Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX+0.091%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2362.357% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−0.061%−$6 · spread now +0.091%, 7d avg −0.004%

Together, before fees−0.082%−$8 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: BingX is 0.095% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ONDO-USDT	0.4412	0.0100	pay 0.0050% / 4h	2h 01m	—	$1.4M	20x
Short	BingX ONDO-USDC	0.4416	0.0100	get 0.0050% / 4h	2h 01m	—	$760K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → −0.004%: $9.46
Slippage, 4 orders: −$217.69
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$226.24
Costs to cover: 2.357%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; BingX: live order book, 73 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, 3 min ago	46.54 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 73 min ago	2.16 bp	53.7 bp −$54	107.0 bp −$1,070	609.1 bp −$60.9K	1006.5 bp −$503.3K

ONDO on 38 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	−0.0362%	1h	0.4415	+0.075%	$2.6M	$8.2M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4411	−0.020%	$250K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4414	+0.045%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.536%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4415	+0.068%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4414	+0.034%	$381K	$833K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4417	+0.113%	$673K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4416	+0.091%	$64.1M	$226.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4415	+0.068%	$69.9M	$122.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4414	+0.045%	$17.1M	$72.7M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4389	−0.533%	$72K	$86K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4411	−0.022%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4413	+0.023%	$11.6M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4414	+0.045%	$46.7M	$43.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4413	+0.023%	$13.1M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4416	+0.091%	$25.1M	$39.5M	50x	as long as short
BingX ONDO-USDCshort	+0.0100%	4h	0.4416	+0.091%	—	$760K	—
Variational Omni ONDO	+0.0100%	4h	0.4393	−0.437%	$761K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4410	−0.038%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4408	−0.094%	$407K	$978K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4412	0.000%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4415	+0.075%	$80K	$1.3M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4412	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4418	+0.136%	$459	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4422	+0.227%	$130K	$487K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4413	+0.024%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4417	+0.112%	$398K	$790K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4416	+0.097%	$38K	$13K	3x	as long as short
Phemex ONDOUSDT	+0.0167%	4h	0.4414	+0.045%	$4.2M	$7.5M	50x	as long as short
Backpack ONDO_USDC_PERP	+0.0175%	1h	0.4417	+0.116%	$197K	$988K	15x	as long as short
Hyperliquid ONDO	+0.0227%	1h	0.4417	+0.104%	$38.7M	$24.1M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4422	+0.227%	$284K	$706K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4418	+0.145%	$35K	$231K	10x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4416	+0.095%	$363	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4414	+0.048%	$487K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0656%	1h	0.4418	+0.136%	$23K	$349K	25x	as long as short
Lighter ONDO	+0.0784%	1h	0.4422	+0.224%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1148%	1h	0.4415	+0.073%	$2K	—	20x	as long as short