Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against BingX0.000%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1531.533% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now 0.000%, 7d avg −0.023%

Together, before fees−0.064%−$6 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: Gate is 0.023% dearer against BingX than usual: you sell high and buy low, +$2 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-USDC	0.4391	0.0100	pay 0.0050% / 4h	1h 37m	—	$758K	—
Short	Gate ONDO_USDT	0.4391	0.0100	get 0.0050% / 4h	1h 37m	$11.6M	$16.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.023%: $2.29
Slippage, 4 orders: −$128.29
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$151
Costs to cover: 1.533%
Break-even: never at this rate

Slippage from BingX: live order book, 22 min ago; Gate: live order book, 1 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, 22 min ago	2.27 bp	59.0 bp −$59	107.3 bp −$1,073	573.5 bp −$57.3K	960.2 bp −$480.1K
Sell Gate live order book, 1 min ago	1.14 bp	17.1 bp −$17	28.0 bp −$280	45.2 bp −$4,516	76.5 bp −$38.3K

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	0.0000%	1h	0.4384	−0.157%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4388	−0.066%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.031%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4387	−0.081%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4389	−0.046%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4401	+0.228%	$373K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4399	+0.173%	$63.9M	$225.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4398	+0.159%	$69.4M	$122.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4403	+0.273%	$17.0M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4396	+0.105%	$72K	$86K	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	0.4393	+0.040%	—	—	5x	as long as short
Gate ONDO_USDTshort	+0.0100%	4h	0.4391	0.000%	$11.6M	$16.1M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4391	0.000%	$47.1M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4389	−0.046%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4401	+0.228%	$25.1M	$39.6M	50x	as long as short
BingX ONDO-USDClong	+0.0100%	4h	0.4391	long leg	—	$758K	—
Variational Omni ONDO	+0.0100%	4h	0.4395	+0.083%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4396	+0.119%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4389	−0.038%	$405K	$983K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4392	+0.023%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4403	+0.269%	$70K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4390	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4390	−0.023%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4394	+0.068%	$129K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4386	−0.114%	$4.2M	$7.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4395	+0.091%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4394	+0.075%	$397K	$789K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4392	+0.025%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0126%	4h	0.4392	+0.029%	$709K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0148%	1h	0.4405	+0.321%	$38.2M	$24.4M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0176%	1h	0.4387	−0.084%	$189K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4398	+0.150%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4394	+0.068%	$3.1M	$3.0M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4400	+0.205%	$282K	$702K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4399	+0.175%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4390	−0.023%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4389	−0.049%	$484K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4399	+0.175%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4402	+0.243%	$2K	—	20x	as long as short