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 0.000%

Price spread now: OKX against BingX−0.023%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1361.361% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.023%, 7d avg −0.009%

Together, before fees+0.193%+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDC	0.4398	0.0100	pay 0.0050% / 4h	1h 07m	—	$761K	—
Short	OKX ONDO-USDT-SWAP	0.4397	0.0100	get 0.0050% / 4h	1h 07m	$17.1M	$71.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.009%: −$1.34
Slippage, 4 orders: −$116.1
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$137.44
Costs to cover: 1.361%
Break-even: never at this rate

Slippage from BingX: live order book, 51 min ago; OKX: 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, 51 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 OKX live order book, 1 min ago	1.13 bp	8.9 bp −$9	22.7 bp −$227	223.1 bp −$22.3K	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	0.4397	−0.020%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4405	+0.171%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.865%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4401	+0.064%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4405	+0.159%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4403	+0.108%	$372K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4398	0.000%	$63.9M	$225.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4397	−0.023%	$69.8M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAPshort	+0.0100%	4h	0.4397	−0.023%	$17.1M	$71.6M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4401	+0.059%	$73K	$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	0.4403	+0.107%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4397	−0.023%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4398	0.000%	$47.6M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4398	0.000%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4397	−0.023%	$25.1M	$39.4M	50x	as long as short
BingX ONDO-USDClong	+0.0100%	4h	0.4398	long leg	—	$761K	—
Variational Omni ONDO	+0.0100%	4h	0.4410	+0.265%	$714K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4414	+0.364%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4418	+0.458%	$408K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4417	+0.432%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4406	+0.186%	$64K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4403	+0.114%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4406	+0.182%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4408	+0.227%	$129K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4401	+0.068%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4404	+0.135%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4398	−0.010%	$398K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4408	+0.227%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0137%	1h	0.4402	+0.095%	$38.2M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0181%	1h	0.4402	+0.084%	$191K	$979K	15x	as long as short
Aster ONDOUSDT	+0.0190%	4h	0.4401	+0.068%	$735K	$2.3M	20x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4427	+0.650%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4399	+0.023%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4406	+0.191%	$363	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	+0.546%	$281K	$719K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0431%	1h	0.4407	+0.205%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4405	+0.149%	$486K	—	100x	as long as short
Lighter ONDO	+0.0864%	1h	0.4410	+0.280%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4407	+0.202%	$2K	—	20x	as long as short