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= 0.0% APRpaid last 24h —

Price spread now: RISEx against Paradex+0.097%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 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 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: RISEx is 0.097% dearer against Paradex than usual: you sell high and buy low, +$10 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	0.4551	0.0100	pay 0.0100% / 8h	22m 26s	$7K	$9	10x
Short	RISEx ONDO/USDC	0.4555	0.0100	get 0.0013% / 1h	22m 26s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$0.1
Price spread: +0.097% → 0.000%: $9.73
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$0.36
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell RISEx no order-book sample	—	—	—	—	—

Paradex 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	−0.0803%	1h	0.4543	−0.175%	$2.8M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.385%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4556	+0.111%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4556	+0.121%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4558	+0.165%	$438K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4557	+0.152%	$723K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4556	+0.119%	$68.2M	$227.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4556	+0.121%	$73.9M	$123.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4556	+0.121%	$17.6M	$80.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4527	−0.510%	$74K	$88K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDCshort	+0.0100%	1h	0.4555	+0.097%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4553	+0.055%	$12.0M	$18.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4550	−0.011%	$48.6M	$43.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4556	+0.121%	$14.1M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4556	+0.121%	$25.7M	$41.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4557	+0.143%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4546	−0.101%	$227K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4546	−0.099%	$780K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4541	−0.215%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4551	+0.019%	$420K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4539	−0.253%	$172K	$311K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4560	+0.207%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4537	−0.297%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4541	−0.209%	$472	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4547	−0.077%	$133K	$506K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4545	−0.121%	$4.6M	$6.9M	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0100%	8h	0.4551	long leg	$7K	$9	10x
Extended ONDO-USD	+0.0104%	1h	0.4553	+0.060%	$407K	$844K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4558	+0.158%	$44K	$8K	3x	as long as short
Hyperliquid ONDO	+0.0131%	1h	0.4560	+0.209%	$40.3M	$26.4M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0189%	1h	0.4558	+0.165%	$35K	$437K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4548	−0.051%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4541	−0.209%	$296K	$843K	50x	as long as short
01 Exchange ONDOUSD	+0.0320%	1h	0.4557	+0.154%	$375	$2K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4542	−0.187%	$3.3M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0587% / S −0.0188%	1h	0.4556	+0.124%	$544K	—	100x	as long as short
Lighter ONDO	+0.0752%	1h	0.4557	+0.147%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4556	+0.129%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3741%	1h	0.4544	−0.152%	$257K	$132K	5x	as long as short