Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.001%

Price spread now: Paradex against Aevo−0.383%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.383% cheaper against Aevo than usual: you would sell low and buy high, −$38 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	Aevo ONDO-PERP	0.4527	0.0104	pay 0.0013% / 1h	1m 26s	$39K	$13K	3x
Short	Paradex ONDO-USD-PERP	0.4510	0.0101	get 0.0101% / 8h	7h 01m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now −0.383%Rate

Funding earned: −$0.56
Price spread: −0.383% → 0.000%: −$38.26
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$58.82
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aevo: 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 Aevo no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Aevo 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	−0.0883%	1h	0.4524	−0.084%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4514	−0.294%	$255K	$131K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4526	−0.033%	$33K	$339K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4504	−0.520%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+0.895%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4503	−0.541%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4508	−0.436%	$423K	$731K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4510	−0.387%	$710K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4506	−0.475%	$67.0M	$223.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4504	−0.519%	$72.3M	$119.7M	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	0.4504	−0.519%	$17.2M	$76.4M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4508	−0.428%	$72K	$91K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4507	−0.457%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4503	−0.541%	$11.8M	$16.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4503	−0.541%	$47.3M	$42.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4504	−0.519%	$13.8M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4507	−0.453%	$25.5M	$38.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4506	−0.475%	—	$22.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4520	−0.163%	$227K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4576	+1.064%	$812K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4550	+0.497%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4579	+1.137%	$423K	$955K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4543	+0.342%	$169K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4509	−0.404%	$91K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4523	−0.099%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4522	−0.121%	$470	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4532	+0.099%	$133K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4526	−0.033%	$4.4M	$7.1M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0101%	8h	0.4510	−0.383%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4507	−0.455%	$410K	$823K	25x	as long as short
Aevo ONDO-PERPlong	+0.0104%	1h	0.4527	long leg	$39K	$13K	3x
Phoenix ONDO	+0.0244%	1h	0.4541	+0.289%	$37K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0280%	1h	0.4511	−0.367%	$371	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4530	+0.055%	$296K	$805K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4540	+0.276%	$3.3M	$2.9M	75x	as long as short
Hyperliquid ONDO	+0.0368%	1h	0.4511	−0.369%	$40.1M	$24.9M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0584% / S −0.0187%	1h	0.4503	−0.531%	$537K	—	100x	as long as short
Lighter ONDO	+0.0712%	1h	0.4523	−0.102%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4507	−0.448%	$2K	—	20x	as long as short