Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against Binance+1.414%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 1.414% dearer against Binance than usual: you sell high and buy low, +$141 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4562	0.0100	pay 0.0050% / 4h	1h 37m	$67.1M	$225.0M	75x
Short	Ondo Perps ONDO-USD.P	0.4626	0.0100	get 0.0013% / 1h	37m 32s	$73K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +1.414%Rate

Funding earned: $0
Price spread: +1.414% → 0.000%: $141.39
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $126.39
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Binance: live order book, 6 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 6 min ago	1.10 bp	6.1 bp −$6	11.6 bp −$116	49.4 bp −$4,942	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0351%	1h	0.4576	+0.300%	$2.8M	$7.9M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4581	+0.421%	$26K	$396K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4580	+0.403%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4580	+0.399%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4561	−0.007%	$431K	$697K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4576	+0.308%	$743K	$2.1M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4562	long leg	$67.1M	$225.0M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4560	−0.039%	$74.2M	$120.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4560	−0.039%	$17.8M	$81.3M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4626	+1.414%	$73K	$87K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4570	+0.177%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4572	+0.224%	$11.9M	$18.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4575	+0.289%	$48.0M	$44.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4576	+0.311%	$13.6M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4560	−0.039%	$25.8M	$41.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4574	+0.267%	—	$742K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4578	+0.364%	$212K	$989K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	−0.347%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4609	+1.027%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4598	+0.794%	$431K	$938K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4562	+0.004%	$76K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4583	+0.465%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4580	+0.399%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4589	+0.596%	$133K	$510K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4577	+0.333%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4571	+0.203%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4571	+0.207%	$405K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4589	+0.604%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4553	−0.186%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4601	+0.859%	$894	$181K	5.5x	as long as short
ApeX Omni ONDOUSDT	+0.0244%	1h	0.4620	+1.276%	$163K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4580	+0.399%	$301K	$867K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4592	+0.662%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4570	+0.180%	$376	$2K	10x	as long as short
Hyperliquid ONDO	+0.0510%	1h	0.4566	+0.085%	$40.8M	$27.5M	10x	as long as short
Lighter ONDO	+0.0568%	1h	0.4585	+0.506%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0595% / S −0.0191%	1h	0.4580	+0.409%	$551K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4560	−0.032%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1295%	1h	0.4573	+0.248%	$259K	$130K	5x	as long as short