Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.023%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on MEXC Short on BingX

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)+0.023%+$2 · spread now −0.023%, 7d avg −0.005%

Together, before fees+0.069%+$7 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	0.4309	0.0100	pay 0.0050% / 4h	1h 47m	$45.9M	$40.0M	200x
Short	BingX ONDO-USDC	0.4308	0.0100	get 0.0050% / 4h	1h 47m	—	$782K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.005%: −$1.81
Slippage, 4 orders: −$101.29
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$113.1
Costs to cover: 1.113%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 34 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	1.16 bp	2.0 bp −$2	5.2 bp −$52	21.5 bp −$2,146	120.8 bp −$60.4K
Sell BingX live order book, 34 min ago	2.30 bp	63.0 bp −$63	106.5 bp −$1,065	690.1 bp −$69.0K	1089.9 bp −$544.9K

ONDO on 39 exchanges

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	−0.0326%	1h	0.4308	−0.018%	$2.5M	$7.1M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4308	−0.023%	$21K	$365K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4307	−0.053%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.011%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4313	+0.097%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4306	−0.070%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4308	−0.035%	$336K	$820K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4309	+0.003%	$767K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4307	−0.050%	$62.7M	$221.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4305	−0.093%	$67.3M	$116.4M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4308	−0.023%	$17.3M	$66.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4309	−0.009%	$69K	$76K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4305	−0.083%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4307	−0.046%	$13.7M	$13.1M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4309	long leg	$45.9M	$40.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4308	−0.023%	$13.0M	$9.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4309	0.000%	$25.1M	$33.3M	50x	as long as short
BingX ONDO-USDCshort	+0.0100%	4h	0.4308	−0.023%	—	$782K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4310	+0.021%	$179K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4307	−0.037%	$787K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4311	+0.053%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4322	+0.302%	$399K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4313	+0.093%	$133K	$318K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4309	−0.005%	$60K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4307	−0.046%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4309	0.000%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4313	+0.093%	$105K	$478K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4309	0.000%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4308	−0.029%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4306	−0.074%	$350K	$782K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4308	−0.034%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0128%	1h	0.4307	−0.042%	$354	$2K	10x	as long as short
Hyperliquid ONDO	+0.0150%	1h	0.4311	+0.044%	$36.2M	$26.7M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0182% / S +0.0252%	1h	0.4308	−0.023%	$363K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4316	+0.153%	$35K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4300	−0.209%	$213K	$606K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4307	−0.046%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1166%	1h	0.4311	+0.038%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3780%	1h	0.4305	−0.096%	$246K	$159K	5x	as long as short