Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h —

Price spread now: Paradex against RISEx−0.049%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 Paradex

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: Paradex is 0.049% cheaper against RISEx than usual: you would sell low and buy high, −$5 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	0.4385	0.0100	pay 0.0013% / 1h	19m 26s	—	—	5x
Short	Paradex ONDO-USD-PERP	0.4383	0.0102	get 0.0102% / 8h	4h 19m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0.36
Price spread: −0.049% → 0.000%: −$4.89
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.53
Costs to cover: 0.100%
Break-even: 289.7 days

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

RISEx and Paradex: 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4383	−0.049%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4382	−0.055%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.180%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4387	+0.054%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4383	−0.040%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4385	+0.018%	$363K	$855K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4389	+0.102%	$37.7M	$24.7M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4385	+0.006%	$63.3M	$230.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4384	−0.017%	$67.7M	$126.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4385	+0.006%	$17.1M	$73.1M	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	0.4398	+0.293%	$72K	$85K	10x	as long as short
RISEx ONDO/USDClong	+0.0100%	1h	0.4385	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4384	−0.017%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4384	−0.017%	$44.3M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4383	−0.040%	$12.7M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4385	+0.006%	$25.1M	$39.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4385	+0.006%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4385	−0.005%	$189K	$978K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4384	−0.024%	$711K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4388	+0.077%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4390	+0.120%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4387	+0.052%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4384	−0.008%	$68K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4384	−0.017%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4385	+0.006%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4391	+0.143%	$127K	$430K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4382	−0.062%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0102%	8h	0.4383	−0.049%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4384	−0.026%	$395K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4386	+0.040%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0200%	1h	0.4386	+0.022%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0223%	4h	0.4385	+0.010%	$758K	$2.5M	20x	as long as short
dYdX ONDO-USD	+0.0295%	1h	0.4384	−0.013%	$248K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4404	+0.439%	$272K	$730K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4387	+0.052%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4390	+0.120%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4386	+0.029%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0607% / S −0.0219%	1h	0.4382	−0.063%	$521K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4384	−0.013%	$2K	—	20x	as long as short