Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h —

Price spread now: 01 Exchange against RISEx+0.160%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 01 Exchange

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 01 Exchange is 0.160% dearer against RISEx than usual: you sell high and buy low: +$16 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	0.4624	0.0100	pay 0.0013% / 1h	34m 53s	—	—	5x
Short	01 Exchange ONDOUSD	0.4631	0.0256	get 0.0032% / 1h	34m 53s	$381	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.160%Rate

Funding earned: $32.76
Price spread: +0.160% → 0.000%: $16.02
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $35.78
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: RISEx: 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 RISEx no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

RISEx 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	−0.0862%	1h	0.4632	+0.176%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4625	+0.034%	$262K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4627	+0.072%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−1.207%	$888	$216K	5.5x	as long as short
Gate ONDO_USDT	+0.0094%	4h	0.4632	+0.177%	$12.1M	$16.6M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4628	+0.091%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4627	+0.069%	$434K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4636	+0.269%	$732K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4634	+0.221%	$69.4M	$225.3M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4637	+0.286%	$75.2M	$120.3M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4638	+0.307%	$17.8M	$80.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4622	−0.041%	$76K	$90K	10x	as long as short
RISEx ONDO/USDClong	+0.0100%	1h	0.4624	long leg	—	—	5x
MEXC ONDO_USDT	+0.0100%	4h	0.4638	+0.307%	$50.3M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4635	+0.242%	$14.3M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4639	+0.329%	$26.3M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4632	+0.177%	—	$743K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4632	+0.182%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4615	−0.195%	$820K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4577	−1.015%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4573	−1.091%	$423K	$959K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4606	−0.385%	$174K	$338K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4631	+0.160%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4632	+0.177%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4632	+0.177%	$481	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4635	+0.242%	$136K	$497K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4631	+0.156%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4628	+0.089%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4637	+0.287%	$412K	$836K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4634	+0.211%	$40K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0236%	1h	0.4645	+0.454%	$41.3M	$25.5M	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4578	−0.988%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSDshort	+0.0256%	1h	0.4631	+0.160%	$381	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4627	+0.069%	$300K	$828K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4632	+0.177%	$3.3M	$2.9M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0398%	1h	0.4630	+0.134%	$34K	$363K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0594% / S −0.0188%	1h	0.4628	+0.080%	$552K	—	100x	as long as short
Lighter ONDO	+0.0600%	1h	0.4642	+0.387%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4627	+0.064%	$2K	—	20x	as long as short