Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Paradex against MEXC−0.017%46s7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 5 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4361	0.0100	pay 0.0050% / 4h	3h 07m	$49.1M	$33.0M	200x
Short	Paradex ONDO-USD-PERP	0.4360	0.0100	get 0.0100% / 8h	3h 07m	$8K	$790	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against MEXC. 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 MEXCbpFee ParadexbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$0.02
Price spread: −0.017% → 0.000%: −$1.74
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.76
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.15 bp	1.1 bp −$1	4.0 bp −$40	16.8 bp −$1,676	113.0 bp −$56.5K
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
Coinbase International ONDO-PERP-INTX	−0.0064%	1h	0.4374	+0.298%	$221K	$343K	50x	as long as short
Bybit ONDOUSDT	−0.0048%	4h	0.4358	−0.069%	$67.8M	$93.1M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0010%	1h	0.4358	−0.062%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4353	−0.183%	$846	$167K	5.5x	as long as short
Variational Omni ONDO	+0.0043%	4h	0.4353	−0.186%	$828K	$1.6M	—	as long as short
01 Exchange ONDOUSD	+0.0072%	1h	0.4361	−0.002%	$2K	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4359	−0.053%	$787K	$1.5M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4357	−0.092%	$23K	$3K	10x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4360	−0.017%	$8K	$790	10x
Nado ONDO-PERP	+0.0100%	1h	0.4358	−0.075%	$323K	$553K	10x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ONDO	+0.0100%	1h	0.4364	+0.062%	$37.5M	$22.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4361	+0.003%	$718K	$2.4M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4361	0.000%	$62.9M	$179.7M	75x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4359	−0.046%	$16.3M	$58.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4356	−0.110%	$80K	$52K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4360	−0.014%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4360	−0.023%	$17.4M	$10.8M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4361	long leg	$49.1M	$33.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4360	−0.023%	$13.4M	$6.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4362	+0.023%	$25.8M	$24.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4359	−0.046%	—	$16.0M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4360	−0.034%	$134K	$409K	15x	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4360	−0.032%	$6K	$369K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4358	−0.069%	$413K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4359	−0.046%	$75K	$246K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4359	−0.050%	$58K	$858K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4357	−0.092%	—	$987K	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4358	−0.069%	$5K	$21K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4372	+0.252%	$108K	$330K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4359	−0.046%	$3.8M	$8.0M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4361	−0.001%	$343K	$244K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4359	−0.037%	$38K	$13K	3x	as long as short
Kraken Futures PF_ONDOUSD	+0.0156%	1h	0.4361	−0.001%	$2.6M	$4.3M	50x	as long as short
Phoenix ONDO	+0.0165%	1h	0.4363	+0.050%	$33K	$123K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0209%	1h	0.4360	−0.023%	$27K	$197K	25x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4357	−0.092%	$3.1M	$3.3M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0407% / S −0.0203%	1h	0.4358	−0.067%	$300K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1189%	1h	0.4358	−0.062%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3144%	1h	0.4361	−0.009%	$250K	$76K	5x	as long as short