Funding arb · Price arb /

ONDO

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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: Binance against BingX−0.082%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1821.821% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.284%+$28 · spread now −0.082%, 7d avg +0.030%

Together, before fees+0.238%+$24 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: Binance is 0.112% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDC	0.4539	0.0100	pay 0.0050% / 4h	2h 58m	—	$745K	—
Short	Binance ONDOUSDT	0.4535	0.0100	get 0.0050% / 4h	2h 58m	$66.8M	$221.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → +0.030%: −$11.18
Slippage, 4 orders: −$162.14
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$193.32
Costs to cover: 1.821%
Break-even: never at this rate

Slippage from BingX: live order book, 65 min ago; Binance: live order book, 15 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, 65 min ago	2.26 bp	114.1 bp −$114	170.9 bp −$1,709	609.8 bp −$61.0K	1006.6 bp −$503.3K
Sell Binance live order book, 15 min ago	1.12 bp	7.9 bp −$8	15.4 bp −$154	52.0 bp −$5,198	374.6 bp −$187.3K

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	−0.1121%	1h	0.4537	−0.047%	$3.1M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4539	0.000%	$20K	$344K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4541	+0.033%	$6K	—	150x	as long as short
Bybit ONDOUSDT	+0.0013%	4h	0.4538	−0.022%	$73.9M	$117.0M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−2.710%	$994	$82K	5.5x	as long as short
Variational Omni ONDO	+0.0062%	4h	0.4524	−0.340%	$799K	$2.0M	—	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4538	−0.022%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4547	+0.182%	$440K	$666K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4547	+0.170%	$761K	$2.0M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4535	−0.082%	$66.8M	$221.5M	75x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4536	−0.066%	$17.8M	$80.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4545	+0.137%	$73K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4540	+0.013%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4544	+0.110%	$11.9M	$18.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4543	+0.088%	$48.1M	$44.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4549	+0.220%	$14.0M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4538	−0.022%	$25.6M	$41.2M	50x	as long as short
BingX ONDO-USDClong	+0.0100%	4h	0.4539	long leg	—	$745K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4553	+0.308%	$227K	$943K	15x	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4500	−0.869%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4495	−0.969%	$423K	$925K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4503	−0.793%	$159K	$329K	50x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4535	−0.088%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4533	−0.132%	$471	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4564	+0.551%	$126K	$514K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4534	−0.110%	$4.9M	$6.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4541	+0.044%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4536	−0.067%	$407K	$994K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4538	−0.031%	$36K	—	3x	as long as short
Polymarket Perps ONDO-USD	+0.0133%	1h	0.4551	+0.264%	$79K	$1.0M	10x	as long as short
Phoenix ONDO	+0.0144%	1h	0.4508	−0.692%	$29K	$220K	10x	as long as short
Hyperliquid ONDO	+0.0151%	1h	0.4549	+0.223%	$41.0M	$27.6M	10x	as long as short
01 Exchange ONDOUSD	+0.0296%	1h	0.4550	+0.242%	$374	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4541	+0.044%	$311K	$837K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4553	+0.308%	$3.3M	$3.1M	75x	as long as short
Lighter ONDO	+0.0344%	1h	0.4542	+0.071%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0619% / S −0.0203%	1h	0.4540	+0.019%	$565K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4544	+0.111%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.8196%	1h	0.4546	+0.155%	$257K	$117K	5x	as long as short