Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX+0.068%47s7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1561.557% of the position

Long on SunX Short on ApeX Omni

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)+0.183%+$18 · spread now +0.068%, 7d avg +0.050%

Together, before fees+0.175%+$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4383	0.0100	pay 0.0050% / 4h	1h 03m	—	$1.4M	20x
Short	ApeX Omni ONDOUSDT	0.4386	0.0100	get 0.0013% / 1h	3m 35s	$135K	$354K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.050%: $1.87
Slippage, 4 orders: −$137.67
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$153.8
Costs to cover: 1.557%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; ApeX Omni: live order book, 59 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 SunX live order book, 11 min ago	46.36 bp	65.6 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	4.53 bp	11.0 bp −$11	26.5 bp −$265	doesn't fit	doesn't fit

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
dYdX ONDO-USD	+0.0001%	1h	0.4377	−0.146%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4380	−0.068%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.221%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0062%	1h	0.4381	−0.050%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4380	−0.068%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4380	−0.080%	$369K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4383	−0.008%	$63.7M	$226.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4383	0.000%	$69.6M	$123.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4381	−0.046%	$17.0M	$71.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4383	+0.007%	$72K	$84K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4381	−0.046%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4378	−0.114%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4380	−0.068%	$47.3M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4376	−0.160%	$12.8M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4379	−0.091%	$25.0M	$39.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4379	−0.091%	—	$761K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4386	+0.060%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4386	+0.069%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4391	+0.192%	$413K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4386	+0.068%	$135K	$354K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4385	+0.037%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4383	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4383	0.000%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4390	+0.160%	$129K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4386	+0.068%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4378	−0.118%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4380	−0.065%	$396K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4383	+0.004%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0122%	1h	0.4378	−0.112%	$38.0M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0163%	1h	0.4383	0.000%	$188K	$981K	15x	as long as short
Aster ONDOUSDT	+0.0191%	4h	0.4380	−0.070%	$734K	$2.3M	20x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0207%	1h	0.4382	−0.023%	$23K	$349K	25x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4394	+0.260%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4392	+0.205%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4385	+0.043%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4386	+0.068%	$279K	$714K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4380	−0.073%	$483K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4387	+0.098%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4381	−0.041%	$2K	—	20x	as long as short