Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against BingX+0.139%7-day average +0.157% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$1891.886% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.139%, 7d avg +0.157%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDC	0.4332	0.0100	pay 0.0050% / 4h	3h 57m	—	$777K	—
Short	HTX ONDO-USDT	0.4338	0.0100	get 0.0050% / 4h	3h 57m	$129K	$369K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.157%: −$1.83
Slippage, 4 orders: −$166.57
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$190.4
Costs to cover: 1.886%
Break-even: never at this rate

Slippage from BingX: live order book, 61 min ago; HTX: live order book, 41 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, 61 min ago	2.32 bp	68.6 bp −$69	125.1 bp −$1,251	661.9 bp −$66.2K	1018.9 bp −$509.5K
Sell HTX live order book, 41 min ago	17.31 bp	23.3 bp −$23	doesn't fit	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
Phemex ONDOUSDT	−0.1518%	4h	0.4325	−0.162%	$4.2M	$9.0M	50x	as long as short
Kraken Futures PF_ONDOUSD	−0.0177%	1h	0.4327	−0.106%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4334	+0.045%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.448%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4338	+0.127%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4335	+0.069%	$347K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4338	+0.138%	$765K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4336	+0.092%	$63.3M	$234.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4335	+0.069%	$68.4M	$122.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4336	+0.092%	$17.3M	$72.0M	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	0.4318	−0.335%	$71K	$80K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4335	+0.066%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4332	0.000%	$13.1M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4335	+0.069%	$44.3M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4335	+0.069%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4335	+0.069%	$24.7M	$36.7M	50x	as long as short
BingX ONDO-USDClong	+0.0100%	4h	0.4332	long leg	—	$777K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4326	−0.129%	$176K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−0.187%	$679K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4322	−0.222%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4324	−0.181%	$405K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4321	−0.254%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4335	+0.058%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4328	−0.092%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4330	−0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4329	−0.069%	$2K	$15K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4338	+0.139%	$129K	$369K	50x
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4334	+0.045%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4334	+0.044%	$366K	$827K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4330	−0.046%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4330	−0.046%	$18K	$351K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4332	0.000%	$214K	$734K	50x	as long as short
01 Exchange ONDOUSD	+0.0304%	1h	0.4338	+0.141%	$357	$2K	10x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4328	−0.083%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4322	−0.231%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4326	−0.139%	$495K	—	100x	as long as short
Hyperliquid ONDO	+0.0611%	1h	0.4340	+0.190%	$36.7M	$27.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4334	+0.054%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1751%	1h	0.4329	−0.059%	$243K	$155K	5x	as long as short