Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Binance+0.001%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.360%+$36 · spread now +0.001%, 7d avg −0.015%

Together, before fees+0.387%+ Points / potential airdropNado: Active · farm board+$39 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4387	0.0100	pay 0.0050% / 4h	1h 05m	$63.7M	$226.0M	75x
Short	Nado ONDO-PERP	0.4387	0.0100	get 0.0012% / 1h	5m 37s	$370K	$837K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → −0.015%: $1.65
Slippage, 4 orders: −$11.47
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.83
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Nado: live order book, 58 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, 8 min ago	1.13 bp	7.6 bp −$8	14.5 bp −$145	57.6 bp −$5,764	doesn't fit
Sell Nado live order book, 58 min ago	0.45 bp	6.5 bp −$7	16.8 bp −$168	doesn't fit	doesn't fit

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	0.4384	−0.063%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4386	−0.007%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.133%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4387	+0.016%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4387	+0.007%	$24K	$6K	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4387	+0.001%	$370K	$837K	10x
Binance ONDOUSDTlong	+0.0100%	4h	0.4387	long leg	$63.7M	$226.0M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4386	−0.016%	$69.6M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4387	+0.007%	$17.0M	$71.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4383	−0.077%	$72K	$84K	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	0.4386	−0.016%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4381	−0.130%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4382	−0.107%	$47.3M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4385	−0.038%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4387	+0.007%	$25.1M	$39.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4384	−0.061%	—	$21.7M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4386	−0.024%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4393	+0.146%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	+0.349%	$407K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4400	+0.304%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4388	+0.025%	$64K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4389	+0.053%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4390	+0.076%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4399	+0.281%	$129K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4390	+0.076%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4383	−0.079%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4384	−0.058%	$396K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4390	+0.085%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0129%	1h	0.4388	+0.021%	$38.0M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0172%	1h	0.4388	+0.037%	$190K	$979K	15x	as long as short
Aster ONDOUSDT	+0.0188%	4h	0.4388	+0.022%	$733K	$2.3M	20x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4404	+0.397%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4389	+0.053%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4389	+0.055%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.805%	$281K	$719K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4389	+0.053%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4386	−0.010%	$484K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4390	+0.064%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4388	+0.034%	$2K	—	20x	as long as short