Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Polymarket Perps−0.057%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.754%−$75 · spread now −0.057%, 7d avg −0.053%

Together, before fees−0.746%−$75 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ONDO-USD	0.4402	0.0100	pay 0.0013% / 1h	17m 13s	$93K	$1.4M	10x
Short	KuCoin ONDOUSDTM	0.4400	0.0100	get 0.0050% / 4h	2h 17m	$13.1M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.053%: −$0.4
Slippage, 4 orders: −$28.05
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$48.45
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; KuCoin: live order book, 1 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 Polymarket Perps live order book, 1 min ago	1.25 bp	8.7 bp −$9	9.4 bp −$94	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	1.13 bp	20.5 bp −$21	36.3 bp −$363	doesn't fit	doesn't fit

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
Kraken Futures PF_ONDOUSD	−0.0363%	1h	0.4402	−0.013%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4404	+0.023%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4400	−0.057%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.759%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4402	−0.011%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4400	−0.045%	$385K	$861K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4403	+0.011%	$672K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4403	+0.011%	$63.9M	$231.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4402	−0.011%	$69.7M	$125.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4404	+0.034%	$17.0M	$75.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4413	+0.229%	$72K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4399	−0.086%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4401	−0.034%	$11.6M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4403	+0.011%	$46.3M	$43.6M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4400	−0.057%	$13.1M	$11.1M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4403	+0.011%	$25.0M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4403	+0.011%	—	$760K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	+0.299%	$769K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4408	+0.114%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4412	+0.226%	$419K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	+0.057%	$135K	$366K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4402	long leg	$93K	$1.4M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4404	+0.034%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4404	+0.034%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4409	+0.148%	$129K	$506K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4404	+0.042%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4403	+0.008%	$398K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4405	+0.057%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0142%	1h	0.4402	−0.020%	$201K	$1.0M	15x	as long as short
Hyperliquid ONDO	+0.0273%	1h	0.4404	+0.030%	$38.8M	$25.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.443%	$284K	$744K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.516%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4402	−0.016%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4403	+0.011%	$23K	$349K	25x	as long as short
Phemex ONDOUSDT	+0.0451%	4h	0.4403	+0.011%	$4.2M	$7.4M	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4401	−0.040%	$485K	—	100x	as long as short
Lighter ONDO	+0.0776%	1h	0.4410	+0.177%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4401	−0.031%	$2K	—	20x	as long as short