Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0290%/8h= +31.8% APRpaid last 24h +0.059%

Price spread now: 01 Exchange against Paradex+0.168%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and 01 Exchange is 0.168% dearer against Paradex than usual: you sell high and buy low: +$17 more if the spread 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	0.0102	pay 0.0102% / 8h	1h 28m	$7K	$9	10x
Short	01 Exchange ONDOUSD	0.4558	0.0392	get 0.0049% / 1h	28m 56s	$375	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.168%Rate

Funding earned: $61
Price spread: +0.168% → 0.000%: $16.79
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $66.79
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 01 Exchange: 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	−0.0353%	1h	0.4557	+0.129%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4556	+0.121%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4555	+0.095%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4556	+0.117%	$430K	$699K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4557	+0.144%	$730K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4557	+0.139%	$67.3M	$225.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4554	+0.073%	$74.1M	$120.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4554	+0.073%	$17.7M	$81.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4538	−0.285%	$74K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4553	+0.050%	—	—	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	0.4555	+0.095%	$11.9M	$18.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4555	+0.095%	$47.9M	$44.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4554	+0.073%	$13.7M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4556	+0.117%	$25.8M	$41.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4554	+0.073%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4559	+0.175%	$230K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4539	−0.258%	$776K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4555	+0.103%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4540	−0.234%	$426K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4553	+0.051%	$161K	$334K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4558	+0.153%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4555	+0.095%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4558	+0.161%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4564	+0.293%	$133K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4555	+0.095%	$4.7M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0102%	8h	0.4551	long leg	$7K	$9	10x
Extended ONDO-USD	+0.0104%	1h	0.4554	+0.072%	$407K	$861K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4560	+0.205%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4555	+0.084%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	+0.381%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0189%	1h	0.4558	+0.161%	$26K	$396K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4564	+0.293%	$300K	$864K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4556	+0.117%	$3.3M	$3.1M	75x	as long as short
01 Exchange ONDOUSDshort	+0.0392%	1h	0.4558	+0.168%	$375	$2K	10x
Hyperliquid ONDO	+0.0428%	1h	0.4561	+0.224%	$40.8M	$27.6M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0187%	1h	0.4555	+0.104%	$543K	—	100x	as long as short
Lighter ONDO	+0.0632%	1h	0.4565	+0.313%	$1.4M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4557	+0.148%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2719%	1h	0.4547	−0.070%	$257K	$129K	5x	as long as short