Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Ondo Perps against Nado+0.008%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Ondo Perps: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ONDO-PERP	0.4508	0.0100	pay 0.0012% / 1h	0m 53s	$423K	$731K	10x
Short	Ondo Perps ONDO-USD.P	0.4508	0.0100	get 0.0013% / 1h	0m 53s	$72K	$91K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → 0.000%: $0.78
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.22
Costs to cover: 0.120%
Break-even: 1153090161677932.8 days

Slippage unknown: Nado: live order book, 7 min ago; Ondo Perps: 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 Nado live order book, 7 min ago	1.31 bp	8.2 bp −$8	19.5 bp −$195	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0887%	1h	0.4504	−0.083%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4514	+0.143%	$255K	$131K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4503	−0.105%	$33K	$339K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4504	−0.084%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+1.337%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4503	−0.105%	$25K	$6K	10x	as long as short
Nado ONDO-PERPlong	+0.0100%	1h	0.4508	long leg	$423K	$731K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4500	−0.163%	$709K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4497	−0.230%	$66.9M	$223.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4496	−0.261%	$71.9M	$120.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4496	−0.261%	$17.2M	$76.3M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4508	+0.008%	$72K	$91K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4507	−0.021%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4495	−0.283%	$11.8M	$16.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4497	−0.238%	$47.0M	$42.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4493	−0.327%	$13.8M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4494	−0.305%	$25.5M	$39.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4496	−0.261%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4502	−0.125%	$227K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4505	−0.067%	$798K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4550	+0.938%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4579	+1.581%	$423K	$955K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4543	+0.782%	$169K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4509	+0.032%	$91K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4503	−0.105%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4504	−0.083%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4517	+0.205%	$133K	$496K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4510	+0.054%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4496	−0.265%	$408K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4503	−0.094%	$39K	$13K	3x	as long as short
Phemex ONDOUSDT	+0.0135%	4h	0.4506	−0.039%	$4.4M	$7.1M	50x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4541	+0.729%	$37K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4511	+0.070%	$371	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4538	+0.671%	$297K	$806K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4498	−0.216%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0365%	1h	0.4504	−0.075%	$40.1M	$24.9M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0584% / S −0.0187%	1h	0.4503	−0.095%	$537K	—	100x	as long as short
Lighter ONDO	+0.0712%	1h	0.4511	+0.079%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4507	−0.012%	$2K	—	20x	as long as short