Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Ondo Perps+0.533%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps 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 airdropOndo Perps: Active · Paradex: 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 0.533% dearer against Ondo Perps than usual: you sell high and buy low, +$53 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	Ondo Perps ONDO-USD.P	0.4332	0.0100	pay 0.0013% / 1h	12m 36s	$71K	$82K	10x
Short	Paradex ONDO-USD-PERP	0.4355	0.0100	get 0.0100% / 8h	2h 12m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Ondo Perps. 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 Ondo PerpsbpFee ParadexbpOrdersPrice spread, now +0.533%Rate

Funding earned: $0.02
Price spread: +0.533% → 0.000%: $53.27
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $44.29
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Ondo Perps and 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	−0.0240%	1h	0.4347	+0.350%	$2.6M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4349	+0.390%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0010%	1h	0.4351	+0.445%	$244K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.448%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4358	+0.596%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4356	+0.554%	$350K	$885K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4356	+0.552%	$36.3M	$26.6M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4357	+0.566%	$777K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4354	+0.508%	$63.1M	$237.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4352	+0.462%	$67.9M	$126.5M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4355	+0.531%	$17.4M	$74.0M	50x	as long as short
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4332	long leg	$71K	$82K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4352	+0.457%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4354	+0.508%	$12.3M	$16.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4356	+0.554%	$43.4M	$42.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4355	+0.531%	$12.1M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4354	+0.508%	$25.0M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4355	+0.531%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4352	+0.457%	$177K	$990K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4334	+0.041%	$639K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4338	+0.127%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4340	+0.188%	$403K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4338	+0.139%	$133K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4355	+0.526%	$65K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4348	+0.369%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4348	+0.369%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4350	+0.416%	$452	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4355	+0.531%	$129K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4349	+0.392%	$4.2M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4355	+0.533%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4354	+0.497%	$391K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4351	+0.442%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0128%	1h	0.4353	+0.482%	$358	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4350	+0.416%	$218K	$762K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4346	+0.325%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4349	+0.392%	$3.1M	$3.2M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0440%	1h	0.4351	+0.439%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0571% / S −0.0202%	1h	0.4349	+0.402%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4354	+0.507%	$2K	—	20x	as long as short