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 SunX−0.064%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1481.480% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.064%, 7d avg +0.024%

Together, before fees+0.161%+$16 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 0.088% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4403	0.0100	pay 0.0050% / 4h	1h 09m	—	$1.4M	20x
Short	Binance ONDOUSDT	0.4400	0.0100	get 0.0050% / 4h	1h 09m	$64.0M	$225.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → +0.024%: −$8.79
Slippage, 4 orders: −$130
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$156.8
Costs to cover: 1.480%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Binance: live order book, 4 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 SunX live order book, 5 min ago	46.36 bp	65.6 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.13 bp	8.4 bp −$8	15.4 bp −$154	46.2 bp −$4,621	343.0 bp −$171.5K

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
dYdX ONDO-USD	+0.0001%	1h	0.4401	−0.049%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4399	−0.094%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.747%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4400	−0.059%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4399	−0.091%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4402	−0.023%	$372K	$837K	10x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4400	−0.064%	$64.0M	$225.8M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4399	−0.091%	$69.8M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4400	−0.068%	$17.1M	$71.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4401	−0.055%	$73K	$86K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4398	−0.105%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4398	−0.114%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4401	−0.045%	$47.7M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4402	−0.023%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4400	−0.068%	$25.1M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4399	−0.091%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4410	+0.151%	$714K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4414	+0.250%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4418	+0.344%	$408K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4417	+0.318%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4402	−0.023%	$64K	$1.4M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4403	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4403	0.000%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4410	+0.159%	$129K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4403	0.000%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4400	−0.073%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4401	−0.043%	$398K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4403	+0.004%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0137%	1h	0.4402	−0.022%	$38.2M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0182%	1h	0.4400	−0.064%	$191K	$979K	15x	as long as short
Aster ONDOUSDT	+0.0190%	4h	0.4404	+0.021%	$709K	$2.3M	20x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4427	+0.536%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4399	−0.091%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4404	+0.023%	$362	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.432%	$281K	$726K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4402	−0.023%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4400	−0.075%	$485K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4410	+0.157%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4401	−0.049%	$2K	—	20x	as long as short