Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.058%

Price spread now: BingX against 01 Exchange+0.002%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 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: −$7 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	0.4540	0.0336	pay 0.0042% / 1h	25m 39s	$374	$2K	10x
Short	BingX ONDO-USDC	0.4540	0.0100	get 0.0050% / 4h	25m 39s	—	$741K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$49.56
Price spread: +0.002% → 0.000%: $0.22
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.34
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 3 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 BingX live order book, 3 min ago	2.20 bp	51.5 bp −$52	93.3 bp −$933	644.5 bp −$64.4K	1037.6 bp −$518.8K

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 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	−0.0803%	1h	0.4539	−0.009%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.619%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4541	+0.024%	$35K	$437K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4541	+0.029%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4540	+0.002%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4537	−0.064%	$436K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4541	+0.024%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4538	−0.052%	$67.9M	$227.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4537	−0.064%	$73.5M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4536	−0.086%	$17.6M	$80.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4549	+0.194%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4536	−0.080%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4535	−0.108%	$11.9M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4539	−0.020%	$48.7M	$43.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4541	+0.024%	$14.0M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4538	−0.042%	$25.7M	$41.2M	50x	as long as short
BingX ONDO-USDCshort	+0.0100%	4h	0.4540	+0.002%	—	$741K	—
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4542	+0.037%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	+0.134%	$780K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4545	+0.113%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4551	+0.253%	$420K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4546	+0.134%	$172K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4544	+0.086%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4540	+0.002%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4541	+0.024%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4556	+0.355%	$133K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4542	+0.046%	$4.6M	$6.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4540	+0.010%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4536	−0.076%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4542	+0.057%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0149%	1h	0.4545	+0.101%	$40.2M	$26.7M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4547	+0.163%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4555	+0.333%	$298K	$845K	50x	as long as short
01 Exchange ONDOUSDlong	+0.0336%	1h	0.4540	long leg	$374	$2K	10x
BloFin ONDO-USDT	+0.0340%	4h	0.4546	+0.134%	$3.3M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4541	+0.021%	$542K	—	100x	as long as short
Lighter ONDO	+0.0760%	1h	0.4548	+0.187%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4541	+0.022%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3995%	1h	0.4539	−0.020%	$257K	$132K	5x	as long as short