Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.050%

Price spread now: 01 Exchange against BingX+0.107%7-day average — · you sell dearer than you buy

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

Long on BingX 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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and 01 Exchange is 0.107% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ONDO-USDC	0.4303	0.0100	pay 0.0050% / 4h	3h 26m	—	$782K	—
Short	01 Exchange ONDOUSD	0.4308	0.0272	get 0.0034% / 1h	26m 02s	$355	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.107%Rate

Funding earned: $36.12
Price spread: +0.107% → 0.000%: $10.69
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $29.81
Costs to cover: 0.170%
Break-even: 1.2 days

Slippage unknown: BingX: live order book, 18 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 BingX live order book, 18 min ago	2.31 bp	65.3 bp −$65	107.5 bp −$1,075	576.2 bp −$57.6K	994.3 bp −$497.1K
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 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	−0.0177%	1h	0.4304	+0.030%	$2.5M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4303	0.000%	$28K	$362K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4301	−0.047%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.158%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4306	+0.081%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4307	+0.093%	$342K	$888K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4307	+0.086%	$759K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4307	+0.084%	$62.8M	$233.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4306	+0.070%	$67.4M	$122.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4310	+0.163%	$17.2M	$70.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4318	+0.339%	$71K	$79K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4305	+0.057%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4302	−0.023%	$13.2M	$15.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4302	−0.023%	$43.8M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4302	−0.023%	$12.1M	$10.3M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4303	0.000%	$24.9M	$36.4M	50x	as long as short
BingX ONDO-USDClong	+0.0100%	4h	0.4303	long leg	—	$782K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4303	−0.012%	$178K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4310	+0.158%	$678K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4313	+0.233%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4310	+0.164%	$404K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4313	+0.232%	$134K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4306	+0.070%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4302	−0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4304	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4303	0.000%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4313	+0.232%	$128K	$368K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4302	−0.023%	$4.2M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4307	+0.104%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4302	−0.023%	$357K	$824K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4305	+0.046%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4340	+0.860%	$214K	$718K	50x	as long as short
01 Exchange ONDOUSDshort	+0.0272%	1h	0.4308	+0.107%	$355	$2K	10x
Phoenix ONDO	+0.0277%	1h	0.4313	+0.221%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4314	+0.256%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0498%	1h	0.4306	+0.070%	$36.1M	$27.8M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0580% / S −0.0208%	1h	0.4303	−0.006%	$498K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4310	+0.157%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3583%	1h	0.4307	+0.082%	$246K	$159K	5x	as long as short