Funding arb · Price arb /

ONDO

all ONDO markets

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 −0.003%

Price spread now: Gate against OKX−0.023%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.023%, 7d avg −0.008%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4330	0.0100	pay 0.0050% / 4h	1h 54m	$17.2M	$73.7M	50x
Short	Gate ONDO_USDT	0.4329	0.0100	get 0.0050% / 4h	1h 54m	$12.3M	$15.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.008%: −$1.51
Slippage, 4 orders: −$24.05
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$50.56
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: 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 OKX live order book, 4 min ago	1.15 bp	8.1 bp −$8	18.2 bp −$182	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.15 bp	12.1 bp −$12	22.7 bp −$227	43.8 bp −$4,383	77.2 bp −$38.6K

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	0.4331	+0.022%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4331	+0.026%	$243K	$137K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4328	−0.037%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.497%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4333	+0.065%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4331	+0.017%	$346K	$894K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4332	+0.047%	$773K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4329	−0.023%	$62.9M	$238.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4328	−0.046%	$67.5M	$126.3M	50x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4330	long leg	$17.2M	$73.7M	50x

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	+0.707%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4328	−0.037%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4329	−0.023%	$12.3M	$15.9M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4328	−0.046%	$42.5M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4328	−0.046%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4329	−0.023%	$24.8M	$39.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4329	−0.023%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4333	+0.067%	$179K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4329	−0.029%	$640K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4344	+0.326%	$4K	$314K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4339	+0.209%	$404K	$1.4M	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4333	+0.060%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4331	+0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4330	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4333	+0.069%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4338	+0.185%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4332	+0.046%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4329	−0.033%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4329	−0.014%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4334	+0.089%	$38K	$13K	3x	as long as short
ApeX Omni ONDOUSDT	+0.0190%	1h	0.4340	+0.231%	$133K	$356K	50x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4331	+0.016%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4333	+0.069%	$215K	$725K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4346	+0.365%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4330	0.000%	$3.2M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0443%	1h	0.4333	+0.069%	$18K	$362K	25x	as long as short
Hyperliquid ONDO	+0.0467%	1h	0.4334	+0.081%	$36.6M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0561% / S −0.0197%	1h	0.4329	−0.033%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4332	+0.035%	$2K	—	20x	as long as short