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 0.000%

Price spread now: Ondo Perps against SoDEX−0.635%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: 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: Ondo Perps is 0.635% cheaper against SoDEX than usual: you would sell low and buy high, −$63 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	SoDEX ONDO-USD	0.4617	0.0100	pay 0.0013% / 1h	20m 17s	$480	$14K	10x
Short	Ondo Perps ONDO-USD.P	0.4588	0.0100	get 0.0013% / 1h	20m 17s	$75K	$88K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SoDEX. 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 SoDEXbpFee Ondo PerpsbpOrdersPrice spread, now −0.635%Rate

Funding earned: $0
Price spread: −0.635% → 0.000%: −$63.46
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$76.46
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Ondo Perps: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

SoDEX and Ondo Perps: 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	−0.0348%	1h	0.4613	−0.090%	$2.8M	$7.8M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4614	−0.065%	$43K	$421K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4615	−0.041%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4614	−0.065%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4616	−0.016%	$436K	$703K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4616	−0.032%	$738K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4618	+0.017%	$68.4M	$226.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4616	−0.022%	$75.9M	$121.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4616	−0.022%	$18.0M	$82.4M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4588	−0.635%	$75K	$88K	10x

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4616	−0.030%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4615	−0.043%	$12.1M	$18.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4617	0.000%	$49.8M	$44.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4616	−0.022%	$14.0M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4616	−0.022%	$26.2M	$41.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4617	0.000%	—	$743K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4604	−0.283%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4578	−0.850%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4578	−0.850%	$429K	$938K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4578	−0.845%	$164K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4618	+0.019%	$72K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4616	−0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDlong	+0.0100%	1h	0.4617	long leg	$480	$14K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4639	+0.476%	$135K	$511K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4613	−0.087%	$4.8M	$6.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4613	−0.093%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4615	−0.041%	$411K	$857K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4617	0.000%	$45K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0117%	1h	0.4605	−0.271%	$237K	$1.0M	15x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4608	−0.184%	$29K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−1.061%	$888	$216K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4606	−0.238%	$301K	$875K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4602	−0.325%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0416%	1h	0.4621	+0.091%	$380	$2K	10x	as long as short
Hyperliquid ONDO	+0.0420%	1h	0.4621	+0.091%	$41.4M	$26.4M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0590% / S −0.0187%	1h	0.4616	−0.026%	$550K	—	100x	as long as short
Lighter ONDO	+0.0704%	1h	0.4626	+0.188%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1141%	1h	0.4617	−0.008%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3923%	1h	0.4607	−0.208%	$261K	$129K	5x	as long as short