Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.049%

Price spread now: 01 Exchange against Binance−0.023%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and 01 Exchange is 0.023% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4304	0.0100	pay 0.0050% / 4h	1h 07m	$62.1M	$214.6M	75x
Short	01 Exchange ONDOUSD	0.4303	0.0056	get 0.0007% / 1h	7m 43s	$354	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.023%Rate

Funding earned: −$9.24
Price spread: −0.023% → 0.000%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$28.53
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 14 min ago	1.16 bp	8.9 bp −$9	15.2 bp −$152	57.1 bp −$5,705	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONDO on 39 exchanges

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	−0.0327%	1h	0.4302	−0.032%	$2.5M	$6.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4302	−0.048%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.144%	$888	$215K	5.5x	as long as short
Bybit ONDOUSDT	+0.0033%	4h	0.4301	−0.060%	$66.5M	$113.9M	50x	as long as short
01 Exchange ONDOUSDshort	+0.0056%	1h	0.4303	−0.023%	$354	$2K	10x
Lighter ONDO	+0.0096%	1h	0.4308	+0.105%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4301	−0.060%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4300	−0.078%	$332K	$819K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4306	+0.065%	$36.3M	$26.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4304	+0.013%	$761K	$2.8M	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDTlong	+0.0100%	4h	0.4304	long leg	$62.1M	$214.6M	75x
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4302	−0.037%	$17.2M	$66.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4291	−0.302%	$68K	$67K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4303	−0.017%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4303	−0.014%	$14.0M	$13.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4304	+0.010%	$43.7M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4303	−0.014%	$13.0M	$9.3M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4304	+0.010%	$24.9M	$31.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4304	+0.010%	—	$781K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4302	−0.032%	$180K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4289	−0.328%	$616K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4293	−0.242%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4294	−0.222%	$405K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4291	−0.292%	$85K	$350K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4302	−0.032%	$55K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4301	−0.060%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4303	−0.014%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4309	+0.126%	$106K	$444K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4302	−0.037%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4303	−0.018%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4301	−0.057%	$348K	$761K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4304	+0.009%	$37K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0167% / S +0.0190%	1h	0.4295	−0.210%	$327K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0215%	1h	0.4304	+0.010%	$21K	$354K	25x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4302	−0.037%	$35K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4305	+0.033%	$212K	$558K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4301	−0.060%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1167%	1h	0.4302	−0.036%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3731%	1h	0.4299	−0.104%	$246K	$160K	5x	as long as short