086%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4344	+0.121%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4341	+0.063%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4338	−0.004%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4339	+0.023%	$2K	—	20x	as long as short