Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Binance−0.031%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.031%, 7d avg −0.029%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4604	0.0100	pay 0.0050% / 4h	1h 17m	$68.1M	$226.6M	75x
Short	Bybit ONDOUSDT	0.4603	0.0100	get 0.0050% / 4h	1h 17m	$75.8M	$121.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.029%: −$0.21
Slippage, 4 orders: −$13.28
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.5
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 1 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 Binance live order book, 11 min ago	1.10 bp	7.3 bp −$7	12.5 bp −$125	50.0 bp −$5,003	doesn't fit
Sell Bybit live order book, 1 min ago	1.09 bp	8.4 bp −$8	14.0 bp −$140	48.1 bp −$4,812	doesn't fit

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	0.4598	−0.145%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4599	−0.120%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4598	−0.140%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4603	−0.031%	$434K	$703K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4603	−0.036%	$739K	$2.1M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4604	long leg	$68.1M	$226.6M	75x
Bybit ONDOUSDTshort	+0.0100%	4h	0.4603	−0.031%	$75.8M	$121.7M	50x
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4605	+0.012%	$17.9M	$82.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4619	+0.325%	$75K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4600	−0.098%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4602	−0.053%	$12.0M	$18.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4603	−0.031%	$49.6M	$44.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4603	−0.031%	$13.9M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4603	−0.031%	$26.1M	$41.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4605	+0.012%	—	$741K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4604	−0.011%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4605	+0.014%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4605	+0.001%	$425K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	+0.055%	$165K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4604	−0.012%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4599	−0.118%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4601	−0.075%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4612	+0.164%	$134K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4595	−0.205%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4606	+0.024%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4602	−0.062%	$411K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4601	−0.064%	$45K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0131%	1h	0.4597	−0.160%	$235K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4608	+0.088%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.792%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4601	−0.075%	$42K	$422K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4603	−0.031%	$302K	$876K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4612	+0.164%	$3.2M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0416%	1h	0.4604	−0.018%	$379	$2K	10x	as long as short
Hyperliquid ONDO	+0.0423%	1h	0.4600	−0.092%	$41.3M	$26.5M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0187%	1h	0.4599	−0.119%	$548K	—	100x	as long as short
Lighter ONDO	+0.0712%	1h	0.4605	+0.014%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4600	−0.105%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4165%	1h	0.4605	+0.021%	$261K	$129K	5x	as long as short