Funding arb · Price arb /

ONDO

all ONDO markets

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: Binance against BingX+0.022%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1311.309% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.022%, 7d avg +0.028%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDC	0.4637	0.0100	pay 0.0050% / 4h	3h 34m	—	$743K	—
Short	Binance ONDOUSDT	0.4638	0.0100	get 0.0050% / 4h	3h 34m	$69.5M	$225.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.028%: −$0.67
Slippage, 4 orders: −$110.95
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$131.62
Costs to cover: 1.309%
Break-even: never at this rate

Slippage from BingX: live order book, 54 min ago; Binance: live order book, 9 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 BingX live order book, 54 min ago	2.20 bp	62.9 bp −$63	98.0 bp −$980	596.4 bp −$59.6K	967.6 bp −$483.8K
Sell Binance live order book, 9 min ago	1.09 bp	10.1 bp −$10	14.3 bp −$143	55.7 bp −$5,567	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	−0.0862%	1h	0.4632	−0.109%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4635	−0.052%	$262K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4627	−0.213%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−1.488%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4628	−0.194%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4627	−0.216%	$434K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4639	+0.043%	$732K	$2.2M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4638	+0.022%	$69.5M	$225.4M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4637	0.000%	$75.2M	$120.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4637	0.000%	$17.8M	$80.1M	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	0.4632	−0.101%	$76K	$90K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4636	−0.020%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4636	−0.022%	$12.2M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4639	+0.043%	$50.3M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4640	+0.065%	$14.3M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4639	+0.043%	$26.3M	$39.8M	50x	as long as short
BingX ONDO-USDClong	+0.0100%	4h	0.4637	long leg	—	$743K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4632	−0.104%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4615	−0.479%	$820K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4577	−1.297%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4573	−1.373%	$423K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4606	−0.669%	$174K	$338K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4631	−0.125%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4632	−0.108%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4632	−0.108%	$481	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4635	−0.043%	$136K	$497K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4631	−0.129%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4637	+0.002%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4637	+0.007%	$412K	$836K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4634	−0.074%	$40K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0236%	1h	0.4645	+0.168%	$41.3M	$25.5M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4578	−1.270%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4642	+0.119%	$382	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4627	−0.216%	$300K	$828K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4632	−0.108%	$3.3M	$2.9M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0398%	1h	0.4630	−0.151%	$34K	$363K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0594% / S −0.0188%	1h	0.4628	−0.205%	$552K	—	100x	as long as short
Lighter ONDO	+0.0600%	1h	0.4646	+0.192%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4627	−0.221%	$2K	—	20x	as long as short