Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h 0.000%

Price spread now: edgeX against Paradex+0.172%52s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on edgeX

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 · edgeX: 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: edgeX is 0.172% dearer against Paradex than usual: you sell high and buy low, +$17 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	Paradex ONDO-USD-PERP	0.4417	0.0106	pay 0.0106% / 8h	5h 25m	$6K	—	10x
Short	edgeX ONDOUSDC	0.4424	0.0100	get 0.0050% / 4h	1h 25m	$5K	$315K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Paradex. 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 ParadexbpFee edgeXbpOrdersPrice spread, now +0.172%Rate

Funding earned: −$1.16
Price spread: +0.172% → 0.000%: $17.18
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $3.02
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 37 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell edgeX live order book, 37 min ago	4.54 bp	9.0 bp −$9	15.6 bp −$156	doesn't fit	doesn't fit

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
dYdX ONDO-USD	+0.0001%	1h	0.4415	−0.033%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4419	+0.045%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.428%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4421	+0.100%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4419	+0.055%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4421	+0.100%	$374K	$836K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4422	+0.123%	$64.1M	$225.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4421	+0.100%	$70.0M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4423	+0.145%	$17.1M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4415	−0.043%	$72K	$87K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4420	+0.087%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4421	+0.100%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4422	+0.123%	$46.9M	$41.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4421	+0.100%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4422	+0.123%	$25.2M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4421	+0.100%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4418	+0.023%	$716K	$1.8M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4424	+0.172%	$5K	$315K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4418	+0.031%	$414K	$992K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4427	+0.236%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4424	+0.168%	$70K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4423	+0.145%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4421	+0.100%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4430	+0.304%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4423	+0.145%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4421	+0.107%	$398K	$790K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4422	+0.134%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERPlong	+0.0106%	8h	0.4417	long leg	$6K	—	10x
Aster ONDOUSDT	+0.0159%	4h	0.4424	+0.172%	$713K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0179%	1h	0.4425	+0.193%	$38.4M	$24.5M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0205%	1h	0.4424	+0.170%	$192K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4433	+0.372%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4412	−0.104%	$3.1M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4424	+0.168%	$364	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4421	+0.100%	$284K	$706K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0429%	1h	0.4421	+0.100%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0553% / S −0.0190%	1h	0.4418	+0.040%	$488K	—	100x	as long as short
Lighter ONDO	+0.0840%	1h	0.4429	+0.277%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4422	+0.120%	$2K	—	20x	as long as short