Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h −0.059%

Price spread now: Binance against 01 Exchange−0.059%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Binance

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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Binance is 0.059% cheaper against 01 Exchange than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4507	0.0520	pay 0.0065% / 1h	48m 32s	$371	$2K	10x
Short	Binance ONDOUSDT	0.4505	0.0100	get 0.0050% / 4h	2h 48m	$66.3M	$220.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against 01 Exchange. 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 01 ExchangebpFee BinancebpOrdersPrice spread, now −0.059%Rate

Funding earned: −$88.2
Price spread: −0.059% → 0.000%: −$5.88
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$111.08
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Binance: live order book, 10 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	1.10 bp	7.5 bp −$8	15.0 bp −$150	53.7 bp −$5,369	396.6 bp −$198.3K

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	−0.1129%	1h	0.4504	−0.068%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4504	−0.073%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4502	−0.126%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4501	−0.133%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−2.026%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4502	−0.118%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4506	−0.023%	$429K	$672K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4511	+0.087%	$40.6M	$27.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4508	+0.016%	$752K	$2.0M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4505	−0.059%	$66.3M	$220.1M	75x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4504	−0.073%	$72.5M	$117.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4504	−0.073%	$17.6M	$79.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4509	+0.033%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4504	−0.078%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4506	−0.029%	$11.8M	$18.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4505	−0.051%	$47.5M	$45.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4507	−0.007%	$13.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4505	−0.051%	$25.4M	$41.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4504	−0.073%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4503	−0.100%	$194K	$974K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4504	−0.084%	$798K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4513	+0.123%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4504	−0.070%	$417K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4506	−0.029%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4504	−0.080%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4501	−0.140%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4502	−0.118%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4511	+0.082%	$125K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4500	−0.162%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4504	−0.073%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4503	−0.087%	$402K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4502	−0.110%	$35K	—	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4520	+0.282%	$304K	$839K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4503	−0.095%	$3.2M	$3.0M	75x	as long as short
Lighter ONDO	+0.0360%	1h	0.4514	+0.142%	$1.4M	$2.2M	10x	as long as short
01 Exchange ONDOUSDlong	+0.0520%	1h	0.4507	long leg	$371	$2K	10x
GMX ONDO/USD [ETH-USDC]	L +0.0615% / S −0.0203%	1h	0.4501	−0.136%	$560K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4502	−0.116%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.0511%	1h	0.4507	−0.007%	$255K	$117K	5x	as long as short