Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.054%

Price spread now: 01 Exchange against Binance+0.005%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4403	0.0100	pay 0.0050% / 4h	0m 26s	$63.6M	$230.7M	75x
Short	01 Exchange ONDOUSD	0.4403	0.0216	get 0.0027% / 1h	0m 26s	$362	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.005%Rate

Funding earned: $24.36
Price spread: +0.005% → 0.000%: $0.45
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $7.81
Costs to cover: 0.170%
Break-even: 4.8 days

Slippage unknown: Binance: live order book, 13 min ago; 01 Exchange: 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, 13 min ago	1.14 bp	9.5 bp −$9	14.7 bp −$147	53.9 bp −$5,391	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4401	−0.043%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4398	−0.121%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.747%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4406	+0.073%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4401	−0.045%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4404	+0.023%	$364K	$847K	10x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4403	long leg	$63.6M	$230.7M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4401	−0.045%	$68.1M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4403	0.000%	$17.2M	$73.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4386	−0.379%	$73K	$84K	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	0.4401	−0.037%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4402	−0.023%	$11.6M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4403	0.000%	$44.7M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4402	−0.023%	$12.8M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4405	+0.045%	$25.3M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4402	−0.023%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4401	−0.034%	$187K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4399	−0.097%	$719K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4391	−0.266%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4393	−0.227%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4396	−0.159%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4403	−0.009%	$69K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4402	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4399	−0.091%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4408	+0.114%	$130K	$434K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4399	−0.091%	$4.3M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4403	+0.005%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4402	−0.028%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4405	+0.034%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0151%	1h	0.4406	+0.079%	$37.9M	$24.7M	10x	as long as short
dYdX ONDO-USD	+0.0200%	1h	0.4399	−0.080%	$249K	$129K	5x	as long as short
01 Exchange ONDOUSDshort	+0.0216%	1h	0.4403	+0.005%	$362	$2K	10x
Aster ONDOUSDT	+0.0227%	4h	0.4406	+0.068%	$763K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4402	−0.023%	$272K	$731K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4404	+0.023%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4396	−0.148%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4400	−0.068%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0608% / S −0.0219%	1h	0.4401	−0.052%	$523K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4403	+0.005%	$2K	—	20x	as long as short