Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX0.000%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days+0.019%+$2 · spread now 0.000%, 7d avg +0.004%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDT	0.4550	0.0100	pay 0.0050% / 4h	3h 46m	—	$22.2M	—
Short	Bitget ONDOUSDT	0.4550	0.0100	get 0.0050% / 4h	3h 46m	$25.7M	$40.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.004%: −$0.43
Slippage, 4 orders: −$17.16
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$39.59
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago	2.20 bp	7.8 bp −$8	15.7 bp −$157	46.2 bp −$4,619	366.2 bp −$183.1K
Sell Bitget live order book, 2 min ago	2.20 bp	11.5 bp −$12	18.9 bp −$189	62.8 bp −$6,279	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	−0.0879%	1h	0.4544	−0.124%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4549	−0.016%	$257K	$132K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4546	−0.088%	$33K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4546	−0.085%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+0.396%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4546	−0.088%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4550	+0.005%	$437K	$702K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4557	+0.145%	$40.2M	$26.1M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4552	+0.044%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4549	−0.021%	$68.0M	$225.7M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4548	−0.044%	$73.4M	$120.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4548	−0.044%	$17.5M	$79.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4545	−0.121%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4549	−0.020%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4548	−0.044%	$11.9M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4549	−0.022%	$48.7M	$41.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4550	0.000%	$14.1M	$11.0M	50x	as long as short
Bitget ONDOUSDTshort	+0.0100%	4h	0.4550	0.000%	$25.7M	$40.1M	50x
BingX ONDO-USDTlong	+0.0100%	4h	0.4550	long leg	—	$22.2M	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4552	+0.042%	$228K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4542	−0.180%	$808K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4548	−0.052%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4547	−0.071%	$428K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4551	+0.022%	$173K	$326K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4547	−0.073%	$69K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4545	−0.110%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4545	−0.110%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4551	+0.022%	$133K	$502K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4547	−0.066%	$4.5M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4550	−0.005%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4550	−0.010%	$407K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4546	−0.088%	$39K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4552	+0.048%	$375	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4558	+0.171%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4555	+0.110%	$297K	$817K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4549	−0.022%	$3.3M	$3.2M	75x	as long as short
Lighter ONDO	+0.0472%	1h	0.4558	+0.187%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4545	−0.119%	$542K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4543	−0.148%	$2K	—	20x	as long as short