Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.072%

Price spread now: BloFin against Ondo Perps−0.009%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.401%+$40 on $10k

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ONDO-USD.P	0.4334	0.0100	pay 0.0013% / 1h	23m 02s	$71K	$81K	10x
Short	BloFin ONDO-USDT	0.4334	0.0340	get 0.0170% / 4h	1h 23m	$3.1M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Ondo Perps. 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 Ondo PerpsbpFee BloFinbpOrdersPrice spread, now −0.009%Rate

Funding earned: $50.4
Price spread: −0.009% → 0.000%: −$0.92
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $32.48
Costs to cover: 0.170%
Break-even: 2.5 days

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 5 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	1.16 bp	7.2 bp −$7	11.4 bp −$114	29.8 bp −$2,984	102.4 bp −$51.2K

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	−0.0146%	1h	0.4331	−0.072%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4330	−0.092%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0004%	1h	0.4334	−0.003%	$243K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.389%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4336	+0.028%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	−0.021%	$348K	$893K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4332	−0.055%	$779K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4331	−0.078%	$62.6M	$235.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4330	−0.102%	$67.9M	$124.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4336	+0.037%	$17.3M	$72.6M	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.Plong	+0.0100%	1h	0.4334	long leg	$71K	$81K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4330	−0.095%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4327	−0.171%	$12.5M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4329	−0.125%	$43.5M	$42.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4332	−0.055%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4332	−0.055%	$24.8M	$38.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4330	−0.102%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4333	−0.028%	$172K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4342	+0.169%	$667K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4327	−0.176%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4328	−0.147%	$406K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4328	−0.148%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4333	−0.042%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4331	−0.078%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4332	−0.055%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4333	−0.032%	$450	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	+0.129%	$129K	$401K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4328	−0.148%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4333	−0.025%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4334	−0.010%	$375K	$803K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4336	+0.048%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0143%	1h	0.4333	−0.037%	$36.4M	$27.1M	10x	as long as short
01 Exchange ONDOUSD	+0.0200%	1h	0.4333	−0.037%	$357	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4333	−0.032%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.175%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4336	+0.046%	$35K	$223K	10x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4334	−0.009%	$3.1M	$3.2M	75x
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4330	−0.092%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4331	−0.073%	$2K	—	20x	as long as short