Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance−0.008%7-day average −0.026% · 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−$34as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.008%, 7d avg −0.026%

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	0.4553	0.0100	pay 0.0050% / 4h	1h 35m	$67.0M	$225.2M	75x
Short	OKX ONDO-USDT-SWAP	0.4553	0.0100	get 0.0050% / 4h	1h 35m	$17.8M	$81.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.026%: $1.73
Slippage, 4 orders: −$15.61
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.88
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; OKX: 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, 8 min ago	1.10 bp	6.1 bp −$6	11.6 bp −$116	49.4 bp −$4,942	doesn't fit
Sell OKX live order book, 3 min ago	1.09 bp	10.1 bp −$10	23.1 bp −$231	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	−0.0353%	1h	0.4558	+0.098%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4563	+0.218%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4562	+0.189%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4566	+0.277%	$431K	$697K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4557	+0.078%	$739K	$2.1M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4553	long leg	$67.0M	$225.2M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4553	−0.008%	$74.2M	$120.5M	50x	as long as short
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4553	−0.008%	$17.8M	$81.3M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4573	+0.426%	$74K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4565	+0.254%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4551	−0.052%	$11.8M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4552	−0.030%	$47.8M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4553	−0.008%	$13.8M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4553	−0.008%	$25.7M	$41.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4553	−0.008%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4560	+0.154%	$221K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	−0.163%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4609	+1.214%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4598	+0.981%	$431K	$938K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4565	+0.244%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4561	+0.167%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4561	+0.167%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4572	+0.409%	$133K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4559	+0.123%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4564	+0.232%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4552	−0.036%	$405K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4566	+0.277%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4553	−0.002%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4601	+1.046%	$894	$181K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4564	+0.233%	$26K	$396K	25x	as long as short
ApeX Omni ONDOUSDT	+0.0244%	1h	0.4620	+1.463%	$163K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4574	+0.453%	$301K	$867K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4568	+0.321%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4568	+0.319%	$376	$2K	10x	as long as short
Hyperliquid ONDO	+0.0492%	1h	0.4564	+0.224%	$40.8M	$27.5M	10x	as long as short
Lighter ONDO	+0.0592%	1h	0.4568	+0.332%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0594% / S −0.0191%	1h	0.4562	+0.180%	$549K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4564	+0.236%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1399%	1h	0.4566	+0.284%	$258K	$130K	5x	as long as short