Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: Orderly against RISEx−0.011%7-day average — · you buy dearer than you sell

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

Long on RISEx Short on Orderly

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ONDO/USDC	0.4307	0.0100	pay 0.0013% / 1h	32m 01s	—	—	5x
Short	Orderly PERP_ONDO_USDC	0.4307	0.0100	get 0.0050% / 4h	1h 32m	$23K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → 0.000%: −$1.08
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$13.08
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: no order-book sample; Orderly: 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 RISEx no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

RISEx and Orderly: 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	−0.0147%	1h	0.4307	−0.010%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4307	−0.011%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0005%	1h	0.4313	+0.132%	$242K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.048%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4312	+0.101%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4306	−0.034%	$345K	$899K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4311	+0.074%	$772K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4309	+0.040%	$62.4M	$236.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4308	+0.012%	$67.4M	$124.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4309	+0.036%	$17.1M	$72.5M	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	0.4318	+0.238%	$71K	$82K	10x	as long as short
RISEx ONDO/USDClong	+0.0100%	1h	0.4307	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4307	−0.011%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4307	−0.011%	$42.7M	$42.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4307	−0.011%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4308	+0.012%	$24.7M	$39.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4308	+0.012%	—	$773K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4308	+0.017%	$171K	$996K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4310	+0.053%	$640K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4321	+0.307%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4316	+0.205%	$406K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4321	+0.314%	$132K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4310	+0.052%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDCshort	+0.0100%	4h	0.4307	−0.011%	$23K	$6K	10x
SunX ONDO-USDT	+0.0100%	4h	0.4316	+0.198%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4309	+0.036%	$448	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4316	+0.198%	$128K	$403K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4310	+0.059%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4308	+0.015%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4308	+0.012%	$391K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4310	+0.059%	$37K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0105%	1h	0.4310	+0.070%	$36.1M	$27.2M	10x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4311	+0.084%	$355	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0214%	1h	0.4309	+0.036%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4327	+0.454%	$214K	$726K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4316	+0.201%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4321	+0.314%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4307	−0.012%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4308	+0.007%	$2K	—	20x	as long as short