Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against BingX+0.348%7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1891.886% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.381%−$38 · spread now +0.348%, 7d avg +0.157%

Together, before fees−0.361%−$36 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: HTX is 0.191% dearer against BingX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.157%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDC	0.4312	0.0100	pay 0.0050% / 4h	36m 34s	—	$776K	—
Short	HTX ONDO-USDT	0.4327	0.0100	get 0.0050% / 4h	36m 34s	$128K	$369K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.348%Rate

Funding earned: $0
Price spread: +0.348% → +0.157%: $19.11
Slippage, 4 orders: −$166.57
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$169.46
Costs to cover: 1.886%
Break-even: never at this rate

Slippage from BingX: live order book, 22 min ago; HTX: 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	2.32 bp	68.6 bp −$69	125.1 bp −$1,251	661.9 bp −$66.2K	1018.9 bp −$509.5K
Sell HTX live order book, 1 min ago	17.31 bp	23.3 bp −$23	doesn't fit	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	−0.0176%	1h	0.4315	+0.076%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4318	+0.145%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.937%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4321	+0.204%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4310	−0.041%	$346K	$888K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4314	+0.041%	$772K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4313	+0.023%	$62.6M	$233.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4312	0.000%	$67.8M	$122.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4313	+0.023%	$17.2M	$71.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4325	+0.313%	$71K	$81K	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	0.4311	−0.028%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4315	+0.070%	$12.8M	$15.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4312	0.000%	$43.5M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4317	+0.116%	$12.0M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4311	−0.023%	$24.6M	$36.6M	50x	as long as short
BingX ONDO-USDClong	+0.0100%	4h	0.4312	long leg	—	$776K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4320	+0.186%	$175K	$994K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4333	+0.479%	$735K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4326	+0.332%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4329	+0.394%	$399K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4335	+0.533%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4322	+0.223%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4317	+0.116%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4325	+0.301%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4318	+0.139%	$489	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4327	+0.348%	$128K	$369K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4318	+0.139%	$4.2M	$8.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4311	−0.021%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4310	−0.045%	$353K	$800K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4320	+0.186%	$37K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0213%	1h	0.4318	+0.139%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0216%	1h	0.4313	+0.030%	$355	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4324	+0.278%	$214K	$730K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4332	+0.468%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4321	+0.209%	$3.1M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0352%	1h	0.4322	+0.230%	$36.5M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4318	+0.142%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1160%	1h	0.4319	+0.167%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1619%	1h	0.4318	+0.130%	$242K	$156K	5x	as long as short