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 −0.003%

Price spread now: Gate against Binance−0.018%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.018%, 7d avg −0.033%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4323	0.0100	pay 0.0050% / 4h	39m 35s	$62.7M	$233.5M	75x
Short	Gate ONDO_USDT	0.4322	0.0100	get 0.0050% / 4h	39m 35s	$12.8M	$15.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.033%: $1.44
Slippage, 4 orders: −$19.93
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.5
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Gate: 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 Binance live order book, 4 min ago	1.15 bp	8.0 bp −$8	13.9 bp −$139	48.9 bp −$4,894	doesn't fit
Sell Gate live order book, 4 min ago	1.15 bp	16.0 bp −$16	31.0 bp −$310	44.2 bp −$4,424	75.1 bp −$37.6K

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	−0.0176%	1h	0.4324	+0.039%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4328	+0.116%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.672%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4325	+0.060%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4328	+0.126%	$347K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4324	+0.028%	$774K	$2.7M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4323	long leg	$62.7M	$233.5M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4320	−0.065%	$67.9M	$121.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4322	−0.018%	$17.3M	$71.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4336	+0.310%	$71K	$81K	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	0.4321	−0.031%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4322	−0.018%	$12.8M	$15.8M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4322	−0.018%	$43.7M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4323	+0.005%	$12.0M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4321	−0.042%	$24.6M	$36.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4321	−0.042%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4326	+0.086%	$177K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4333	+0.228%	$735K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4335	+0.276%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4336	+0.300%	$399K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4335	+0.282%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4329	+0.139%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4327	+0.097%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4328	+0.120%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4327	+0.097%	$450	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4338	+0.352%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4326	+0.074%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4321	−0.046%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4321	−0.034%	$356K	$797K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4329	+0.150%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4329	+0.144%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0224%	1h	0.4324	+0.035%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4344	+0.491%	$215K	$733K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4339	+0.366%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4335	+0.282%	$3.1M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0354%	1h	0.4327	+0.107%	$36.5M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4327	+0.097%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1160%	1h	0.4326	+0.079%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1609%	1h	0.4325	+0.055%	$243K	$156K	5x	as long as short