Funding arb · Price arb /

ONDO

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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: BingX against Binance−0.087%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.087%, 7d avg −0.017%

Together, before fees+0.137%+$14 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: BingX is 0.070% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4605	0.0100	pay 0.0050% / 4h	3h 17m	$69.1M	$221.9M	75x
Short	BingX ONDO-USDT	0.4601	0.0100	get 0.0050% / 4h	3h 17m	—	$22.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.017%: −$7
Slippage, 4 orders: −$16.15
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$43.15
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; BingX: live order book, 6 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 Binance live order book, 11 min ago	1.08 bp	7.7 bp −$8	14.6 bp −$146	54.2 bp −$5,421	doesn't fit
Sell BingX live order book, 6 min ago	1.08 bp	7.0 bp −$7	16.4 bp −$164	42.7 bp −$4,265	330.5 bp −$165.2K

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	−0.0869%	1h	0.4599	−0.138%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4582	−0.489%	$259K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4591	−0.300%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.803%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4596	−0.195%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4588	−0.364%	$430K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4602	−0.064%	$734K	$2.1M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4605	long leg	$69.1M	$221.9M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4602	−0.065%	$74.3M	$119.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4603	−0.043%	$17.6M	$78.3M	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	0.4588	−0.374%	$73K	$91K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4582	−0.498%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4599	−0.130%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4601	−0.087%	$49.6M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4600	−0.109%	$14.3M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4604	−0.022%	$26.1M	$38.9M	50x	as long as short
BingX ONDO-USDTshort	+0.0100%	4h	0.4601	−0.087%	—	$22.1M	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4604	−0.024%	$231K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4605	−0.006%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4606	+0.015%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4603	−0.043%	$432K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4604	−0.022%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4591	−0.298%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4589	−0.347%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4598	−0.152%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4621	+0.347%	$136K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4599	−0.130%	$4.5M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4581	−0.530%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4600	−0.114%	$417K	$826K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4597	−0.163%	$40K	$13K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4610	+0.106%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4587	−0.382%	$378	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4617	+0.261%	$299K	$820K	50x	as long as short
Hyperliquid ONDO	+0.0332%	1h	0.4610	+0.113%	$41.0M	$25.1M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4587	−0.391%	$3.3M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4598	−0.152%	$34K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0188%	1h	0.4591	−0.300%	$548K	—	100x	as long as short
Lighter ONDO	+0.0624%	1h	0.4611	+0.132%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4589	−0.342%	$2K	—	20x	as long as short