Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.022%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.022%, 7d avg +0.016%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4312	0.0100	pay 0.0050% / 4h	3h 27m	$43.9M	$42.1M	200x
Short	Binance ONDOUSDT	0.4313	0.0100	get 0.0050% / 4h	3h 27m	$62.9M	$233.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.016%: $0.69
Slippage, 4 orders: −$8.66
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.97
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Binance: live order book, 16 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 MEXC live order book, 6 min ago	1.16 bp	1.2 bp −$1	3.5 bp −$35	26.3 bp −$2,631	135.0 bp −$67.5K
Sell Binance live order book, 16 min ago	1.15 bp	8.0 bp −$8	13.8 bp −$138	47.9 bp −$4,790	doesn't fit

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	−0.0177%	1h	0.4313	+0.022%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4301	−0.256%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.937%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4314	+0.037%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4300	−0.278%	$341K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4314	+0.050%	$760K	$2.8M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4313	+0.022%	$62.9M	$233.5M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4311	−0.023%	$67.5M	$122.3M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4311	−0.023%	$17.2M	$71.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4318	+0.130%	$71K	$79K	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	0.4297	−0.352%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4311	−0.023%	$13.2M	$15.2M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4312	long leg	$43.9M	$42.1M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4313	+0.023%	$12.1M	$10.3M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4312	0.000%	$25.0M	$36.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4313	+0.023%	—	$781K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4315	+0.067%	$178K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4310	−0.051%	$678K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4313	+0.024%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4310	−0.045%	$404K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4313	+0.023%	$134K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4301	−0.255%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4305	−0.162%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4307	−0.116%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4308	−0.093%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4320	+0.186%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4311	−0.023%	$4.2M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4300	−0.290%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4312	+0.007%	$357K	$824K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4309	−0.070%	$37K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0215%	1h	0.4307	−0.116%	$28K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4340	+0.649%	$214K	$719K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4299	−0.292%	$354	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4313	+0.012%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4312	0.000%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0521%	1h	0.4317	+0.125%	$36.2M	$27.7M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0581% / S −0.0208%	1h	0.4301	−0.260%	$498K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4302	−0.226%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3651%	1h	0.4298	−0.332%	$245K	$159K	5x	as long as short