Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against SunX+0.023%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1361.356% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.023%, 7d avg +0.004%

Together, before fees−0.052%−$5 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	0.4379	0.0100	pay 0.0050% / 4h	16m 20s	—	$1.4M	20x
Short	MEXC ONDO_USDT	0.4380	0.0100	get 0.0050% / 4h	16m 20s	$44.2M	$42.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.004%: $1.87
Slippage, 4 orders: −$127.64
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$133.76
Costs to cover: 1.356%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; MEXC: live order book, 3 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, 8 min ago	46.64 bp	65.8 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.14 bp	1.1 bp −$1	5.0 bp −$50	18.3 bp −$1,831	97.9 bp −$48.9K

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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4378	−0.032%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4377	−0.046%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.316%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4382	+0.073%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4377	−0.046%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4380	+0.011%	$362K	$855K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4384	+0.119%	$37.7M	$24.8M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4379	+0.011%	$63.3M	$231.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4377	−0.046%	$67.6M	$126.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4379	0.000%	$17.0M	$73.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4385	+0.142%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4379	−0.005%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4377	−0.046%	$11.5M	$16.4M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4380	+0.023%	$44.2M	$42.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4377	−0.046%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4380	+0.023%	$25.1M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4377	−0.046%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4381	+0.053%	$189K	$978K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	+0.107%	$711K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4385	+0.129%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4386	+0.164%	$406K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4385	+0.137%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4380	+0.027%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4379	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4380	+0.023%	$455	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4386	+0.160%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4378	−0.023%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4379	−0.002%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4379	−0.004%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4381	+0.057%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4381	+0.043%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0214%	4h	0.4380	+0.033%	$757K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0275%	1h	0.4378	−0.012%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4379	0.000%	$271K	$727K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4383	+0.091%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4382	+0.078%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0435%	1h	0.4381	+0.046%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4376	−0.063%	$520K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4380	+0.017%	$2K	—	20x	as long as short