Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: RISEx against MEXC+0.014%7-day average — · you sell dearer than you buy

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

Long on MEXC 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4335	0.0100	pay 0.0050% / 4h	2h 17m	$44.9M	$41.4M	200x
Short	RISEx ONDO/USDC	0.4336	0.0100	get 0.0013% / 1h	17m 39s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.36
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$4.64
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: 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 MEXC live order book, 4 min ago	1.15 bp	1.1 bp −$1	4.7 bp −$47	21.5 bp −$2,146	116.9 bp −$58.4K
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 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
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4340	+0.115%	$22K	$384K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4340	+0.110%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0019%	1h	0.4339	+0.091%	$2.6M	$7.5M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.375%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4340	+0.125%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4338	+0.069%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4336	+0.035%	$338K	$864K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4339	+0.081%	$36.5M	$27.1M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4338	+0.072%	$775K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4336	+0.034%	$63.3M	$227.2M	75x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4333	−0.046%	$68.4M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4336	+0.023%	$17.3M	$68.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4342	+0.159%	$72K	$77K	10x	as long as short
RISEx ONDO/USDCshort	+0.0100%	1h	0.4336	+0.014%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4335	0.000%	$13.7M	$14.6M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4335	long leg	$44.9M	$41.4M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4335	0.000%	$13.1M	$9.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4337	+0.046%	$25.2M	$35.1M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4336	+0.023%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4338	+0.069%	$181K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4345	+0.222%	$801K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4341	+0.132%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4341	+0.130%	$412K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4352	+0.392%	$134K	$320K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4344	+0.210%	$60K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4344	+0.208%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4339	+0.092%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4349	+0.323%	$106K	$489K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4337	+0.046%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4335	−0.008%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4335	+0.004%	$364K	$787K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4340	+0.124%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4337	+0.055%	$357	$2K	10x	as long as short
Phoenix ONDO	+0.0219%	1h	0.4353	+0.418%	$35K	$217K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4353	+0.415%	$214K	$633K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4343	+0.185%	$3.2M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4340	+0.122%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1165%	1h	0.4342	+0.151%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2898%	1h	0.4340	+0.125%	$248K	$160K	5x	as long as short