Funding arb · Price arb /

ONDO

all ONDO markets

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: BingX against Bybit0.000%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1261.262% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ONDOUSDT	0.4329	0.0100	pay 0.0050% / 4h	1h 55m	$67.5M	$126.3M	50x
Short	BingX ONDO-USDC	0.4329	0.0100	get 0.0050% / 4h	1h 55m	—	$764K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: −$105.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$126.24
Costs to cover: 1.262%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 18 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, 3 min ago	1.15 bp	8.2 bp −$8	14.2 bp −$142	47.6 bp −$4,759	doesn't fit
Sell BingX live order book, 18 min ago	2.30 bp	61.7 bp −$62	99.5 bp −$995	569.2 bp −$56.9K	1042.1 bp −$521.1K

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	−0.0146%	1h	0.4328	−0.014%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4331	+0.050%	$243K	$137K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4329	+0.010%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.521%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4334	+0.109%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	+0.110%	$346K	$894K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4333	+0.103%	$774K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4330	+0.029%	$62.9M	$238.4M	75x	as long as short
Bybit ONDOUSDTlong	+0.0100%	4h	0.4329	long leg	$67.5M	$126.3M	50x
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4331	+0.046%	$17.2M	$73.7M	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	0.4361	+0.730%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4332	+0.065%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4329	0.000%	$12.3M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4329	0.000%	$42.5M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4328	−0.023%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4331	+0.046%	$24.9M	$39.5M	50x	as long as short
BingX ONDO-USDCshort	+0.0100%	4h	0.4329	0.000%	—	$764K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4329	+0.005%	$180K	$992K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4329	−0.006%	$640K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4344	+0.349%	$4K	$314K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4353	+0.546%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4350	+0.485%	$133K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4332	+0.067%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4331	+0.046%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4331	+0.046%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4329	0.000%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4341	+0.277%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4330	+0.023%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4332	+0.072%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4330	+0.021%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4333	+0.081%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4331	+0.046%	$18K	$362K	25x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4333	+0.099%	$357	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4333	+0.092%	$215K	$725K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4346	+0.388%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4340	+0.254%	$3.2M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0478%	1h	0.4334	+0.122%	$36.6M	$27.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0561% / S −0.0197%	1h	0.4329	+0.002%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4331	+0.052%	$2K	—	20x	as long as short