Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Binance+0.028%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$230.225% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.024%−$2 · spread now +0.028%, 7d avg −0.014%

Together, before fees−0.024%−$2 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: MEXC is 0.042% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4505	0.0100	pay 0.0050% / 4h	3h 36m	$67.0M	$216.7M	75x
Short	MEXC ONDO_USDT	0.4506	0.0100	get 0.0050% / 4h	3h 36m	$53.4M	$43.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.014%: $4.25
Slippage, 4 orders: −$12.53
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.28
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; MEXC: live order book, 3 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, 13 min ago	1.13 bp	8.7 bp −$9	14.1 bp −$141	56.1 bp −$5,611	doesn't fit
Sell MEXC live order book, 3 min ago	1.12 bp	3.3 bp −$3	6.4 bp −$64	17.9 bp −$1,791	108.4 bp −$54.2K

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	−0.0942%	1h	0.4498	−0.140%	$2.9M	$7.3M	50x	as long as short
Phemex ONDOUSDT	−0.0195%	4h	0.4498	−0.149%	$5.0M	$6.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4501	−0.083%	$20K	$344K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4500	−0.112%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−1.970%	$994	$82K	5.5x	as long as short
Bybit ONDOUSDT	+0.0056%	4h	0.4504	−0.016%	$71.4M	$112.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4496	−0.204%	$6K	$9	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4497	−0.166%	$454K	$628K	10x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4505	long leg	$67.0M	$216.7M	75x
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4505	+0.006%	$17.7M	$78.8M	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	0.4477	−0.613%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4499	−0.118%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4504	−0.016%	$11.8M	$18.5M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4506	+0.028%	$53.4M	$43.9M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4498	−0.149%	$13.9M	$10.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4506	+0.028%	$25.7M	$40.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4505	+0.006%	—	$22.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4509	+0.102%	$224K	$940K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4457	−1.070%	$773K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4473	−0.708%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4473	−0.710%	$422K	$856K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4474	−0.682%	$158K	$325K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4501	−0.094%	$71K	$995K	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4498	−0.149%	$25K	$8K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4498	−0.149%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4499	−0.127%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4506	+0.028%	$120K	$503K	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4498	−0.158%	$414K	$980K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4498	−0.150%	$35K	—	3x	as long as short
Aster ONDOUSDT	+0.0122%	4h	0.4504	−0.006%	$757K	$1.9M	20x	as long as short
Phoenix ONDO	+0.0144%	1h	0.4470	−0.764%	$29K	$222K	10x	as long as short
01 Exchange ONDOUSD	+0.0304%	1h	0.4497	−0.178%	$370	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4492	−0.283%	$3.2M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0468%	1h	0.4511	+0.139%	$40.9M	$26.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0472%	1h	0.4505	+0.006%	$317K	$802K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0611% / S −0.0203%	1h	0.4499	−0.118%	$559K	—	100x	as long as short
Lighter ONDO	+0.0808%	1h	0.4509	+0.104%	$1.4M	$1.9M	10x	as long as short
Reya ONDORUSDPERP	+0.1136%	1h	0.4499	−0.136%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6632%	1h	0.4490	−0.327%	$254K	$117K	5x	as long as short