Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h —

Price spread now: Nado against RISEx+0.067%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 Nado

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 airdropNado: 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: Nado is 0.067% dearer against RISEx than usual: you sell high and buy low, +$7 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	RISEx ONDO/USDC	0.4600	0.0100	pay 0.0013% / 1h	18m 05s	—	—	5x
Short	Nado ONDO-PERP	0.4603	0.0100	get 0.0012% / 1h	18m 05s	$434K	$703K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → 0.000%: $6.71
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$6.29
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: RISEx: no order-book sample; Nado: live order book, 65 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 Nado live order book, 65 min ago	0.66 bp	7.4 bp −$7	23.3 bp −$233	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	−0.0350%	1h	0.4598	−0.047%	$2.8M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4599	−0.022%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4598	−0.042%	$25K	$8K	10x	as long as short
Nado ONDO-PERPshort	+0.0100%	1h	0.4603	+0.067%	$434K	$703K	10x
Aster ONDOUSDT	+0.0100%	4h	0.4601	+0.017%	$738K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4599	−0.024%	$68.0M	$226.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4603	+0.067%	$75.8M	$121.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4602	+0.045%	$17.9M	$82.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4619	+0.424%	$75K	$88K	10x	as long as short
RISEx ONDO/USDClong	+0.0100%	1h	0.4600	long leg	—	—	5x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4594	−0.129%	$12.0M	$18.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4596	−0.085%	$49.6M	$44.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4600	+0.002%	$13.9M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4592	−0.172%	$26.1M	$41.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4593	−0.150%	—	$22.6M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4604	+0.087%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4605	+0.112%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4605	+0.100%	$425K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	+0.154%	$165K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4604	+0.087%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4599	−0.020%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4601	+0.024%	$478	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4612	+0.263%	$134K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4595	−0.107%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4606	+0.123%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4601	+0.015%	$411K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4601	+0.034%	$45K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0131%	1h	0.4597	−0.061%	$235K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4608	+0.187%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.694%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0185%	1h	0.4601	+0.024%	$42K	$422K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4603	+0.067%	$302K	$876K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4612	+0.263%	$3.2M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0416%	1h	0.4604	+0.080%	$379	$2K	10x	as long as short
Hyperliquid ONDO	+0.0423%	1h	0.4600	+0.006%	$41.3M	$26.5M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0187%	1h	0.4599	−0.021%	$548K	—	100x	as long as short
Lighter ONDO	+0.0712%	1h	0.4605	+0.113%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4600	−0.006%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4165%	1h	0.4605	+0.119%	$261K	$129K	5x	as long as short