Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.083%

Price spread now: Binance against Kraken Futures+0.134%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$510.505% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.324%−$32 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.134%, 7d avg −0.053%

Together, before fees−0.332%−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.187% dearer against Kraken Futures than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.053%. Mind the row above: over the last 7 days funding on this pair cost −0.324%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4424	0.0061	pay 0.0008% / 1h	30m 17s	$2.6M	$8.2M	50x
Short	Binance ONDOUSDT	0.4430	0.0100	get 0.0050% / 4h	1h 30m	$64.2M	$225.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.134%Rate

Funding earned: $8.21
Price spread: +0.134% → −0.053%: $18.67
Slippage, 4 orders: −$30.53
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.65
Costs to cover: 0.505%
Break-even: 27.2 days

Slippage from Kraken Futures: live order book, 4 min ago; Binance: live order book, 13 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 Kraken Futures live order book, 4 min ago	6.79 bp	16.0 bp −$16	19.3 bp −$193	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.13 bp	8.8 bp −$9	15.4 bp −$154	52.5 bp −$5,247	360.7 bp −$180.3K

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	+0.0002%	1h	0.4430	+0.138%	$251K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4428	+0.086%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.256%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSDlong	+0.0061%	1h	0.4424	long leg	$2.6M	$8.2M	50x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4428	+0.091%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4431	+0.159%	$375K	$837K	10x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4430	+0.134%	$64.2M	$225.9M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4429	+0.114%	$70.0M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4428	+0.091%	$17.1M	$72.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4419	−0.110%	$72K	$87K	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	0.4431	+0.152%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4430	+0.136%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4431	+0.159%	$47.0M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4432	+0.181%	$13.0M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4429	+0.114%	$25.3M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4430	+0.136%	—	$21.9M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4427	+0.059%	$717K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4421	−0.065%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4422	−0.035%	$414K	$992K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4417	−0.158%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4432	+0.177%	$71K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4432	+0.181%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4427	+0.068%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4436	+0.272%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4425	+0.023%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4427	+0.063%	$401K	$790K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4430	+0.136%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0106%	8h	0.4432	+0.176%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0167%	4h	0.4433	+0.204%	$715K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0211%	1h	0.4435	+0.240%	$38.5M	$24.5M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0218%	1h	0.4436	+0.281%	$194K	$981K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4425	+0.019%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4432	+0.181%	$3.1M	$3.1M	75x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4435	+0.249%	$285K	$705K	50x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4435	+0.256%	$365	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0428%	1h	0.4429	+0.114%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0553% / S −0.0190%	1h	0.4429	+0.105%	$489K	—	100x	as long as short
Lighter ONDO	+0.0896%	1h	0.4439	+0.344%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4432	+0.174%	$2K	—	20x	as long as short