Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.058%

Price spread now: Paradex against 01 Exchange−0.067%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Paradex

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 airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.067% cheaper against 01 Exchange than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4581	0.0256	pay 0.0032% / 1h	59m 08s	$377	$2K	10x
Short	Paradex ONDO-USD-PERP	0.4578	0.0100	get 0.0100% / 8h	7h 59m	$7K	$9	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$32.7
Price spread: −0.067% → 0.000%: −$6.72
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$50.42
Costs to cover: 0.110%
Break-even: never at this rate

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

01 Exchange 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
Kraken Futures PF_ONDOUSD	−0.0872%	1h	0.4578	−0.081%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4579	−0.052%	$33K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4577	−0.085%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.292%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4577	−0.096%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4578	−0.074%	$441K	$706K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4581	−0.009%	$40.5M	$26.3M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4581	−0.003%	$725K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4579	−0.061%	$68.5M	$226.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4575	−0.140%	$74.1M	$120.5M	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	0.4575	−0.140%	$17.7M	$80.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4586	+0.105%	$75K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4577	−0.094%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4575	−0.140%	$12.0M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4577	−0.096%	$49.1M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4578	−0.074%	$14.2M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4577	−0.096%	$25.9M	$40.2M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4577	−0.096%	—	$742K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4578	−0.074%	$231K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4574	−0.164%	$815K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4577	−0.105%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4581	−0.010%	$423K	$949K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4577	−0.096%	$174K	$311K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4581	−0.013%	$69K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4577	−0.096%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4579	−0.052%	$476	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4587	+0.122%	$134K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4579	−0.052%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4578	−0.067%	$7K	$9	10x
Extended ONDO-USD	+0.0104%	1h	0.4577	−0.088%	$409K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4581	−0.009%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4585	+0.076%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSDlong	+0.0256%	1h	0.4581	long leg	$377	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4581	−0.009%	$297K	$844K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4580	−0.031%	$3.3M	$3.3M	75x	as long as short
Lighter ONDO	+0.0416%	1h	0.4587	+0.111%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4577	−0.093%	$547K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1144%	1h	0.4577	−0.100%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2307%	1h	0.4581	−0.015%	$259K	$132K	5x	as long as short