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: Bybit against Binance−0.033%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.033%, 7d avg −0.030%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4436	0.0100	pay 0.0050% / 4h	1h 17m	$64.4M	$225.3M	75x
Short	Bybit ONDOUSDT	0.4435	0.0100	get 0.0050% / 4h	1h 17m	$70.3M	$122.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.030%: −$0.36
Slippage, 4 orders: −$14.3
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.66
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 2 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	1.13 bp	9.1 bp −$9	14.2 bp −$142	51.3 bp −$5,129	doesn't fit
Sell Bybit live order book, 2 min ago	1.13 bp	8.6 bp −$9	13.9 bp −$139	51.0 bp −$5,096	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
dYdX ONDO-USD	+0.0001%	1h	0.4430	−0.143%	$251K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4433	−0.069%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.965%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4432	−0.106%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4429	−0.168%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4437	+0.023%	$375K	$837K	10x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4436	long leg	$64.4M	$225.3M	75x
Bybit ONDOUSDTshort	+0.0100%	4h	0.4435	−0.033%	$70.3M	$122.8M	50x
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4438	+0.034%	$17.2M	$72.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4447	+0.230%	$73K	$88K	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	0.4434	−0.062%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4434	−0.056%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4434	−0.056%	$47.3M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4433	−0.078%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4435	−0.033%	$25.3M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4435	−0.033%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4441	+0.095%	$720K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4438	+0.041%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4439	+0.048%	$415K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4443	+0.147%	$137K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4437	+0.019%	$68K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4436	−0.011%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4433	−0.078%	$461	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4439	+0.057%	$131K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4435	−0.033%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4435	−0.025%	$400K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4433	−0.068%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4434	−0.061%	$6K	—	10x	as long as short
Hyperliquid ONDO	+0.0157%	1h	0.4437	+0.003%	$38.5M	$24.2M	10x	as long as short
Aster ONDOUSDT	+0.0184%	4h	0.4437	+0.022%	$714K	$2.3M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0210%	1h	0.4435	−0.040%	$192K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4440	+0.082%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4438	+0.034%	$3.1M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4437	+0.023%	$365	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4432	−0.101%	$281K	$727K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0427%	1h	0.4432	−0.101%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0553% / S −0.0190%	1h	0.4429	−0.175%	$489K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4443	+0.156%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4435	−0.041%	$2K	—	20x	as long as short