Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h 0.000%

Price spread now: Paradex against ApeX Omni−0.027%7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.027% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ONDOUSDT	0.4409	0.0100	pay 0.0013% / 1h	50m 58s	$136K	$353K	50x
Short	Paradex ONDO-USD-PERP	0.4408	0.0102	get 0.0102% / 8h	3h 50m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0.42
Price spread: −0.027% → 0.000%: −$2.73
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.31
Costs to cover: 0.140%
Break-even: 278.2 days

Slippage unknown: ApeX Omni: live order book, 66 min ago; Paradex: no order-book sample. 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 ApeX Omni live order book, 66 min ago	2.28 bp	7.6 bp −$8	30.9 bp −$309	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0159%	1h	0.4401	−0.180%	$2.6M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4407	−0.041%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4406	−0.072%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.606%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4407	−0.054%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4405	−0.091%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4407	−0.040%	$364K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4404	−0.112%	$63.7M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4400	−0.204%	$68.3M	$126.4M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4401	−0.181%	$17.2M	$73.4M	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	0.4414	+0.118%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4405	−0.101%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4403	−0.136%	$11.7M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4403	−0.136%	$43.9M	$41.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4405	−0.091%	$12.8M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4402	−0.159%	$25.3M	$40.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4403	−0.136%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4404	−0.116%	$185K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4404	−0.120%	$719K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4407	−0.039%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4413	+0.091%	$409K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4409	long leg	$136K	$353K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4407	−0.039%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4409	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4404	−0.113%	$458	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4415	+0.136%	$130K	$434K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4402	−0.159%	$4.3M	$7.9M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0102%	8h	0.4408	−0.027%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4404	−0.108%	$397K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4407	−0.034%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0184%	1h	0.4406	−0.077%	$363	$2K	10x	as long as short
Aster ONDOUSDT	+0.0234%	4h	0.4406	−0.061%	$762K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4408	−0.023%	$272K	$732K	50x	as long as short
Hyperliquid ONDO	+0.0307%	1h	0.4409	−0.002%	$37.9M	$24.6M	10x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4398	−0.249%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4407	−0.045%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0431%	1h	0.4407	−0.045%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4405	−0.095%	$486K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4407	−0.040%	$2K	—	20x	as long as short