Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance+0.013%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.013%, 7d avg +0.014%

Together, before fees+0.009%+$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	0.4328	0.0100	pay 0.0050% / 4h	1h 43m	$62.8M	$238.7M	75x
Short	KuCoin ONDOUSDTM	0.4329	0.0100	get 0.0050% / 4h	1h 43m	$11.9M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.014%: −$0.03
Slippage, 4 orders: −$21.69
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$43.72
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 5 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, 15 min ago	1.15 bp	6.7 bp −$7	13.1 bp −$131	51.6 bp −$5,165	doesn't fit
Sell KuCoin live order book, 5 min ago	1.15 bp	15.5 bp −$15	26.8 bp −$268	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	−0.0146%	1h	0.4328	+0.001%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4337	+0.201%	$243K	$137K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4332	+0.086%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.535%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4330	+0.041%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4333	+0.094%	$348K	$897K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4332	+0.083%	$775K	$2.7M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4328	long leg	$62.8M	$238.7M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4327	−0.033%	$67.4M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4328	−0.010%	$17.2M	$73.5M	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	0.4326	−0.058%	$71K	$82K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4335	+0.159%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4327	−0.033%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4327	−0.033%	$42.9M	$42.3M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4329	+0.013%	$11.9M	$10.5M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4327	−0.033%	$24.8M	$39.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4328	−0.010%	—	$765K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4329	+0.023%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−0.108%	$643K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4332	+0.083%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	+0.075%	$401K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4332	+0.083%	$133K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4335	+0.164%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4330	+0.036%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4329	+0.013%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4330	+0.036%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	+0.268%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4331	+0.060%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4333	+0.099%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4326	−0.066%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4332	+0.076%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0184%	1h	0.4337	+0.196%	$357	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4331	+0.060%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4339	+0.244%	$214K	$728K	50x	as long as short
Hyperliquid ONDO	+0.0294%	1h	0.4330	+0.046%	$36.3M	$27.3M	10x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4331	+0.067%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4336	+0.175%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0562% / S −0.0197%	1h	0.4331	+0.061%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4331	+0.066%	$2K	—	20x	as long as short