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 MEXC0.000%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.010%−$1 · spread now 0.000%, 7d avg +0.015%

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	MEXC ONDO_USDT	0.4407	0.0100	pay 0.0050% / 4h	2h 19m	$45.6M	$43.4M	200x
Short	Binance ONDOUSDT	0.4407	0.0100	get 0.0050% / 4h	2h 19m	$63.9M	$231.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.015%: −$1.48
Slippage, 4 orders: −$10.66
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.15
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.13 bp	2.6 bp −$3	6.3 bp −$63	19.2 bp −$1,918	101.2 bp −$50.6K
Sell Binance live order book, 9 min ago	1.13 bp	9.0 bp −$9	17.8 bp −$178	54.7 bp −$5,469	352.4 bp −$176.2K

ONDO on 38 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	0.4403	−0.081%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4402	−0.104%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4405	−0.046%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.653%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4406	−0.023%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4407	0.000%	$386K	$858K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4406	−0.017%	$672K	$2.1M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4407	0.000%	$63.9M	$231.2M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4407	0.000%	$69.8M	$125.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4409	+0.045%	$17.0M	$75.5M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4418	+0.252%	$72K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4405	−0.051%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4404	−0.068%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4407	long leg	$45.6M	$43.4M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4405	−0.045%	$13.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4408	+0.023%	$25.1M	$40.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4407	0.000%	—	$762K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4416	+0.197%	$769K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4417	+0.236%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4419	+0.262%	$419K	$976K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4418	+0.250%	$136K	$366K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4409	+0.045%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4404	−0.068%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4405	−0.045%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4414	+0.159%	$129K	$512K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4406	−0.032%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4405	−0.038%	$398K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4406	−0.011%	$38K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0129%	1h	0.4409	+0.054%	$201K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0204%	1h	0.4404	−0.068%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0284%	1h	0.4409	+0.045%	$38.9M	$25.7M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.340%	$284K	$745K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.413%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4410	+0.064%	$363	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4402	−0.117%	$486K	—	100x	as long as short
Phemex ONDOUSDT	+0.0557%	4h	0.4404	−0.068%	$4.2M	$7.4M	50x	as long as short
Lighter ONDO	+0.0776%	1h	0.4415	+0.179%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4410	+0.072%	$2K	—	20x	as long as short