Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h 0.000%

Price spread now: Binance against ApeX Omni+1.123%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs+$80as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 3 days (all we have)−1.301%−$130 · spread now +1.123%, 7d avg −0.023%

Together, before fees−1.359%−$136 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 1.146% dearer against ApeX Omni than usual: you sell high and buy low (spread +1.123% now, against its 7-day average of −0.023%): +$115 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.058% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ONDOUSDT	0.4546	0.0160	pay 0.0020% / 1h	38m 58s	$160K	$333K	50x
Short	Binance ONDOUSDT	0.4597	0.0100	get 0.0050% / 4h	1h 38m	$67.7M	$223.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +1.123%Rate

Funding earned: −$12.6
Price spread: +1.123% → −0.023%: $114.56
Slippage, 4 orders: −$14.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $67.6
Costs to cover: 0.344%
Break-even: from the start

Slippage from ApeX Omni: live order book, 43 min ago; Binance: live order book, 4 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 ApeX Omni live order book, 43 min ago	2.20 bp	10.5 bp −$11	27.7 bp −$277	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.10 bp	8.0 bp −$8	13.4 bp −$134	54.0 bp −$5,403	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	−0.0350%	1h	0.4591	+0.980%	$2.8M	$7.9M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4606	+1.320%	$16K	$385K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4610	+1.416%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4602	+1.232%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4613	+1.474%	$439K	$690K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4604	+1.276%	$747K	$2.0M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4597	+1.123%	$67.7M	$223.8M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4596	+1.100%	$74.7M	$119.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4594	+1.056%	$17.9M	$81.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4626	+1.766%	$73K	$87K	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	0.4608	+1.368%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4598	+1.144%	$12.0M	$18.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4602	+1.232%	$48.4M	$44.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4600	+1.188%	$13.8M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4600	+1.188%	$26.0M	$41.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4595	+1.078%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4594	+1.062%	$209K	$985K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	−0.001%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4547	+0.015%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4547	+0.012%	$420K	$928K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4616	+1.533%	$98K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4624	+1.716%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4596	+1.100%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4613	+1.474%	$133K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4593	+1.034%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4619	+1.603%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4602	+1.231%	$407K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4606	+1.320%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4553	+0.161%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4601	+1.210%	$894	$181K	5.5x	as long as short
ApeX Omni ONDOUSDTlong	+0.0160%	1h	0.4546	long leg	$160K	$333K	50x
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4597	+1.122%	$302K	$869K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4592	+1.012%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4618	+1.584%	$380	$2K	10x	as long as short
Hyperliquid ONDO	+0.0531%	1h	0.4603	+1.247%	$41.2M	$27.4M	10x	as long as short
Lighter ONDO	+0.0568%	1h	0.4603	+1.265%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0598% / S −0.0191%	1h	0.4609	+1.396%	$555K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4616	+1.545%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1308%	1h	0.4617	+1.569%	$261K	$130K	5x	as long as short