Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX−0.497%83s7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1301.297% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)+0.557%+$56 · spread now −0.497%, 7d avg +0.051%

Together, before fees+0.569%+$57 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.548% cheaper against BingX than usual: you would sell low and buy high, −$55 on $10k if it goes back to its 7-day average of +0.051%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDC	0.4627	0.0100	pay 0.0050% / 4h	3h 14m	—	$745K	—
Short	ApeX Omni ONDOUSDT	0.4604	0.0100	get 0.0013% / 1h	14m 06s	$172K	$349K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.497%Rate

Funding earned: $0
Price spread: −0.497% → +0.051%: −$54.85
Slippage, 4 orders: −$109.68
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$184.53
Costs to cover: 1.297%
Break-even: never at this rate

Slippage from BingX: live order book, 75 min ago; ApeX Omni: live order book, 58 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 BingX live order book, 75 min ago	2.20 bp	62.9 bp −$63	98.0 bp −$980	596.4 bp −$59.6K	967.6 bp −$483.8K
Sell ApeX Omni live order book, 58 min ago	2.19 bp	7.4 bp −$7	21.1 bp −$211	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	−0.0862%	1h	0.4632	+0.101%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4612	−0.320%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4629	+0.043%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−1.275%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4630	+0.065%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4627	+0.011%	$434K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4629	+0.043%	$738K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4625	−0.043%	$69.4M	$221.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4621	−0.130%	$74.5M	$119.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4616	−0.238%	$17.7M	$78.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4593	−0.726%	$73K	$91K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4621	−0.129%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4626	−0.022%	$12.2M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4629	+0.043%	$50.0M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4633	+0.130%	$14.4M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4628	+0.022%	$26.2M	$38.7M	50x	as long as short
BingX ONDO-USDClong	+0.0100%	4h	0.4627	long leg	—	$745K	—
Variational Omni ONDO	+0.0100%	4h	0.4608	−0.415%	$818K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4603	−0.508%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4605	−0.481%	$425K	$967K	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4604	−0.497%	$172K	$349K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4629	+0.054%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4626	−0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4632	+0.108%	$481	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4641	+0.303%	$136K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4627	0.000%	$4.6M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4621	−0.135%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4629	+0.042%	$419K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4633	+0.122%	$40K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0117%	1h	0.4630	+0.071%	$233K	$999K	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4588	−0.839%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4628	+0.013%	$381	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4623	−0.086%	$300K	$820K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4613	−0.303%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0363%	1h	0.4633	+0.136%	$41.2M	$25.1M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0398%	1h	0.4632	+0.108%	$34K	$342K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0593% / S −0.0188%	1h	0.4629	+0.041%	$552K	—	100x	as long as short
Lighter ONDO	+0.0664%	1h	0.4637	+0.220%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4629	+0.049%	$2K	—	20x	as long as short