Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.059%

Price spread now: 01 Exchange against BingX−0.072%7-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 01 Exchange

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—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.072% cheaper against BingX than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 19 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDC	0.4598	0.0100	pay 0.0050% / 4h	1h 22m	—	$742K	—
Short	01 Exchange ONDOUSD	0.4595	0.0408	get 0.0051% / 1h	22m 53s	$378	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.072%Rate

Funding earned: $64.68
Price spread: −0.072% → 0.000%: −$7.18
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $40.5
Costs to cover: 0.170%
Break-even: 2.6 days

Slippage unknown: BingX: live order book, 21 min ago; 01 Exchange: 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, 21 min ago	2.20 bp	49.5 bp −$50	99.3 bp −$993	504.8 bp −$50.5K	874.0 bp −$437.0K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Kraken Futures PF_ONDOUSD	−0.0351%	1h	0.4583	−0.332%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4583	−0.320%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4584	−0.304%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4587	−0.250%	$433K	$701K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4591	−0.149%	$734K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4599	+0.021%	$68.1M	$226.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4598	0.000%	$75.7M	$121.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4585	−0.283%	$17.9M	$81.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	−0.224%	$74K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4589	−0.198%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4597	−0.022%	$12.0M	$18.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4598	0.000%	$49.0M	$44.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4597	−0.022%	$13.9M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4597	−0.022%	$26.1M	$41.9M	50x	as long as short
BingX ONDO-USDClong	+0.0100%	4h	0.4598	long leg	—	$742K	—
Variational Omni ONDO	+0.0100%	4h	0.4570	−0.611%	$781K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4578	−0.441%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4578	−0.440%	$429K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4578	−0.435%	$164K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4585	−0.285%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4590	−0.174%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4586	−0.261%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4592	−0.130%	$134K	$506K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4584	−0.304%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4571	−0.578%	$7K	$9	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0102%	1h	0.4587	−0.235%	$239K	$1.0M	15x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4596	−0.051%	$409K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4589	−0.196%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4576	−0.476%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.652%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0186%	1h	0.4587	−0.239%	$47K	$416K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4590	−0.174%	$301K	$871K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4585	−0.283%	$3.3M	$3.1M	75x	as long as short
01 Exchange ONDOUSDshort	+0.0408%	1h	0.4595	−0.072%	$378	$2K	10x
Hyperliquid ONDO	+0.0418%	1h	0.4590	−0.165%	$41.2M	$26.4M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0588% / S −0.0187%	1h	0.4582	−0.343%	$547K	—	100x	as long as short
Lighter ONDO	+0.0680%	1h	0.4594	−0.083%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4583	−0.329%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3531%	1h	0.4570	−0.601%	$259K	$129K	5x	as long as short