Settings8H · net · $10k
Funding arb · Price arb /

ONDO

all ONDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.1059%/8h= −116.0% APRnext payment $1.32 per $10,000 · paid last 24h −0.310%
Price spread now: ApeX Omni against Reya−0.091%63s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and ApeX Omni is 0.091% cheaper against Reya than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya ONDORUSDPERP0.43230.1159pay 0.0145% / 1h50m 12s$2K20x
ShortApeX Omni ONDOUSDT0.43190.0100get 0.0013% / 1h50m 12s$132K$339K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. 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

Funding earned
−$222.49
Price spread: −0.091% → 0.000%
−$9.12
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$247.6
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 52 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell ApeX Omni live order book, 52 min ago3.47 bp8.6 bp −$921.5 bp −$215doesn't fitdoesn't fit
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ONDOUSD−0.0176%1h0.4327+0.086%$2.5M$7.7M50xas long as short
Deribit ONDO_USDC-PERPETUAL0.0000%1h0.4327+0.094%$18K$351K25xas long as short
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0011%1h0.4322−0.013%$7K150xas long as short
Injective ONDO/USDC PERP+0.0033%1h0.4568+5.669%$888$216K5.5xas long as short
Lighter ONDO+0.0096%1h0.4331+0.179%$1.1M$2.3M10xas long as short
Nado ONDO-PERP+0.0100%1h0.4322−0.028%$347K$887K10xas long as short
Aster ONDOUSDT+0.0100%4h0.4331+0.197%$777K$2.7M20xas long as short
Binance ONDOUSDT+0.0100%4h0.4331+0.182%$62.7M$233.4M75xas long as short
Bybit ONDOUSDT+0.0100%4h0.4327+0.094%$68.0M$122.0M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.4329+0.140%$17.3M$71.9M50xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps ONDO-USD.P+0.0100%1h0.4319−0.098%$71K$81K10xas long as short
RISEx ONDO/USDC+0.0100%1h0.4322−0.027%5xas long as short
Gate ONDO_USDT+0.0100%4h0.4327+0.094%$12.7M$15.8M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.4329+0.140%$43.8M$41.9M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4326+0.071%$12.0M$10.4M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.4329+0.140%$24.7M$36.7M50xas long as short
BingX ONDO-USDT+0.0100%4h0.4328+0.117%$23.1Mas long as short
Backpack ONDO_USDC_PERP+0.0100%1h0.4330+0.156%$177K$993K15xas long as short
Variational Omni ONDO+0.0100%4h0.4322−0.018%$734K$1.8Mas long as short
edgeX ONDOUSDC+0.0100%4h0.4320−0.072%$5K$316K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4326+0.079%$398K$1.5M10xas long as short
ApeX Omni ONDOUSDTshort+0.0100%1h0.4319−0.091%$132K$339K50x
Polymarket Perps ONDO-USD+0.0100%1h0.4324+0.015%$61K$1.4M10xas long as short
Orderly PERP_ONDO_USDC+0.0100%4h0.4325+0.048%$23K$6K10xas long as short
SunX ONDO-USDT+0.0100%4h0.4324+0.024%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4328+0.117%$450$14K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4332+0.210%$129K$395K50xas long as short
Phemex ONDOUSDT+0.0100%4h0.4328+0.117%$4.2M$8.7M50xas long as short
Paradex ONDO-USD-PERP+0.0101%8h0.4321−0.052%$6K10xas long as short
Extended ONDO-USD+0.0104%1h0.4327+0.084%$356K$810K25xas long as short
Aevo ONDO-PERP+0.0104%1h0.4330+0.152%$38K$13K3xas long as short
01 Exchange ONDOUSD+0.0232%1h0.4324+0.013%$356$2K10xas long as short
Coinbase International ONDO-PERP-INTX+0.0280%1h0.4328+0.117%$214K$731K50xas long as short
Hyperliquid ONDO+0.0306%1h0.4334+0.251%$36.5M$27.1M10xas long as short
Phoenix ONDO+0.0315%1h0.4327+0.087%$35K$221K10xas long as short
BloFin ONDO-USDT+0.0340%4h0.4327+0.094%$3.2M$3.2M75xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0572% / S −0.0203%1h0.4323−0.005%$494K100xas long as short
Reya ONDORUSDPERPlong+0.1159%1h0.4323long leg$2K20x
dYdX ONDO-USD+0.1535%1h0.4328+0.121%$243K$156K5xas long as short