Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against edgeX−0.034%52s7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · Paradex: 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 0.034% cheaper against edgeX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ONDOUSDC	0.4302	0.0100	pay 0.0050% / 4h	1h 02m	$5K	$317K	20x
Short	Paradex ONDO-USD-PERP	0.4301	0.0100	get 0.0100% / 8h	5h 02m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → 0.000%: −$3.4
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.39
Costs to cover: 0.130%
Break-even: 22980.7 days

Slippage unknown: edgeX: live order book, 44 min ago; 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 edgeX live order book, 44 min ago	4.65 bp	9.4 bp −$9	16.5 bp −$165	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 exchanges

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	−0.0326%	1h	0.4305	+0.057%	$2.5M	$6.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4302	−0.011%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4303	+0.003%	$7K	—	150x	as long as short
Bybit ONDOUSDT	+0.0031%	4h	0.4301	−0.034%	$66.6M	$113.1M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.172%	$888	$215K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0064%	1h	0.4304	+0.034%	$354	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4306	+0.094%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4302	−0.011%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4301	−0.022%	$332K	$816K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4306	+0.075%	$36.3M	$26.3M	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ONDOUSDT	+0.0100%	4h	0.4305	+0.059%	$761K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4303	+0.013%	$62.2M	$213.6M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4302	−0.011%	$17.2M	$65.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4306	+0.082%	$69K	$67K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4302	−0.002%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4303	+0.013%	$14.0M	$13.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4302	−0.011%	$44.0M	$41.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4303	+0.013%	$13.0M	$9.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4303	+0.013%	$24.9M	$31.4M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4301	−0.034%	—	$781K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4303	+0.008%	$180K	$976K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4306	+0.091%	$616K	$1.9M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4302	long leg	$5K	$317K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4302	−0.001%	$405K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4302	−0.011%	$86K	$350K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4304	+0.036%	$55K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4302	−0.011%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4302	−0.011%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4317	+0.338%	$106K	$444K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4304	+0.036%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4301	−0.034%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4301	−0.032%	$348K	$761K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4303	+0.001%	$37K	$13K	3x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0166% / S +0.0191%	1h	0.4308	+0.130%	$328K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4308	+0.131%	$35K	$208K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4305	+0.059%	$212K	$558K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4301	−0.034%	$3.2M	$2.8M	75x	as long as short
Reya ONDORUSDPERP	+0.1168%	1h	0.4301	−0.027%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3804%	1h	0.4304	+0.033%	$246K	$160K	5x	as long as short