Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: RISEx against Polymarket Perps+0.007%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps 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	Polymarket Perps ONDO-USD	0.4376	0.0100	pay 0.0013% / 1h	42m 28s	$66K	$1.4M	10x
Short	RISEx ONDO/USDC	0.4377	0.0100	get 0.0013% / 1h	42m 28s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Polymarket 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 Polymarket PerpsbpFee RISExbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → 0.000%: $0.72
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$13.28
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 1 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 Polymarket Perps live order book, 1 min ago	2.62 bp	8.8 bp −$9	9.1 bp −$91	doesn't fit	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 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	0.4385	+0.195%	$2.6M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4382	+0.144%	$248K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4385	+0.198%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.383%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4383	+0.146%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4386	+0.224%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4379	+0.064%	$362K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4377	+0.015%	$63.3M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4374	−0.050%	$67.9M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4377	+0.018%	$17.2M	$72.9M	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	0.4382	+0.135%	$72K	$84K	10x	as long as short
RISEx ONDO/USDCshort	+0.0100%	1h	0.4377	+0.007%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4376	−0.005%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4377	+0.018%	$43.7M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4379	+0.064%	$12.7M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4376	−0.005%	$25.1M	$40.0M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4376	−0.005%	—	$762K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4388	+0.272%	$185K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4386	+0.218%	$716K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4390	+0.326%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4391	+0.339%	$409K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4385	+0.201%	$135K	$353K	50x	as long as short
Polymarket Perps ONDO-USDlong	+0.0100%	1h	0.4376	long leg	$66K	$1.4M	10x
SunX ONDO-USDT	+0.0100%	4h	0.4387	+0.247%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4387	+0.247%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4395	+0.430%	$130K	$432K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4387	+0.247%	$4.3M	$7.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4374	−0.045%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4375	−0.038%	$395K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4388	+0.270%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4377	+0.021%	$360	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0206%	1h	0.4387	+0.247%	$18K	$367K	25x	as long as short
Aster ONDOUSDT	+0.0210%	4h	0.4382	+0.131%	$783K	$2.5M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4390	+0.315%	$260K	$739K	50x	as long as short
Hyperliquid ONDO	+0.0286%	1h	0.4381	+0.103%	$37.7M	$24.6M	10x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4391	+0.343%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4389	+0.292%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0556% / S −0.0193%	1h	0.4384	+0.187%	$488K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1153%	1h	0.4376	+0.006%	$2K	—	20x	as long as short