Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0001%/8h= −0.2% APRpaid last 24h 0.000%

Price spread now: Bitget against Paradex+0.113%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 Bitget

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: Bitget is 0.113% dearer against Paradex than usual: you sell high and buy low, +$11 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	0.4613	0.0101	pay 0.0101% / 8h	7h 16m	$7K	—	10x
Short	Bitget ONDOUSDT	0.4618	0.0100	get 0.0050% / 4h	3h 16m	$26.2M	$38.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$0.3
Price spread: +0.113% → 0.000%: $11.3
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.18 bp	12.3 bp −$12	20.3 bp −$203	79.2 bp −$7,923	doesn't fit

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	−0.0864%	1h	0.4621	+0.177%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4603	−0.205%	$260K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4610	−0.059%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.971%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4615	+0.048%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4611	−0.033%	$432K	$706K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4616	+0.069%	$736K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4622	+0.200%	$69.3M	$221.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4619	+0.135%	$74.4M	$119.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4618	+0.113%	$17.7M	$78.4M	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.P	+0.0100%	1h	0.4593	−0.420%	$73K	$91K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4609	−0.092%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4619	+0.135%	$12.1M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4620	+0.156%	$49.9M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4620	+0.156%	$14.3M	$10.8M	50x	as long as short
Bitget ONDOUSDTshort	+0.0100%	4h	0.4618	+0.113%	$26.2M	$38.8M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4620	+0.156%	—	$22.1M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4608	−0.108%	$818K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4606	−0.154%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4603	−0.212%	$432K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4604	−0.191%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4612	−0.013%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4614	+0.026%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4621	+0.178%	$480	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4631	+0.395%	$136K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4620	+0.156%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0101%	8h	0.4613	long leg	$7K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4617	+0.086%	$419K	$826K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4620	+0.146%	$40K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0107%	1h	0.4622	+0.202%	$232K	$999K	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4588	−0.533%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4618	+0.119%	$380	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4617	+0.091%	$299K	$819K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4602	−0.234%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0348%	1h	0.4625	+0.271%	$41.1M	$25.1M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0400%	1h	0.4618	+0.113%	$34K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0593% / S −0.0188%	1h	0.4611	−0.044%	$550K	—	100x	as long as short
Lighter ONDO	+0.0640%	1h	0.4629	+0.345%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4609	−0.093%	$2K	—	20x	as long as short