Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX+0.022%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.022%, 7d avg +0.009%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4585	0.0100	pay 0.0050% / 4h	3h 40m	$17.6M	$79.9M	50x
Short	BingX ONDO-USDT	0.4586	0.0100	get 0.0050% / 4h	3h 40m	—	$22.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.009%: $1.28
Slippage, 4 orders: −$16.98
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.69
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; BingX: live order book, 8 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 OKX live order book, 4 min ago	1.09 bp	9.6 bp −$10	20.6 bp −$206	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.20 bp	9.1 bp −$9	14.5 bp −$145	31.8 bp −$3,180	256.9 bp −$128.4K

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	−0.0871%	1h	0.4587	+0.045%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4578	−0.147%	$259K	$132K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4586	+0.022%	$34K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4586	+0.022%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.371%	$888	$216K	5.5x	as long as short
Gate ONDO_USDT	+0.0086%	4h	0.4585	0.000%	$12.0M	$16.6M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4586	+0.022%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4586	+0.016%	$438K	$709K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4590	+0.109%	$726K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4587	+0.044%	$68.6M	$225.8M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4586	+0.022%	$74.3M	$120.7M	50x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4585	long leg	$17.6M	$79.9M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4588	+0.061%	$76K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4589	+0.077%	—	—	5x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4585	0.000%	$49.7M	$41.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4589	+0.087%	$14.2M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4587	+0.044%	$25.9M	$40.0M	50x	as long as short
BingX ONDO-USDTshort	+0.0100%	4h	0.4586	+0.022%	—	$22.3M	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4583	−0.037%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4583	−0.048%	$819K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4594	+0.189%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4596	+0.247%	$426K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4560	−0.545%	$174K	$326K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4591	+0.126%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4583	−0.044%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4587	+0.044%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4588	+0.065%	$135K	$502K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4582	−0.065%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4589	+0.093%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4583	−0.053%	$409K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4586	+0.024%	$40K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0131%	1h	0.4592	+0.142%	$40.7M	$26.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4590	+0.116%	$378	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4577	−0.183%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4586	+0.022%	$298K	$822K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4579	−0.131%	$3.3M	$3.1M	75x	as long as short
Lighter ONDO	+0.0544%	1h	0.4590	+0.118%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0188%	1h	0.4585	+0.008%	$547K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4586	+0.028%	$2K	—	20x	as long as short