Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h −0.049%

Price spread now: Binance against 01 Exchange−0.014%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4280	−0.0008	get 0.0001% / 1h	27m 28s	$352	$2K	10x
Short	Binance ONDOUSDT	0.4279	0.0100	get 0.0050% / 4h	1h 27m	$61.8M	$222.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against 01 Exchange. 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 01 ExchangebpFee BinancebpOrdersPrice spread, now −0.014%Rate

Funding earned: $22.68
Price spread: −0.014% → 0.000%: −$1.38
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $4.3
Costs to cover: 0.170%
Break-even: 5.7 days

Slippage unknown: 01 Exchange: no order-book sample; Binance: live order book, 9 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	1.16 bp	6.2 bp −$6	11.1 bp −$111	41.9 bp −$4,190	377.5 bp −$188.8K

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONDO on 39 exchanges

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	−0.0328%	1h	0.4282	+0.051%	$2.5M	$7.0M	50x	as long as short
01 Exchange ONDOUSDlong	−0.0008%	1h	0.4280	long leg	$352	$2K	10x
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4283	+0.072%	$21K	$365K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4283	+0.068%	$7K	—	150x	as long as short
Bybit ONDOUSDT	+0.0025%	4h	0.4277	−0.068%	$66.2M	$116.3M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.731%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4285	+0.126%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4282	+0.049%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4279	−0.009%	$330K	$830K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4284	+0.098%	$35.7M	$27.0M	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDT	+0.0100%	4h	0.4283	+0.070%	$760K	$2.9M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4279	−0.014%	$61.8M	$222.1M	75x
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4278	−0.044%	$16.8M	$67.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4286	+0.154%	$68K	$73K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4281	+0.025%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4281	+0.026%	$13.8M	$13.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4281	+0.026%	$43.4M	$41.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4282	+0.049%	$13.0M	$9.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4279	−0.021%	$24.7M	$33.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4279	−0.021%	—	$23.8M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4283	+0.063%	$183K	$985K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4270	−0.220%	$666K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4279	−0.016%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4273	−0.155%	$401K	$2.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4280	+0.002%	$85K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4284	+0.100%	$55K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4284	+0.096%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4283	+0.072%	$445	$16K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4291	+0.259%	$105K	$463K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4282	+0.049%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4278	−0.047%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4278	−0.055%	$346K	$769K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4284	+0.084%	$37K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0173% / S +0.0229%	1h	0.4281	+0.016%	$348K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4281	+0.019%	$34K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4282	+0.049%	$211K	$605K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4279	−0.021%	$3.2M	$2.9M	75x	as long as short
Reya ONDORUSDPERP	+0.1167%	1h	0.4281	+0.018%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3745%	1h	0.4282	+0.042%	$245K	$159K	5x	as long as short