Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: RISEx against OKX+0.008%7-day average — · you sell dearer than you buy

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

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ONDO-USDT-SWAP	0.4301	0.0100	pay 0.0050% / 4h	58m 59s	$17.2M	$65.8M	50x
Short	RISEx ONDO/USDC	0.4301	0.0100	get 0.0013% / 1h	58m 59s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → 0.000%: $0.84
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$15.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; RISEx: 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 OKX live order book, 3 min ago	1.16 bp	8.0 bp −$8	15.1 bp −$151	247.2 bp −$24.7K	doesn't fit
Sell RISEx no order-book sample	—	—	—	—	—

RISEx: 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	−0.0259%	1h	0.4303	+0.054%	$2.5M	$6.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4303	+0.047%	$21K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4302	+0.035%	$7K	—	150x	as long as short
Bybit ONDOUSDT	+0.0028%	4h	0.4299	−0.047%	$66.6M	$112.9M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.208%	$888	$214K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4308	+0.167%	$1.1M	$2.1M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4301	0.000%	$23K	$7K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4300	−0.012%	$330K	$817K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4304	+0.070%	$36.3M	$26.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4304	+0.066%	$761K	$2.8M	20x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ONDOUSDT	+0.0100%	4h	0.4302	+0.018%	$62.1M	$213.5M	75x	as long as short
OKX ONDO-USDT-SWAPlong	+0.0100%	4h	0.4301	long leg	$17.2M	$65.8M	50x
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4296	−0.114%	$69K	$67K	10x	as long as short
RISEx ONDO/USDCshort	+0.0100%	1h	0.4301	+0.008%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4302	+0.023%	$14.0M	$12.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4303	+0.047%	$44.0M	$39.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4303	+0.047%	$13.0M	$9.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4301	0.000%	$24.9M	$31.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4302	+0.023%	—	$783K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4303	+0.047%	$180K	$976K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4300	−0.015%	$616K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4302	+0.018%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4303	+0.040%	$396K	$2.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4301	0.000%	$85K	$350K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4304	+0.060%	$53K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4301	0.000%	—	$1.2M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4304	+0.070%	$447	$17K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4312	+0.256%	$106K	$442K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4303	+0.047%	$4.1M	$8.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4301	+0.006%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4300	−0.023%	$348K	$760K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4304	+0.070%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0120%	1h	0.4304	+0.074%	$354	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0163% / S +0.0193%	1h	0.4302	+0.029%	$328K	—	100x	as long as short
Phoenix ONDO	+0.0221%	1h	0.4305	+0.100%	$35K	$196K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0240%	1h	0.4305	+0.093%	$212K	$553K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4302	+0.023%	$3.2M	$2.8M	75x	as long as short
Reya ONDORUSDPERP	+0.1168%	1h	0.4302	+0.018%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3820%	1h	0.4300	−0.026%	$246K	$159K	5x	as long as short