Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h —

Price spread now: Coinbase International against RISEx+0.248%7-day average — · you sell dearer than you buy

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

Long on RISEx Short on Coinbase International

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—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.248% dearer against RISEx than usual: you sell high and buy low: +$25 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	RISEx ONDO/USDC	0.4580	0.0100	pay 0.0013% / 1h	6m 22s	—	—	5x
Short	Coinbase International ONDO-PERP-INTX	0.4591	0.0280	get 0.0035% / 1h	6m 22s	$300K	$816K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against RISEx. 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 RISExbpFee Coinbase InternationalbpOrdersPrice spread, now +0.248%Rate

Funding earned: $37.8
Price spread: +0.248% → 0.000%: $24.78
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $46.58
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: RISEx: no order-book sample; Coinbase International: live order book, 2 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 RISEx no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	6.53 bp	22.1 bp −$22	67.4 bp −$674	doesn't fit	doesn't fit

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	−0.0869%	1h	0.4594	+0.315%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4585	+0.110%	$259K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4577	−0.058%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.254%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4577	−0.058%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4579	−0.020%	$429K	$705K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4580	+0.008%	$68.6M	$221.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4577	−0.058%	$73.8M	$119.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4578	−0.036%	$17.5M	$77.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4593	+0.289%	$73K	$91K	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/USDClong	+0.0100%	1h	0.4580	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4577	−0.058%	$12.0M	$16.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4579	−0.014%	$49.1M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4581	+0.029%	$14.2M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4579	−0.014%	$26.0M	$38.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4579	−0.014%	—	$743K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4599	+0.417%	$817K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4603	+0.520%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4601	+0.472%	$425K	$967K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4604	+0.532%	$172K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4581	+0.032%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4594	+0.313%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4594	+0.313%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4600	+0.444%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4595	+0.335%	$4.5M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4582	+0.044%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4582	+0.043%	$417K	$823K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4582	+0.056%	$40K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0107%	4h	0.4585	+0.117%	$722K	$2.1M	20x	as long as short
Backpack ONDO_USDC_PERP	+0.0114%	1h	0.4595	+0.335%	$231K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4601	+0.455%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4582	+0.058%	$377	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTXshort	+0.0280%	1h	0.4591	+0.248%	$300K	$816K	50x
BloFin ONDO-USDT	+0.0340%	4h	0.4598	+0.401%	$3.3M	$3.0M	75x	as long as short
Hyperliquid ONDO	+0.0378%	1h	0.4585	+0.112%	$40.8M	$24.8M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0403%	1h	0.4594	+0.313%	$34K	$340K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0188%	1h	0.4576	−0.070%	$546K	—	100x	as long as short
Lighter ONDO	+0.0688%	1h	0.4596	+0.350%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4579	−0.023%	$2K	—	20x	as long as short