Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0238%/8h= +26.1% APRpaid last 24h +0.072%

Price spread now: BloFin against Paradex−0.005%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on BloFin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ONDO-USD-PERP	0.4541	0.0102	pay 0.0102% / 8h	1h 29m	$7K	$9	10x
Short	BloFin ONDO-USDT	0.4541	0.0340	get 0.0170% / 4h	1h 29m	$3.2M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.005%Rate

Funding earned: $50.07
Price spread: −0.005% → 0.000%: −$0.49
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $33.59
Costs to cover: 0.160%
Break-even: 2.3 days

Slippage unknown: Paradex: no order-book sample; BloFin: 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 BloFin live order book, 3 min ago	1.10 bp	11.5 bp −$11	14.0 bp −$140	40.4 bp −$4,041	114.7 bp −$57.4K

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	−0.0354%	1h	0.4544	+0.071%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4544	+0.067%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4546	+0.105%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4543	+0.039%	$429K	$699K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4548	+0.151%	$729K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4546	+0.116%	$67.2M	$225.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4548	+0.149%	$74.0M	$120.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4548	+0.149%	$17.7M	$81.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4538	−0.078%	$74K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4541	+0.005%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4543	+0.039%	$11.8M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4546	+0.105%	$47.8M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4545	+0.083%	$13.7M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4549	+0.171%	$25.7M	$41.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4546	+0.105%	—	$22.5M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4547	+0.127%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4539	−0.050%	$776K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4555	+0.311%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4561	+0.433%	$428K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4553	+0.259%	$161K	$334K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4542	+0.022%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4547	+0.127%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4547	+0.127%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4552	+0.237%	$132K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4545	+0.083%	$4.7M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0102%	8h	0.4541	long leg	$7K	$9	10x
Extended ONDO-USD	+0.0104%	1h	0.4546	+0.108%	$407K	$861K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4549	+0.181%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4569	+0.607%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	+0.590%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0190%	1h	0.4548	+0.149%	$26K	$396K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4564	+0.502%	$300K	$864K	50x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4541	−0.005%	$3.2M	$3.1M	75x
01 Exchange ONDOUSD	+0.0392%	1h	0.4547	+0.125%	$374	$2K	10x	as long as short
Hyperliquid ONDO	+0.0429%	1h	0.4552	+0.242%	$40.8M	$27.6M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0585% / S −0.0187%	1h	0.4544	+0.069%	$541K	—	100x	as long as short
Lighter ONDO	+0.0632%	1h	0.4555	+0.310%	$1.4M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4543	+0.037%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2552%	1h	0.4538	−0.064%	$257K	$129K	5x	as long as short