Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Extended−0.012%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.012%, 7d avg +0.061%

Together, before fees+0.025%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.072% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4426	0.0104	pay 0.0013% / 1h	15m 12s	$400K	$792K	25x
Short	Binance ONDOUSDT	0.4425	0.0100	get 0.0050% / 4h	1h 15m	$64.2M	$225.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.012%Rate

Funding earned: −$0.84
Price spread: −0.012% → +0.061%: −$7.25
Slippage, 4 orders: −$17.08
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$40.17
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Extended: live order book, 48 min ago; Binance: live order book, 13 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 Extended live order book, 48 min ago	4.54 bp	7.0 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.13 bp	8.8 bp −$9	15.2 bp −$152	45.2 bp −$4,520	337.8 bp −$168.9K

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	+0.009%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4425	−0.021%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.212%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4426	−0.006%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4425	−0.019%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4427	+0.027%	$374K	$837K	10x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4425	−0.012%	$64.2M	$225.5M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4424	−0.041%	$70.1M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4425	−0.019%	$17.1M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4426	−0.003%	$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	−0.008%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4424	−0.041%	$11.7M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4426	+0.004%	$47.1M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4425	−0.019%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4426	+0.004%	$25.3M	$39.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4425	−0.019%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4430	+0.086%	$718K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4435	+0.207%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4435	+0.217%	$414K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4436	+0.230%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4428	+0.047%	$68K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4427	+0.027%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4427	+0.027%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4434	+0.185%	$130K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4426	+0.004%	$4.2M	$7.7M	50x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4426	long leg	$400K	$792K	25x
Aevo ONDO-PERP	+0.0104%	1h	0.4427	+0.018%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4425	−0.015%	$6K	—	10x	as long as short
Hyperliquid ONDO	+0.0148%	1h	0.4428	+0.058%	$38.4M	$24.2M	10x	as long as short
Aster ONDOUSDT	+0.0186%	4h	0.4430	+0.097%	$713K	$2.3M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0198%	1h	0.4426	−0.005%	$192K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4440	+0.322%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4431	+0.117%	$3.1M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4428	+0.058%	$364	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4427	+0.027%	$281K	$727K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0428%	1h	0.4428	+0.049%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4424	−0.046%	$488K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4435	+0.200%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4427	+0.031%	$2K	—	20x	as long as short