Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against SunX+0.012%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1591.589% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.012%, 7d avg +0.026%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4501	0.0100	pay 0.0050% / 4h	2h 12m	—	$1.4M	20x
Short	Binance ONDOUSDT	0.4502	0.0100	get 0.0050% / 4h	2h 12m	$66.4M	$221.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.026%: −$1.39
Slippage, 4 orders: −$140.93
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$160.32
Costs to cover: 1.589%
Break-even: never at this rate

Slippage from SunX: live order book, 2 min ago; Binance: live order book, 1 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 SunX live order book, 2 min ago	47.62 bp	71.1 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.11 bp	9.6 bp −$10	14.8 bp −$148	51.0 bp −$5,101	372.6 bp −$186.3K

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
Kraken Futures PF_ONDOUSD	−0.1131%	1h	0.4498	−0.066%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4503	+0.044%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4500	−0.018%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4528	+0.609%	$30K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	+0.467%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4499	−0.044%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4495	−0.133%	$421K	$681K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4499	−0.036%	$757K	$2.0M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4502	+0.012%	$66.4M	$221.0M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4502	+0.022%	$72.9M	$118.2M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4503	+0.044%	$17.6M	$79.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4495	−0.136%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4498	−0.060%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4499	−0.044%	$11.7M	$18.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4502	+0.022%	$47.2M	$45.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4501	0.000%	$13.5M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4502	+0.022%	$25.5M	$41.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4502	+0.022%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4505	+0.080%	$192K	$971K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4521	+0.451%	$794K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4518	+0.375%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4528	+0.600%	$428K	$948K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4520	+0.422%	$159K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4499	−0.053%	$91K	$1.1M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4501	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4501	0.000%	$468	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4505	+0.089%	$129K	$520K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4502	+0.022%	$4.7M	$6.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4496	−0.101%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4500	−0.020%	$401K	$979K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4503	+0.044%	$35K	—	3x	as long as short
Hyperliquid ONDO	+0.0278%	1h	0.4503	+0.040%	$40.2M	$27.9M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4539	+0.844%	$305K	$842K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4505	+0.089%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0392%	1h	0.4501	+0.011%	$370	$2K	10x	as long as short
Lighter ONDO	+0.0544%	1h	0.4509	+0.171%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0588% / S −0.0191%	1h	0.4500	−0.017%	$541K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1139%	1h	0.4498	−0.074%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9273%	1h	0.4500	−0.019%	$255K	$129K	5x	as long as short