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: Binance against Bitget+0.055%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.055%, 7d avg +0.014%

Together, before fees−0.017%−$2 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: Binance is 0.040% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4314	0.0100	pay 0.0050% / 4h	1h 30m	$24.7M	$39.0M	50x
Short	Binance ONDOUSDT	0.4316	0.0100	get 0.0050% / 4h	1h 30m	$62.5M	$236.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.014%: $4.04
Slippage, 4 orders: −$15.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.3
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 13 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 Bitget live order book, 3 min ago	2.32 bp	11.2 bp −$11	18.1 bp −$181	61.9 bp −$6,195	doesn't fit
Sell Binance live order book, 13 min ago	1.15 bp	8.8 bp −$9	13.7 bp −$137	39.0 bp −$3,904	315.8 bp −$157.9K

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	−0.0147%	1h	0.4313	−0.019%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4313	−0.024%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0005%	1h	0.4314	+0.006%	$242K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.888%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4318	+0.088%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4312	−0.046%	$346K	$899K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4316	+0.046%	$774K	$2.7M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4316	+0.055%	$62.5M	$236.1M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4315	+0.023%	$67.5M	$124.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4316	+0.046%	$17.1M	$72.5M	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	0.4306	−0.183%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4314	0.000%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4313	−0.023%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4314	0.000%	$42.8M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4314	0.000%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4314	long leg	$24.7M	$39.0M	50x
BingX ONDO-USDC	+0.0100%	4h	0.4315	+0.023%	—	$773K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4315	+0.028%	$171K	$994K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4313	−0.029%	$665K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4316	+0.051%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4316	+0.047%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4317	+0.070%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4316	+0.046%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4313	−0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4315	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4315	+0.023%	$449	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4325	+0.255%	$128K	$403K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4314	0.000%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4315	+0.016%	$6K	—	10x	as long as short
Hyperliquid ONDO	+0.0103%	1h	0.4317	+0.079%	$36.2M	$27.2M	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4314	−0.001%	$391K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4316	+0.046%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4317	+0.070%	$355	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0214%	1h	0.4315	+0.023%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	+0.301%	$214K	$726K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4316	+0.049%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4316	+0.046%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4313	−0.034%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4314	−0.006%	$2K	—	20x	as long as short