Funding arb · Price arb /

ONDO

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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: KuCoin against Binance−0.069%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.069%, 7d avg +0.014%

Together, before fees+0.091%+$9 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: KuCoin is 0.083% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4330	0.0100	pay 0.0050% / 4h	3h 00m	$62.4M	$233.8M	75x
Short	KuCoin ONDOUSDTM	0.4327	0.0100	get 0.0050% / 4h	3h 00m	$12.1M	$10.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → +0.014%: −$8.31
Slippage, 4 orders: −$26.69
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; KuCoin: 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, 13 min ago	1.15 bp	7.7 bp −$8	13.8 bp −$138	54.7 bp −$5,471	doesn't fit
Sell KuCoin live order book, 3 min ago	1.15 bp	16.0 bp −$16	29.9 bp −$299	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	−0.0162%	1h	0.4324	−0.147%	$2.6M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4324	−0.141%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.497%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4332	+0.042%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4324	−0.139%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4330	+0.012%	$357K	$868K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4330	−0.012%	$36.4M	$25.7M	10x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4330	long leg	$62.4M	$233.8M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4328	−0.046%	$67.4M	$125.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4330	0.000%	$17.0M	$72.5M	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	0.4329	−0.030%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4328	−0.039%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4328	−0.046%	$12.0M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4331	+0.023%	$42.6M	$42.5M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4327	−0.069%	$12.1M	$10.6M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4330	0.000%	$24.8M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4328	−0.046%	—	$763K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4325	−0.104%	$175K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4322	−0.191%	$681K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4332	+0.045%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	+0.057%	$404K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4331	+0.023%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4330	−0.012%	$65K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4325	−0.115%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4326	−0.092%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4337	+0.162%	$128K	$428K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4326	−0.092%	$4.2M	$8.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4329	−0.012%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4328	−0.050%	$388K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4328	−0.058%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0123%	4h	0.4329	−0.021%	$776K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4330	+0.002%	$356	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4326	−0.092%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4333	+0.069%	$218K	$765K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4321	−0.201%	$34K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4323	−0.162%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0553% / S −0.0193%	1h	0.4323	−0.154%	$481K	—	100x	as long as short
dYdX ONDO-USD	+0.1132%	1h	0.4326	−0.087%	$248K	$133K	5x	as long as short
Reya ONDORUSDPERP	+0.1155%	1h	0.4330	+0.005%	$2K	—	20x	as long as short