Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: RISEx against Ondo Perps−0.061%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps 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—+ Points / potential airdropOndo Perps: 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: RISEx is 0.061% cheaper against Ondo Perps than usual: you would sell low and buy high, −$6 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	0.4337	0.0100	pay 0.0013% / 1h	35m 31s	$71K	$79K	10x
Short	RISEx ONDO/USDC	0.4335	0.0100	get 0.0013% / 1h	35m 31s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → 0.000%: −$6.07
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$17.07
Costs to cover: 0.110%
Break-even: never at this rate

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

Ondo Perps and 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	−0.0176%	1h	0.4334	−0.073%	$2.5M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4335	−0.051%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4333	−0.094%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.321%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4336	−0.021%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	−0.085%	$345K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4337	−0.005%	$760K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4335	−0.061%	$63.3M	$233.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4332	−0.120%	$68.2M	$121.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4334	−0.074%	$17.3M	$71.6M	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.Plong	+0.0100%	1h	0.4337	long leg	$71K	$79K	10x
RISEx ONDO/USDCshort	+0.0100%	1h	0.4335	−0.061%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4333	−0.097%	$13.3M	$15.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4333	−0.097%	$44.4M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4334	−0.074%	$12.2M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4334	−0.074%	$24.9M	$36.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4333	−0.097%	—	$780K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4335	−0.044%	$179K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4332	−0.125%	$681K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4332	−0.128%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	−0.120%	$405K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4340	+0.065%	$134K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4334	−0.074%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4332	−0.120%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4332	−0.120%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4335	−0.051%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4339	+0.042%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4336	−0.028%	$4.2M	$9.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4331	−0.150%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4334	−0.066%	$362K	$821K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4336	−0.028%	$38K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4340	+0.065%	$214K	$720K	50x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4340	+0.067%	$35K	$218K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4337	−0.007%	$357	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4341	+0.088%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0582% / S −0.0208%	1h	0.4332	−0.122%	$501K	—	100x	as long as short
Hyperliquid ONDO	+0.0606%	1h	0.4338	+0.018%	$36.5M	$27.5M	10x	as long as short
Reya ONDORUSDPERP	+0.1162%	1h	0.4335	−0.045%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2948%	1h	0.4333	−0.092%	$243K	$155K	5x	as long as short