Funding arb · Price arb /

ONDO

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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: HTX against Binance+0.205%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1061.058% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.250%−$25 · spread now +0.205%, 7d avg +0.130%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.074% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4396	0.0100	pay 0.0050% / 4h	2h 39m	$64.7M	$231.2M	75x
Short	HTX ONDO-USDT	0.4405	0.0100	get 0.0050% / 4h	2h 39m	$128K	$514K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.205%Rate

Funding earned: $0
Price spread: +0.205% → +0.130%: $7.44
Slippage, 4 orders: −$83.78
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$98.34
Costs to cover: 1.058%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; HTX: live order book, 28 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, 4 min ago	1.13 bp	8.8 bp −$9	14.4 bp −$144	60.7 bp −$6,068	doesn't fit
Sell HTX live order book, 28 min ago	35.74 bp	43.4 bp −$43	doesn't fit	doesn't fit	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	−0.0363%	1h	0.4399	+0.079%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4395	−0.021%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4388	−0.181%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.913%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4392	−0.091%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4384	−0.267%	$392K	$847K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4396	−0.004%	$684K	$2.2M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4396	long leg	$64.7M	$231.2M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4397	+0.023%	$69.9M	$125.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4399	+0.068%	$17.0M	$75.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4395	−0.016%	$72K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4393	−0.072%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4393	−0.068%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4395	−0.023%	$43.4M	$42.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4394	−0.045%	$13.1M	$11.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4398	+0.045%	$25.0M	$40.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4395	−0.023%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4397	+0.025%	$197K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4401	+0.110%	$782K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4437	+0.934%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4437	+0.933%	$409K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4434	+0.864%	$164K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4390	−0.125%	$92K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4401	+0.114%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4397	+0.023%	$457	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4405	+0.205%	$128K	$514K	50x
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4395	−0.027%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4395	−0.023%	$396K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4398	+0.036%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0205%	1h	0.4393	−0.068%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0264%	1h	0.4399	+0.077%	$38.8M	$25.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4382	−0.318%	$281K	$785K	50x	as long as short
01 Exchange ONDOUSD	+0.0336%	1h	0.4399	+0.071%	$362	$2K	10x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.669%	$35K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+1.706%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4387	−0.208%	$484K	—	100x	as long as short
Lighter ONDO	+0.0768%	1h	0.4407	+0.253%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.1021%	4h	0.4407	+0.250%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4389	−0.164%	$2K	—	20x	as long as short