Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.058%

Price spread now: HTX against 01 Exchange+0.158%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.158% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.158% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4553	0.0400	pay 0.0050% / 1h	39m 40s	$375	$2K	10x
Short	HTX ONDO-USDT	0.4560	0.0100	get 0.0050% / 4h	39m 40s	$133K	$504K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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 01 ExchangebpFee HTXbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$63
Price spread: +0.158% → 0.000%: $15.81
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$66.19
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 39 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 39 min ago	27.12 bp	62.2 bp −$62	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ONDOUSD	−0.0802%	1h	0.4549	−0.077%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.334%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4550	−0.057%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4549	−0.083%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4550	−0.062%	$430K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4554	+0.026%	$723K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4552	−0.027%	$68.0M	$228.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4551	−0.040%	$73.7M	$123.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4550	−0.062%	$17.7M	$81.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4544	−0.200%	$74K	$89K	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	0.4550	−0.066%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4549	−0.083%	$12.0M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4551	−0.040%	$49.3M	$43.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4552	−0.018%	$14.0M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4552	−0.018%	$25.7M	$41.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4552	−0.018%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4559	+0.135%	$780K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4555	+0.048%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4556	+0.080%	$420K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4560	+0.158%	$173K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4552	−0.009%	$68K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4550	−0.062%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4551	−0.040%	$473	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4560	+0.158%	$133K	$504K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4552	−0.018%	$4.6M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4550	−0.062%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4550	−0.068%	$407K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4552	−0.018%	$44K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0136%	1h	0.4552	−0.024%	$230K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0190%	1h	0.4551	−0.040%	$36K	$436K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4565	+0.257%	$38K	$257K	10x	as long as short
Hyperliquid ONDO	+0.0298%	1h	0.4556	+0.081%	$40.4M	$26.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4574	+0.466%	$299K	$855K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4553	+0.004%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSDlong	+0.0400%	1h	0.4553	long leg	$375	$2K	10x
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4550	−0.072%	$543K	—	100x	as long as short
Lighter ONDO	+0.0880%	1h	0.4561	+0.182%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4550	−0.063%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.5379%	1h	0.4549	−0.073%	$257K	$131K	5x	as long as short