Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Gate against Ondo Perps−0.810%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.810% cheaper against Ondo Perps than usual: you would sell low and buy high, −$81 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	0.4420	0.0100	pay 0.0013% / 1h	57m 13s	$72K	$87K	10x
Short	Gate ONDO_USDT	0.4384	0.0100	get 0.0050% / 4h	1h 57m	$11.5M	$15.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.810%Rate

Funding earned: $0
Price spread: −0.810% → 0.000%: −$81
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	1.14 bp	17.9 bp −$18	32.8 bp −$328	46.8 bp −$4,682	76.2 bp −$38.1K

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 38 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
dYdX ONDO-USD	0.0000%	1h	0.4386	−0.762%	$248K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4384	−0.809%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.353%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4385	−0.794%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4385	−0.787%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4383	−0.833%	$375K	$831K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4389	−0.692%	$38.4M	$24.2M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4386	−0.762%	$661K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4385	−0.783%	$63.7M	$225.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4387	−0.742%	$69.4M	$122.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4389	−0.697%	$16.9M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4420	long leg	$72K	$87K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4383	−0.826%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4384	−0.810%	$11.5M	$15.9M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4387	−0.742%	$46.4M	$40.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4385	−0.787%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4388	−0.719%	$25.0M	$39.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4389	−0.697%	—	$22.0M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	−0.092%	$766K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4415	−0.108%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4403	−0.373%	$406K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	−0.335%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4385	−0.783%	$78K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4386	−0.765%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4386	−0.765%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4394	−0.584%	$129K	$486K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4382	−0.847%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4385	−0.782%	$396K	$788K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	−0.686%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0105%	1h	0.4390	−0.670%	$191K	$989K	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4385	−0.787%	$23K	$349K	25x	as long as short
Phemex ONDOUSDT	+0.0241%	4h	0.4387	−0.742%	$4.2M	$7.5M	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4418	−0.032%	$35K	$214K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.050%	$284K	$706K	50x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4388	−0.729%	$361	$2K	10x	as long as short
Lighter ONDO	+0.0480%	1h	0.4394	−0.593%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0549% / S −0.0190%	1h	0.4383	−0.822%	$483K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4383	−0.833%	$2K	—	20x	as long as short