Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h —

Price spread now: RISEx against BloFin+0.020%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 7 days—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	BloFin ONDO-USDT	0.4546	0.0340	pay 0.0170% / 4h	3h 54m	$3.2M	$3.3M	75x
Short	RISEx ONDO/USDC	0.4547	0.0100	get 0.0013% / 1h	54m 18s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BloFin. 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 BloFinbpFee RISExbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$50.4
Price spread: +0.020% → 0.000%: $1.97
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$66.43
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; RISEx: 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 BloFin live order book, 4 min ago	3.28 bp	11.4 bp −$11	15.6 bp −$156	31.7 bp −$3,170	doesn't fit
Sell RISEx no order-book sample	—	—	—	—	—

RISEx: 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	−0.0878%	1h	0.4547	+0.025%	$2.7M	$8.0M	50x	as long as short
ApeX Omni ONDOUSDT	−0.0592%	1h	0.4571	+0.550%	$174K	$312K	50x	as long as short
Gate ONDO_USDT	−0.0478%	4h	0.4544	−0.044%	$11.9M	$16.5M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4546	+0.004%	$257K	$132K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4546	+0.005%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+0.484%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4545	−0.022%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4547	+0.033%	$437K	$706K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4551	+0.108%	$40.2M	$26.0M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4547	+0.026%	$719K	$2.1M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4547	+0.019%	$68.0M	$226.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4547	+0.022%	$73.6M	$120.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4548	+0.044%	$17.6M	$79.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4555	+0.191%	$75K	$89K	10x	as long as short
RISEx ONDO/USDCshort	+0.0100%	1h	0.4547	+0.020%	—	—	5x
MEXC ONDO_USDT	+0.0100%	4h	0.4547	+0.022%	$48.8M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4545	−0.022%	$14.1M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4547	+0.022%	$25.7M	$40.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4546	0.000%	—	$22.2M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4546	−0.011%	$227K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4569	+0.503%	$812K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4572	+0.579%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4572	+0.574%	$430K	$960K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4550	+0.090%	$69K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4547	+0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4548	+0.044%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4557	+0.242%	$133K	$502K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4547	+0.022%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4545	−0.028%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4547	+0.013%	$407K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4549	+0.073%	$39K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0190%	1h	0.4549	+0.066%	$33K	$364K	25x	as long as short
01 Exchange ONDOUSD	+0.0192%	1h	0.4551	+0.119%	$375	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4575	+0.636%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4562	+0.352%	$297K	$830K	50x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4546	long leg	$3.2M	$3.3M	75x
Lighter ONDO	+0.0400%	1h	0.4555	+0.187%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0188%	1h	0.4546	−0.005%	$543K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4547	+0.029%	$2K	—	20x	as long as short