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: Binance against Bybit+0.017%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.017%, 7d avg +0.030%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ONDOUSDT	0.4450	0.0100	pay 0.0050% / 4h	2h 47m	$71.7M	$122.5M	50x
Short	Binance ONDOUSDT	0.4451	0.0100	get 0.0050% / 4h	2h 47m	$65.6M	$227.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → +0.030%: −$1.25
Slippage, 4 orders: −$15.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.04
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 11 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 Bybit live order book, 2 min ago	1.12 bp	8.4 bp −$8	15.5 bp −$155	64.2 bp −$6,425	doesn't fit
Sell Binance live order book, 11 min ago	1.12 bp	9.5 bp −$9	20.2 bp −$202	64.8 bp −$6,477	382.8 bp −$191.4K

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	−0.0359%	1h	0.4452	+0.048%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4454	+0.093%	$252K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4454	+0.087%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.652%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4453	+0.067%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4459	+0.197%	$406K	$780K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4453	+0.076%	$685K	$2.2M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4451	+0.017%	$65.6M	$227.8M	75x
Bybit ONDOUSDTlong	+0.0100%	4h	0.4450	long leg	$71.7M	$122.5M	50x
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4451	+0.022%	$17.2M	$76.3M	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	0.4464	+0.319%	$73K	$92K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4458	+0.187%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4451	+0.022%	$11.7M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4453	+0.067%	$45.1M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4452	+0.045%	$13.5M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4451	+0.022%	$25.1M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4452	+0.045%	—	$755K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4453	+0.065%	$202K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4468	+0.400%	$791K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4470	+0.459%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4470	+0.451%	$421K	$952K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4470	+0.449%	$165K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4457	+0.162%	$77K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4455	+0.112%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4454	+0.090%	$463	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4468	+0.404%	$131K	$500K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4461	+0.245%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4451	+0.031%	$402K	$816K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4454	+0.094%	$39K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0199%	1h	0.4455	+0.112%	$33K	$339K	25x	as long as short
Hyperliquid ONDO	+0.0254%	1h	0.4456	+0.128%	$39.4M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4461	+0.252%	$367	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4469	+0.427%	$290K	$800K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4476	+0.573%	$36K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+0.472%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0581% / S −0.0186%	1h	0.4453	+0.062%	$532K	—	100x	as long as short
Phemex ONDOUSDT	+0.0588%	4h	0.4458	+0.180%	$4.3M	$7.3M	50x	as long as short
Lighter ONDO	+0.0608%	1h	0.4460	+0.225%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4456	+0.129%	$2K	—	20x	as long as short