Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX+0.070%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1681.678% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.070%, 7d avg −0.015%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.084% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4313	0.0100	pay 0.0050% / 4h	17m 35s	—	$1.4M	20x
Short	OKX ONDO-USDT-SWAP	0.4316	0.0100	get 0.0050% / 4h	17m 35s	$17.3M	$71.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → −0.015%: $8.44
Slippage, 4 orders: −$149.79
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$159.35
Costs to cover: 1.678%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; OKX: 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 SunX live order book, 7 min ago	47.65 bp	69.8 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.16 bp	9.4 bp −$9	19.4 bp −$194	146.0 bp −$14.6K	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
Kraken Futures PF_ONDOUSD	−0.0176%	1h	0.4311	−0.036%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4312	−0.024%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.912%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4318	+0.116%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4312	−0.023%	$345K	$886K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4314	+0.023%	$755K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4316	+0.066%	$62.8M	$233.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4315	+0.046%	$68.0M	$122.2M	50x	as long as short
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4316	+0.070%	$17.3M	$71.7M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4305	−0.190%	$71K	$80K	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	0.4315	+0.042%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4315	+0.046%	$12.9M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4316	+0.070%	$43.9M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4314	+0.023%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4317	+0.093%	$24.6M	$36.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4315	+0.046%	—	$23.0M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4314	+0.012%	$175K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4292	−0.493%	$673K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4302	−0.259%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4297	−0.371%	$395K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4302	−0.255%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4314	+0.016%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4312	−0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4313	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4314	+0.023%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4317	+0.093%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4313	0.000%	$4.2M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4314	+0.013%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4315	+0.038%	$355K	$808K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4315	+0.046%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4318	+0.116%	$355	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4309	−0.093%	$213K	$730K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4300	−0.299%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4310	−0.070%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0353%	1h	0.4320	+0.160%	$36.5M	$27.2M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0446%	1h	0.4315	+0.046%	$18K	$351K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4311	−0.051%	$493K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4312	−0.029%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1675%	1h	0.4310	−0.070%	$242K	$156K	5x	as long as short