Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h 0.000%

Price spread now: HTX against Paradex+0.434%7-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 HTX

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.434% dearer against Paradex than usual: you sell high and buy low, +$43 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	Paradex ONDO-USD-PERP	0.4407	0.0103	pay 0.0103% / 8h	6h 36m	$6K	—	10x
Short	HTX ONDO-USDT	0.4426	0.0100	get 0.0050% / 4h	2h 36m	$129K	$515K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.434%Rate

Funding earned: −$0.61
Price spread: +0.434% → 0.000%: $43.4
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: $26.79
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 32 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 HTX live order book, 32 min ago	35.74 bp	43.4 bp −$43	doesn't fit	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
Kraken Futures PF_ONDOUSD	−0.0362%	1h	0.4412	+0.125%	$2.6M	$8.1M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4401	−0.127%	$249K	$130K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4415	+0.181%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.656%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4415	+0.184%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4414	+0.162%	$396K	$855K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4417	+0.230%	$688K	$2.2M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4416	+0.207%	$64.3M	$232.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4415	+0.184%	$70.2M	$125.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4417	+0.230%	$17.1M	$76.2M	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.P	+0.0100%	1h	0.4401	−0.138%	$71K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4408	+0.027%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4415	+0.184%	$11.6M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4415	+0.184%	$43.5M	$42.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4414	+0.162%	$13.2M	$11.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4416	+0.207%	$25.0M	$40.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4416	+0.207%	—	$22.4M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4411	+0.087%	$198K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4418	+0.248%	$779K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4403	−0.082%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4401	−0.128%	$406K	$962K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4404	−0.065%	$135K	$371K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4418	+0.246%	$93K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4418	+0.252%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4415	+0.184%	$459	$14K	10x	as long as short
HTX ONDO-USDTshort	+0.0100%	4h	0.4426	+0.434%	$129K	$515K	50x
Paradex ONDO-USD-PERPlong	+0.0103%	8h	0.4407	long leg	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4415	+0.188%	$398K	$822K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4415	+0.184%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0203%	1h	0.4416	+0.207%	$23K	$349K	25x	as long as short
Hyperliquid ONDO	+0.0241%	1h	0.4419	+0.273%	$39.0M	$25.4M	10x	as long as short
01 Exchange ONDOUSD	+0.0328%	1h	0.4413	+0.146%	$363	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4414	+0.162%	$283K	$790K	50x	as long as short
Phoenix ONDO	+0.0338%	1h	0.4425	+0.420%	$35K	$231K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4471	+1.455%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0551% / S −0.0190%	1h	0.4415	+0.183%	$487K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4421	+0.327%	$1.4M	$2.1M	10x	as long as short
Phemex ONDOUSDT	+0.0826%	4h	0.4412	+0.116%	$4.2M	$7.3M	50x	as long as short
Reya ONDORUSDPERP	+0.1147%	1h	0.4416	+0.213%	$2K	—	20x	as long as short