Funding arb · Price arb /

ONDO

all ONDO markets

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: edgeX against Binance−0.466%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

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

costs, in and out, $10k−$340.338% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.492%+$49 · spread now −0.466%, 7d avg −0.001%

Together, before fees+0.492%+ Points / potential airdropedgeX: Active · farm board+$49 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: edgeX is 0.464% cheaper against Binance than usual: you would sell low and buy high, −$46 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4327	0.0100	pay 0.0050% / 4h	2h 21m	$62.3M	$236.7M	75x
Short	edgeX ONDOUSDC	0.4307	0.0100	get 0.0050% / 4h	2h 21m	$4K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.466%Rate

Funding earned: $0
Price spread: −0.466% → −0.001%: −$46.41
Slippage, 4 orders: −$14.79
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$80.2
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; edgeX: live order book, 27 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, 7 min ago	1.16 bp	8.2 bp −$8	13.1 bp −$131	50.1 bp −$5,010	doesn't fit
Sell edgeX live order book, 27 min ago	4.61 bp	9.1 bp −$9	15.6 bp −$156	doesn't fit	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	−0.0241%	1h	0.4322	−0.126%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4319	−0.190%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0013%	1h	0.4320	−0.176%	$242K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.566%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4328	+0.010%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4327	−0.004%	$349K	$882K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4328	+0.015%	$36.1M	$26.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4328	+0.011%	$774K	$2.7M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4327	long leg	$62.3M	$236.7M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4324	−0.073%	$67.5M	$126.0M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4327	−0.004%	$17.2M	$73.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4298	−0.683%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4324	−0.084%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4323	−0.096%	$12.1M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4325	−0.050%	$42.8M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4323	−0.096%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4326	−0.027%	$24.8M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4324	−0.073%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4325	−0.038%	$177K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4294	−0.771%	$648K	$1.7M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4307	−0.466%	$4K	$316K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4313	−0.329%	$398K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4306	−0.489%	$132K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4328	+0.010%	$65K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4321	−0.142%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4324	−0.073%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4325	−0.050%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4332	+0.112%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4325	−0.050%	$4.1M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4325	−0.057%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4324	−0.066%	$389K	$795K	25x	as long as short
01 Exchange ONDOUSD	+0.0104%	1h	0.4327	+0.006%	$356	$2K	10x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4327	0.000%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4323	−0.096%	$217K	$759K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4311	−0.383%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4308	−0.443%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0444%	1h	0.4324	−0.073%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0561% / S −0.0197%	1h	0.4318	−0.207%	$486K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4326	−0.027%	$2K	—	20x	as long as short