Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h 0.000%

Price spread now: Paradex against Ondo Perps+0.096%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps 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 airdropOndo Perps: 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 0.096% dearer against Ondo Perps than usual: you sell high and buy low, +$10 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	Ondo Perps ONDO-USD.P	0.4382	0.0100	pay 0.0013% / 1h	44m 05s	$72K	$84K	10x
Short	Paradex ONDO-USD-PERP	0.4386	0.0102	get 0.0102% / 8h	3h 44m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Ondo Perps. 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 Ondo PerpsbpFee ParadexbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0.36
Price spread: +0.096% → 0.000%: $9.6
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $0.96
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Ondo Perps 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	−0.0160%	1h	0.4386	+0.093%	$2.6M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4386	+0.095%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4386	+0.087%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.242%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4392	+0.224%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4387	+0.112%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4388	+0.135%	$362K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4389	+0.157%	$63.5M	$231.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4387	+0.112%	$68.1M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4388	+0.135%	$17.2M	$73.1M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.Plong	+0.0100%	1h	0.4382	long leg	$72K	$84K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4387	+0.107%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4387	+0.112%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4389	+0.157%	$44.0M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4388	+0.135%	$12.7M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4388	+0.135%	$25.2M	$40.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4388	+0.135%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4389	+0.160%	$185K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4386	+0.083%	$716K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4390	+0.191%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4390	+0.180%	$407K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4390	+0.180%	$135K	$353K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4388	+0.137%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4387	+0.112%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4388	+0.135%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4394	+0.272%	$130K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4388	+0.135%	$4.3M	$7.9M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0102%	8h	0.4386	+0.096%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4387	+0.113%	$395K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4389	+0.165%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4388	+0.139%	$361	$2K	10x	as long as short
Aster ONDOUSDT	+0.0211%	4h	0.4389	+0.157%	$784K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4390	+0.180%	$260K	$739K	50x	as long as short
Hyperliquid ONDO	+0.0305%	1h	0.4392	+0.237%	$37.8M	$24.6M	10x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4391	+0.208%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4389	+0.157%	$3.1M	$3.1M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4389	+0.157%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0557% / S −0.0193%	1h	0.4386	+0.100%	$488K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4388	+0.128%	$2K	—	20x	as long as short