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ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against BingX+0.015%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDT	0.4504	0.0100	pay 0.0050% / 4h	2h 50m	—	$23.1M	—
Short	Aevo ONDO-PERP	0.4505	0.0104	get 0.0013% / 1h	50m 55s	$35K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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 BingXbpFee AevobpOrdersPrice spread, now +0.015%Rate

Funding earned: $0.84
Price spread: +0.015% → 0.000%: $1.51
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$23.65
Costs to cover: 0.260%
Break-even: 204.1 days

Slippage unknown: BingX: live order book, 3 min ago; Aevo: 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 BingX live order book, 3 min ago	1.11 bp	8.6 bp −$9	18.3 bp −$183	50.0 bp −$4,999	426.3 bp −$213.2K
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.1128%	1h	0.4507	+0.060%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4507	+0.067%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4506	+0.039%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	−0.060%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−1.954%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4505	+0.022%	$25K	$8K	10x	as long as short
Variational Omni ONDO	+0.0099%	4h	0.4527	+0.521%	$801K	$2.0M	—	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4506	+0.039%	$429K	$672K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4507	+0.062%	$40.6M	$27.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4506	+0.054%	$752K	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4505	+0.015%	$66.3M	$220.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4503	−0.022%	$72.5M	$117.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4503	−0.022%	$17.6M	$79.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4500	−0.084%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4502	−0.036%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4503	−0.022%	$11.8M	$18.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4504	0.000%	$47.6M	$45.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4504	0.000%	$13.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4504	0.000%	$25.4M	$41.1M	50x	as long as short
BingX ONDO-USDTlong	+0.0100%	4h	0.4504	long leg	—	$23.1M	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4506	+0.040%	$195K	$975K	15x	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4513	+0.196%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4531	+0.589%	$420K	$937K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4517	+0.289%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4507	+0.062%	$88K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4505	+0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4504	0.000%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4511	+0.155%	$125K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4505	+0.022%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4502	−0.053%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4503	−0.024%	$402K	$987K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4505	+0.015%	$35K	—	3x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4520	+0.355%	$304K	$839K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4502	−0.044%	$3.2M	$3.1M	75x	as long as short
Lighter ONDO	+0.0376%	1h	0.4513	+0.193%	$1.4M	$2.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0600%	1h	0.4506	+0.040%	$371	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0616% / S −0.0203%	1h	0.4505	+0.033%	$560K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4506	+0.035%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.0274%	1h	0.4507	+0.061%	$255K	$117K	5x	as long as short