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: Binance against OKX−0.023%7-day average +0.025% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.023%, 7d avg +0.025%

Together, before fees+0.032%+$3 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% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4349	0.0100	pay 0.0050% / 4h	3h 22m	$17.0M	$72.0M	50x
Short	Binance ONDOUSDT	0.4348	0.0100	get 0.0050% / 4h	3h 22m	$62.8M	$230.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.025%: −$4.77
Slippage, 4 orders: −$14.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$39.05
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Binance: live order book, 6 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 OKX live order book, 1 min ago	1.15 bp	9.7 bp −$10	18.7 bp −$187	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.14 bp	7.3 bp −$7	14.2 bp −$142	44.2 bp −$4,418	363.6 bp −$181.8K

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	−0.0161%	1h	0.4351	+0.051%	$2.6M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4352	+0.066%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.036%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4354	+0.108%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4353	+0.092%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4347	−0.046%	$359K	$841K	10x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4348	−0.023%	$62.8M	$230.8M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4347	−0.046%	$67.6M	$124.5M	50x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4349	long leg	$17.0M	$72.0M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4363	+0.329%	$72K	$83K	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	0.4346	−0.077%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4347	−0.046%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4349	0.000%	$43.0M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4350	+0.023%	$12.6M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4348	−0.023%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4348	−0.023%	—	$759K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4354	+0.106%	$183K	$980K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4364	+0.338%	$713K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4369	+0.457%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4364	+0.335%	$406K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4368	+0.437%	$135K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4353	+0.087%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4354	+0.115%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4354	+0.115%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4360	+0.253%	$129K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4356	+0.161%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4348	−0.030%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4345	−0.091%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4355	+0.142%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0160%	4h	0.4348	−0.028%	$785K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4345	−0.092%	$358	$2K	10x	as long as short
Hyperliquid ONDO	+0.0195%	1h	0.4352	+0.078%	$37.4M	$24.4M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0210%	1h	0.4354	+0.115%	$18K	$362K	25x	as long as short
dYdX ONDO-USD	+0.0216%	1h	0.4349	−0.005%	$246K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4368	+0.437%	$248K	$725K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4368	+0.430%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4357	+0.184%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0555% / S −0.0193%	1h	0.4352	+0.058%	$484K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4353	+0.090%	$2K	—	20x	as long as short