Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= −0.1% APRpaid last 24h 0.000%

Price spread now: KuCoin against Paradex−0.012%47s7-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 KuCoin

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ONDO-USD-PERP	0.4538	0.0100	pay 0.0100% / 8h	23m 54s	$7K	$9	10x
Short	KuCoin ONDOUSDTM	0.4537	0.0100	get 0.0050% / 4h	23m 54s	$14.0M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$0.1
Price spread: −0.012% → 0.000%: −$1.23
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.33
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	1.10 bp	17.4 bp −$17	28.9 bp −$289	doesn't fit	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	−0.0804%	1h	0.4534	−0.068%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.671%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4534	−0.078%	$35K	$437K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4536	−0.043%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4535	−0.056%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4537	−0.001%	$436K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4538	+0.010%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4536	−0.034%	$67.9M	$227.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4536	−0.034%	$73.6M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4535	−0.056%	$17.5M	$80.2M	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	0.4531	−0.145%	$74K	$88K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4536	−0.032%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4532	−0.122%	$11.9M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4537	−0.012%	$48.5M	$43.6M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4537	−0.012%	$14.0M	$11.1M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4536	−0.034%	$25.6M	$41.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4536	−0.034%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4537	−0.001%	$227K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	+0.186%	$780K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4545	+0.165%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4551	+0.305%	$420K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4546	+0.186%	$172K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4538	+0.001%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4535	−0.056%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4535	−0.056%	$471	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4545	+0.164%	$133K	$506K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4538	+0.010%	$4.6M	$6.9M	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0100%	8h	0.4538	long leg	$7K	$9	10x
Extended ONDO-USD	+0.0104%	1h	0.4536	−0.044%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4537	−0.012%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0133%	1h	0.4540	+0.060%	$40.2M	$26.4M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4548	+0.235%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4545	+0.164%	$297K	$843K	50x	as long as short
01 Exchange ONDOUSD	+0.0336%	1h	0.4538	+0.021%	$374	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4547	+0.208%	$3.3M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4536	−0.043%	$541K	—	100x	as long as short
Lighter ONDO	+0.0744%	1h	0.4544	+0.138%	$1.4M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4535	−0.055%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3955%	1h	0.4544	+0.133%	$257K	$132K	5x	as long as short