Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against BingX−0.324%46s7-day average — · you buy dearer than you sell

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

Long on BingX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.324% cheaper against BingX than usual: you would sell low and buy high, −$32 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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-USDT	0.4420	0.0100	pay 0.0050% / 4h	2h 29m	—	$22.4M	—
Short	Ondo Perps ONDO-USD.P	0.4406	0.0100	get 0.0013% / 1h	29m 46s	$71K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.324%Rate

Funding earned: $0
Price spread: −0.324% → 0.000%: −$32.35
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$47.35
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; Ondo Perps: 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, 4 min ago	2.28 bp	7.3 bp −$7	13.8 bp −$138	42.6 bp −$4,256	385.9 bp −$193.0K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 38 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	−0.0362%	1h	0.4416	−0.091%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4409	−0.242%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4415	−0.116%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.348%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4416	−0.090%	$24K	$6K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4420	+0.003%	$671K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4421	+0.023%	$64.4M	$231.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4419	−0.023%	$70.0M	$125.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4420	0.000%	$17.1M	$75.9M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4406	−0.324%	$71K	$89K	10x

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4416	−0.094%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4420	0.000%	$11.6M	$16.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4422	+0.045%	$44.2M	$42.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4423	+0.068%	$13.2M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4422	+0.045%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDTlong	+0.0100%	4h	0.4420	long leg	—	$22.4M	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4421	+0.014%	$202K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4409	−0.253%	$767K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4415	−0.108%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4398	−0.495%	$417K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4415	−0.113%	$136K	$371K	50x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4415	−0.124%	$395K	$853K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4417	−0.070%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4415	−0.113%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4419	−0.023%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4424	+0.090%	$129K	$512K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4407	−0.291%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4421	+0.030%	$398K	$820K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4420	−0.001%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4417	−0.068%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0284%	1h	0.4425	+0.115%	$39.1M	$25.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.045%	$284K	$757K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4411	−0.192%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4419	−0.025%	$364	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4414	−0.128%	$487K	—	100x	as long as short
Phemex ONDOUSDT	+0.0797%	4h	0.4417	−0.068%	$4.2M	$7.4M	50x	as long as short
Lighter ONDO	+0.0816%	1h	0.4427	+0.149%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4416	−0.096%	$2K	—	20x	as long as short