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: MEXC against Binance−0.027%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.036%+$4 · spread now −0.027%, 7d avg −0.015%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4609	0.0100	pay 0.0050% / 4h	3h 11m	$69.0M	$221.0M	75x
Short	MEXC ONDO_USDT	0.4608	0.0100	get 0.0050% / 4h	3h 11m	$49.8M	$42.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.015%: −$1.24
Slippage, 4 orders: −$12.95
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$24.18
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; MEXC: 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, 2 min ago	1.08 bp	9.4 bp −$9	16.0 bp −$160	55.2 bp −$5,522	doesn't fit
Sell MEXC live order book, 2 min ago	1.08 bp	1.9 bp −$2	3.6 bp −$36	18.4 bp −$1,842	108.8 bp −$54.4K

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	−0.0866%	1h	0.4613	+0.072%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4607	−0.043%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4611	+0.027%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.895%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4611	+0.038%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4612	+0.065%	$433K	$706K	10x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4609	long leg	$69.0M	$221.0M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4608	−0.027%	$74.2M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4608	−0.027%	$17.7M	$78.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4625	+0.346%	$73K	$92K	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	0.4609	−0.015%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4607	−0.049%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4608	−0.027%	$49.8M	$42.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4609	−0.005%	$14.3M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4610	+0.016%	$26.2M	$38.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4609	−0.005%	—	$22.1M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4608	−0.032%	$818K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4615	+0.132%	$5K	$321K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4612	+0.068%	$426K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4616	+0.147%	$172K	$336K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4617	+0.173%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4611	+0.038%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4613	+0.082%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4622	+0.277%	$136K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4609	−0.005%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4611	+0.045%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4608	−0.027%	$419K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4615	+0.121%	$40K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0107%	4h	0.4613	+0.071%	$727K	$2.1M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0120%	1h	0.4610	+0.010%	$232K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4588	−0.457%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4614	+0.095%	$380	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4632	+0.494%	$300K	$821K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4618	+0.190%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0364%	1h	0.4612	+0.071%	$41.0M	$25.1M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0400%	1h	0.4615	+0.125%	$34K	$342K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4611	+0.033%	$550K	—	100x	as long as short
Lighter ONDO	+0.0680%	1h	0.4619	+0.218%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4612	+0.066%	$2K	—	20x	as long as short