Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Ondo Perps+0.194%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.194% dearer against Ondo Perps than usual: you sell high and buy low, +$19 on $10k if it 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	Ondo Perps ONDO-USD.P	0.4566	0.0100	pay 0.0013% / 1h	44m 50s	$74K	$89K	10x
Short	edgeX ONDOUSDC	0.4575	0.0100	get 0.0050% / 4h	44m 50s	$5K	$320K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.194%Rate

Funding earned: $0
Price spread: +0.194% → 0.000%: $19.38
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $5.38
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 33 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 edgeX live order book, 33 min ago	4.34 bp	8.8 bp −$9	15.0 bp −$150	doesn't fit	doesn't fit

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	−0.0799%	1h	0.4562	−0.080%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.050%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4562	−0.076%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4563	−0.059%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4565	−0.015%	$430K	$705K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4565	−0.014%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4563	−0.048%	$68.3M	$227.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4563	−0.059%	$74.0M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4561	−0.103%	$17.8M	$81.1M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4566	long leg	$74K	$89K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4563	−0.062%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4560	−0.125%	$12.0M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4562	−0.081%	$49.5M	$43.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4563	−0.059%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4562	−0.081%	$25.9M	$41.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4562	−0.081%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4573	+0.158%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4575	+0.194%	$5K	$320K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4575	+0.195%	$433K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4568	+0.050%	$173K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4565	−0.020%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4567	+0.028%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4563	−0.059%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4574	+0.182%	$133K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4564	−0.037%	$4.7M	$6.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4564	−0.037%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4562	−0.083%	$409K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4567	+0.023%	$44K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0182%	1h	0.4563	−0.057%	$230K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4564	−0.037%	$36K	$436K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4573	+0.171%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	+0.729%	$302K	$859K	50x	as long as short
Hyperliquid ONDO	+0.0334%	1h	0.4566	+0.015%	$40.5M	$26.8M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4566	+0.007%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0448%	1h	0.4567	+0.039%	$376	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4562	−0.091%	$545K	—	100x	as long as short
Lighter ONDO	+0.0952%	1h	0.4571	+0.125%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4563	−0.051%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6619%	1h	0.4560	−0.117%	$258K	$131K	5x	as long as short