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: BingX against Binance−0.008%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Binance 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 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4386	0.0100	pay 0.0050% / 4h	21m 18s	$63.4M	$230.6M	75x
Short	BingX ONDO-USDT	0.4386	0.0100	get 0.0050% / 4h	21m 18s	—	$21.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.84
Slippage, 4 orders: −$14.83
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.67
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; BingX: live order book, 2 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 Binance live order book, 7 min ago	1.14 bp	8.2 bp −$8	13.5 bp −$135	49.6 bp −$4,957	doesn't fit
Sell BingX live order book, 2 min ago	2.28 bp	8.4 bp −$8	15.4 bp −$154	32.2 bp −$3,220	230.0 bp −$115.0K

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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4385	−0.034%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4385	−0.028%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.141%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4390	+0.094%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4385	−0.031%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4388	+0.043%	$363K	$855K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4390	+0.094%	$37.6M	$24.7M	10x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4386	long leg	$63.4M	$230.6M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4385	−0.031%	$67.8M	$126.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4387	+0.014%	$17.1M	$73.1M	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	0.4398	+0.256%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4385	−0.031%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4385	−0.031%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4387	+0.014%	$44.3M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4385	−0.031%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4387	+0.014%	$25.1M	$39.8M	50x	as long as short
BingX ONDO-USDTshort	+0.0100%	4h	0.4386	−0.008%	—	$21.9M	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4385	−0.024%	$187K	$978K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	−0.061%	$711K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4388	+0.040%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4390	+0.083%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	+0.128%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4389	+0.049%	$69K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4388	+0.037%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4387	+0.014%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4401	+0.334%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4385	−0.031%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4385	−0.024%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4386	−0.001%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.071%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4386	−0.006%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0225%	4h	0.4389	+0.060%	$759K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0311%	1h	0.4384	−0.050%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4404	+0.402%	$272K	$730K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4389	+0.060%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4392	+0.119%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4388	+0.037%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4385	−0.034%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4387	+0.024%	$2K	—	20x	as long as short