Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Ondo Perps−0.567%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 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: Binance is 0.567% cheaper against Ondo Perps than usual: you would sell low and buy high, −$57 on $10k if it 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	Ondo Perps ONDO-USD.P	0.4626	0.0100	pay 0.0013% / 1h	39m 01s	$73K	$87K	10x
Short	Binance ONDOUSDT	0.4600	0.0100	get 0.0050% / 4h	1h 39m	$67.7M	$223.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now −0.567%Rate

Funding earned: $0
Price spread: −0.567% → 0.000%: −$56.7
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.7
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 4 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 4 min ago	1.10 bp	8.0 bp −$8	13.4 bp −$134	54.0 bp −$5,403	doesn't fit

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 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	−0.0350%	1h	0.4591	−0.773%	$2.8M	$7.9M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4606	−0.439%	$16K	$385K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4610	−0.345%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4602	−0.525%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4613	−0.287%	$439K	$690K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4600	−0.568%	$746K	$2.0M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4600	−0.567%	$67.7M	$223.8M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4601	−0.547%	$74.8M	$119.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4600	−0.568%	$17.9M	$81.9M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4626	long leg	$73K	$87K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4608	−0.391%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4591	−0.763%	$11.9M	$18.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4595	−0.677%	$48.3M	$44.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4594	−0.698%	$13.8M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4595	−0.677%	$26.0M	$41.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4596	−0.655%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4594	−0.692%	$209K	$985K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	−1.736%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4547	−1.721%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4547	−1.724%	$420K	$928K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4616	−0.229%	$98K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4624	−0.050%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4596	−0.655%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4613	−0.287%	$133K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4593	−0.720%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4619	−0.161%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4596	−0.661%	$409K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4606	−0.439%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4553	−1.578%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4601	−0.547%	$894	$181K	5.5x	as long as short
ApeX Omni ONDOUSDT	+0.0160%	1h	0.4546	−1.736%	$160K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4597	−0.633%	$302K	$869K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4592	−0.741%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4618	−0.179%	$380	$2K	10x	as long as short
Hyperliquid ONDO	+0.0531%	1h	0.4603	−0.510%	$41.2M	$27.4M	10x	as long as short
Lighter ONDO	+0.0568%	1h	0.4603	−0.493%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0598% / S −0.0191%	1h	0.4609	−0.364%	$555K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4616	−0.218%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1308%	1h	0.4617	−0.194%	$261K	$130K	5x	as long as short