Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Ondo Perps−0.039%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 BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 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: BingX is 0.039% cheaper against Ondo Perps than usual: you would sell low and buy high, −$4 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	0.4588	0.0100	pay 0.0013% / 1h	40m 21s	$76K	$89K	10x
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 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 BingXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → 0.000%: −$3.92
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$18.92
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; BingX: live order book, 8 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 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 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	−0.0871%	1h	0.4587	−0.016%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4578	−0.208%	$259K	$132K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4586	−0.039%	$34K	$363K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4586	−0.039%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.432%	$888	$216K	5.5x	as long as short
Gate ONDO_USDT	+0.0086%	4h	0.4585	−0.061%	$12.0M	$16.6M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4586	−0.039%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4586	−0.045%	$438K	$709K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4590	+0.048%	$726K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4587	−0.017%	$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	−0.039%	$74.3M	$120.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4585	−0.061%	$17.6M	$79.9M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4588	long leg	$76K	$89K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4589	+0.016%	—	—	5x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4585	−0.061%	$49.7M	$41.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4589	+0.026%	$14.2M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4587	−0.017%	$25.9M	$40.0M	50x	as long as short
BingX ONDO-USDTshort	+0.0100%	4h	0.4586	−0.039%	—	$22.3M	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4583	−0.098%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4583	−0.109%	$819K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4594	+0.128%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4596	+0.186%	$426K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4560	−0.606%	$174K	$326K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4591	+0.065%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4583	−0.105%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4587	−0.017%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4588	+0.004%	$135K	$502K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4582	−0.126%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4589	+0.032%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4583	−0.114%	$409K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4586	−0.037%	$40K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0131%	1h	0.4592	+0.081%	$40.7M	$26.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4590	+0.054%	$378	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4577	−0.244%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4586	−0.039%	$298K	$822K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4579	−0.192%	$3.3M	$3.1M	75x	as long as short
Lighter ONDO	+0.0544%	1h	0.4590	+0.057%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0188%	1h	0.4585	−0.053%	$547K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4586	−0.033%	$2K	—	20x	as long as short