Funding arb · Price arb /

ONDO

all ONDO markets

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: BingX against Bitget0.000%7-day average −0.004% · 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−$42as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days−0.019%−$2 · spread now 0.000%, 7d avg −0.004%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4573	0.0100	pay 0.0050% / 4h	48m 51s	$25.9M	$41.4M	50x
Short	BingX ONDO-USDT	0.4573	0.0100	get 0.0050% / 4h	48m 51s	—	$22.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.004%: $0.43
Slippage, 4 orders: −$20.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$42.27
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 5 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 Bitget live order book, 5 min ago	1.09 bp	15.1 bp −$15	21.7 bp −$217	76.6 bp −$7,661	doesn't fit
Sell BingX live order book, 5 min ago	1.09 bp	11.4 bp −$11	14.8 bp −$148	40.3 bp −$4,035	370.1 bp −$185.1K

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	−0.0798%	1h	0.4573	−0.006%	$2.9M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.109%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4572	−0.017%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4571	−0.044%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4575	+0.044%	$431K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4575	+0.042%	$725K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4574	+0.022%	$68.4M	$227.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4572	−0.022%	$74.2M	$122.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4571	−0.044%	$17.8M	$81.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4597	+0.523%	$75K	$89K	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	0.4571	−0.043%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4572	−0.022%	$12.0M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4574	+0.022%	$49.4M	$43.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4574	+0.022%	$13.8M	$11.1M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4573	long leg	$25.9M	$41.4M	50x
BingX ONDO-USDTshort	+0.0100%	4h	0.4573	0.000%	—	$22.3M	—
Variational Omni ONDO	+0.0100%	4h	0.4587	+0.305%	$789K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4590	+0.369%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4590	+0.373%	$434K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4588	+0.328%	$174K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4575	+0.035%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4574	+0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4571	−0.044%	$475	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4582	+0.197%	$133K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4573	0.000%	$4.7M	$6.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4572	−0.022%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4574	+0.015%	$409K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4575	+0.033%	$44K	$8K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4571	−0.044%	$36K	$436K	25x	as long as short
Backpack ONDO_USDC_PERP	+0.0205%	1h	0.4574	+0.020%	$231K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4578	+0.120%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	+0.569%	$302K	$859K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4576	+0.066%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0366%	1h	0.4577	+0.084%	$40.6M	$26.8M	10x	as long as short
01 Exchange ONDOUSD	+0.0496%	1h	0.4577	+0.077%	$377	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0188%	1h	0.4572	−0.031%	$546K	—	100x	as long as short
Lighter ONDO	+0.1032%	1h	0.4583	+0.223%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4573	+0.008%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6770%	1h	0.4574	+0.013%	$259K	$129K	5x	as long as short