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: edgeX against BingX+0.600%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs+$24as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 3 days (all we have)−0.200%−$20 · spread now +0.600%, 7d avg +0.023%

Together, before fees−0.246%+ Points / potential airdropedgeX: Active · farm board−$25 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: edgeX is 0.577% dearer against BingX than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDT	0.4576	0.0100	pay 0.0050% / 4h	1h 15m	—	$22.6M	—
Short	edgeX ONDOUSDC	0.4603	0.0100	get 0.0050% / 4h	1h 15m	$5K	$320K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BingX. 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 BingXbpFee edgeXbpOrdersPrice spread, now +0.600%Rate

Funding earned: $0
Price spread: +0.600% → +0.023%: $57.7
Slippage, 4 orders: −$14.81
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $23.89
Costs to cover: 0.338%
Break-even: from the start

Slippage from BingX: live order book, 3 min ago; edgeX: 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 BingX live order book, 3 min ago	1.09 bp	6.1 bp −$6	11.7 bp −$117	39.0 bp −$3,897	237.5 bp −$118.7K
Sell edgeX live order book, 2 min ago	4.34 bp	8.8 bp −$9	15.0 bp −$150	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
Kraken Futures PF_ONDOUSD	−0.0350%	1h	0.4588	+0.273%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4595	+0.411%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4594	+0.393%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4600	+0.519%	$434K	$704K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4580	+0.095%	$735K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4581	+0.109%	$67.7M	$226.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4579	+0.066%	$74.3M	$122.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4577	+0.022%	$17.9M	$81.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4590	+0.299%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4575	−0.024%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4575	−0.022%	$12.0M	$18.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4578	+0.044%	$49.4M	$44.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4577	+0.022%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4577	+0.022%	$26.0M	$41.9M	50x	as long as short
BingX ONDO-USDTlong	+0.0100%	4h	0.4576	long leg	—	$22.6M	—
Variational Omni ONDO	+0.0100%	4h	0.4604	+0.610%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4603	+0.600%	$5K	$320K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4600	+0.520%	$424K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	+0.677%	$165K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4600	+0.529%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4593	+0.372%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4591	+0.328%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4609	+0.721%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4591	+0.328%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4578	+0.036%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4577	+0.012%	$411K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4598	+0.471%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4601	+0.540%	$37K	$219K	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0147%	1h	0.4594	+0.396%	$232K	$1.0M	15x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.175%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4595	+0.415%	$31K	$432K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4595	+0.415%	$301K	$864K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4602	+0.568%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0416%	1h	0.4582	+0.129%	$377	$2K	10x	as long as short
Hyperliquid ONDO	+0.0431%	1h	0.4589	+0.291%	$41.0M	$26.7M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0187%	1h	0.4595	+0.406%	$548K	—	100x	as long as short
Lighter ONDO	+0.0704%	1h	0.4587	+0.249%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4596	+0.445%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4587%	1h	0.4575	−0.014%	$259K	$129K	5x	as long as short