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 −0.003%

Price spread now: Gate against Binance−0.017%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.017%, 7d avg −0.033%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4299	0.0100	pay 0.0050% / 4h	2h 40m	$61.9M	$234.9M	75x
Short	Gate ONDO_USDT	0.4298	0.0100	get 0.0050% / 4h	2h 40m	$12.0M	$16.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.033%: $1.59
Slippage, 4 orders: −$21.22
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.63
Costs to cover: 0.462%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	1.16 bp	7.4 bp −$7	13.1 bp −$131	50.4 bp −$5,041	doesn't fit
Sell Gate live order book, 3 min ago	1.16 bp	14.4 bp −$14	29.3 bp −$293	48.8 bp −$4,881	82.5 bp −$41.3K

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	−0.0242%	1h	0.4307	+0.193%	$2.5M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4309	+0.239%	$18K	$362K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4300	+0.025%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0026%	1h	0.4300	+0.038%	$246K	$133K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.264%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0048%	1h	0.4297	−0.031%	$354	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4304	+0.114%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4302	+0.076%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4297	−0.034%	$350K	$876K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4299	0.000%	$36.0M	$26.1M	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDT	+0.0100%	4h	0.4300	+0.036%	$774K	$2.6M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4299	long leg	$61.9M	$234.9M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4301	+0.053%	$66.8M	$125.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4304	+0.123%	$17.1M	$72.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4298	−0.010%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4297	−0.032%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4298	−0.017%	$12.0M	$16.3M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4297	−0.040%	$42.3M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4294	−0.110%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4298	−0.017%	$24.6M	$40.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4299	+0.007%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4302	+0.081%	$175K	$985K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4307	+0.189%	$646K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	+0.522%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4328	+0.680%	$408K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4322	+0.542%	$133K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4299	0.000%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4311	+0.286%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4309	+0.239%	$448	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4324	+0.588%	$128K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4309	+0.239%	$4.1M	$8.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4299	+0.007%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4296	−0.061%	$387K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4304	+0.124%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4346	+1.100%	$218K	$767K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4323	+0.572%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4307	+0.193%	$3.1M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4298	−0.012%	$484K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4298	−0.015%	$2K	—	20x	as long as short