Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1050%/8h= +115.0% APRpaid last 24h +0.307%

Price spread now: Reya against BingX+0.049%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Reya is 0.049% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDT	0.4425	0.0100	pay 0.0050% / 4h	1h 15m	—	$21.8M	—
Short	Reya ONDORUSDPERP	0.4427	0.1150	get 0.0144% / 1h	15m 00s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.049%Rate

Funding earned: $220.48
Price spread: +0.049% → 0.000%: $4.94
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $209.42
Costs to cover: 0.160%
Break-even: 0.4 days

Slippage unknown: BingX: live order book, 3 min ago; Reya: 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, 3 min ago	2.26 bp	8.8 bp −$9	12.7 bp −$127	33.8 bp −$3,380	210.3 bp −$105.1K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 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
dYdX ONDO-USD	+0.0001%	1h	0.4426	+0.027%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4425	−0.002%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.232%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4426	+0.013%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4425	0.000%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4427	+0.045%	$374K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4426	+0.015%	$64.2M	$225.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4424	−0.023%	$70.1M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4427	+0.045%	$17.1M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4426	+0.016%	$73K	$88K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4425	+0.010%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4424	−0.023%	$11.7M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4425	0.000%	$47.1M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4425	0.000%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4425	0.000%	$25.3M	$39.5M	50x	as long as short
BingX ONDO-USDTlong	+0.0100%	4h	0.4425	long leg	—	$21.8M	—
Variational Omni ONDO	+0.0100%	4h	0.4430	+0.105%	$718K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4435	+0.226%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4435	+0.236%	$414K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4436	+0.249%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4428	+0.066%	$68K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4427	+0.045%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4427	+0.045%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4434	+0.203%	$130K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4426	+0.023%	$4.2M	$7.7M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4425	+0.007%	$400K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4427	+0.036%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4425	+0.003%	$6K	—	10x	as long as short
Hyperliquid ONDO	+0.0148%	1h	0.4428	+0.077%	$38.4M	$24.2M	10x	as long as short
Aster ONDOUSDT	+0.0186%	4h	0.4428	+0.068%	$712K	$2.3M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0198%	1h	0.4426	+0.014%	$192K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4440	+0.341%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4431	+0.136%	$3.1M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4428	+0.077%	$364	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4427	+0.045%	$281K	$727K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0428%	1h	0.4428	+0.068%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4424	−0.027%	$488K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4435	+0.219%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERPshort	+0.1150%	1h	0.4427	+0.049%	$2K	—	20x