Funding arb · Price arb /

ONDO

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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: Binance against KuCoin+0.034%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.034%, 7d avg −0.014%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.048% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4339	0.0100	pay 0.0050% / 4h	1h 19m	$12.0M	$10.5M	50x
Short	Binance ONDOUSDT	0.4340	0.0100	get 0.0050% / 4h	1h 19m	$62.7M	$235.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.014%: $4.79
Slippage, 4 orders: −$28.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.43
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 9 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 KuCoin live order book, 9 min ago	2.32 bp	17.4 bp −$17	39.3 bp −$393	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.16 bp	7.5 bp −$8	12.8 bp −$128	44.5 bp −$4,447	363.7 bp −$181.9K

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	0.4339	+0.011%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4333	−0.138%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0003%	1h	0.4338	−0.021%	$244K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.278%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4343	+0.090%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4345	+0.138%	$349K	$893K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4340	+0.023%	$780K	$2.7M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4340	+0.034%	$62.7M	$235.0M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4339	0.000%	$68.1M	$124.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4342	+0.069%	$17.3M	$72.5M	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	0.4340	+0.028%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4338	−0.016%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4337	−0.046%	$12.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4341	+0.046%	$43.6M	$42.8M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4339	long leg	$12.0M	$10.5M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4339	0.000%	$24.8M	$37.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4340	+0.023%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4340	+0.032%	$173K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4333	−0.144%	$722K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4334	−0.119%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4329	−0.225%	$401K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4332	−0.161%	$133K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4345	+0.150%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4340	+0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4344	+0.115%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4343	+0.092%	$451	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4348	+0.207%	$129K	$401K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4338	−0.023%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4340	+0.028%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4337	−0.047%	$358K	$821K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4344	+0.104%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0169%	1h	0.4345	+0.127%	$36.5M	$27.1M	10x	as long as short
01 Exchange ONDOUSD	+0.0208%	1h	0.4346	+0.152%	$358	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.069%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4336	−0.058%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4337	−0.046%	$3.1M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0441%	1h	0.4343	+0.092%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4337	−0.054%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4341	+0.051%	$2K	—	20x	as long as short