Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h —

Price spread now: RISEx against Kraken Futures+0.007%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ONDOUSD	0.4386	0.0061	pay 0.0008% / 1h	4m 42s	$2.6M	$8.2M	50x
Short	RISEx ONDO/USDC	0.4387	0.0100	get 0.0013% / 1h	4m 42s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Kraken Futures. 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 Kraken FuturesbpFee RISExbpOrdersPrice spread, now +0.007%Rate

Funding earned: $8.1
Price spread: +0.007% → 0.000%: $0.72
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$7.18
Costs to cover: 0.160%
Break-even: 13.2 days

Slippage unknown: Kraken Futures: 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 Kraken Futures live order book, 4 min ago	4.54 bp	13.9 bp −$14	22.5 bp −$225	doesn't fit	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
dYdX ONDO-USD	+0.0001%	1h	0.4389	+0.062%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4384	−0.057%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.140%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSDlong	+0.0061%	1h	0.4386	long leg	$2.6M	$8.2M	50x
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4385	−0.032%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4387	+0.008%	$370K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4389	+0.059%	$63.7M	$226.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4387	+0.013%	$69.6M	$123.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4387	+0.013%	$17.1M	$71.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4383	−0.071%	$72K	$84K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDCshort	+0.0100%	1h	0.4387	+0.007%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4387	+0.013%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4388	+0.036%	$47.4M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4391	+0.104%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4389	+0.059%	$25.1M	$39.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4389	+0.059%	—	$763K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4386	−0.018%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4393	+0.152%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4402	+0.355%	$407K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4400	+0.310%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4388	+0.032%	$64K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4387	+0.013%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4387	+0.013%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4395	+0.196%	$129K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4390	+0.082%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4387	+0.021%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4386	−0.007%	$396K	$793K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4387	+0.025%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0128%	1h	0.4395	+0.187%	$38.1M	$24.2M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0166%	1h	0.4392	+0.132%	$189K	$981K	15x	as long as short
Aster ONDOUSDT	+0.0190%	4h	0.4392	+0.127%	$733K	$2.3M	20x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4394	+0.182%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4392	+0.127%	$3.1M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4386	−0.014%	$361	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4390	+0.082%	$279K	$714K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4387	+0.013%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4383	−0.084%	$484K	—	100x	as long as short
Lighter ONDO	+0.0856%	1h	0.4397	+0.253%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4388	+0.040%	$2K	—	20x	as long as short