Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Paradex+0.028%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Binance

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 airdropParadex: 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: Binance is 0.028% dearer against Paradex than usual: you sell high and buy low, +$3 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	Paradex ONDO-USD-PERP	0.4340	0.0100	pay 0.0100% / 8h	2h 20m	$6K	—	10x
Short	Binance ONDOUSDT	0.4341	0.0100	get 0.0050% / 4h	2h 20m	$62.5M	$236.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paradex. 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 ParadexbpFee BinancebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$0.02
Price spread: +0.028% → 0.000%: $2.76
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.26
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 8 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	1.16 bp	7.3 bp −$7	14.1 bp −$141	44.0 bp −$4,401	333.9 bp −$166.9K

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	−0.0242%	1h	0.4318	−0.517%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4338	−0.056%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0013%	1h	0.4333	−0.173%	$243K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.246%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4340	−0.007%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4337	−0.082%	$349K	$882K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4341	+0.025%	$36.2M	$26.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4341	+0.022%	$776K	$2.7M	20x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4341	+0.028%	$62.5M	$236.9M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4338	−0.053%	$67.7M	$126.0M	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	0.4340	−0.007%	$17.3M	$73.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4335	−0.120%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4338	−0.058%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4338	−0.053%	$12.2M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4341	+0.016%	$43.3M	$42.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4338	−0.053%	$12.0M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4340	−0.007%	$24.9M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4339	−0.030%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4321	−0.442%	$177K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4320	−0.473%	$631K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4307	−0.767%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4313	−0.631%	$398K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4306	−0.790%	$132K	$356K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4339	−0.028%	$65K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4339	−0.030%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4327	−0.306%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4322	−0.421%	$449	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4333	−0.168%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4323	−0.398%	$4.1M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0100%	8h	0.4340	long leg	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4339	−0.041%	$389K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4322	−0.421%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0112%	1h	0.4340	−0.016%	$357	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4323	−0.398%	$217K	$757K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4311	−0.684%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4321	−0.445%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0445%	1h	0.4321	−0.445%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0571% / S −0.0202%	1h	0.4338	−0.064%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4339	−0.036%	$2K	—	20x	as long as short