Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: Binance against RISEx−0.010%7-day average — · you buy dearer than you sell

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

Long on RISEx Short on Binance

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	RISEx ONDO/USDC	0.4420	0.0100	pay 0.0013% / 1h	26m 21s	—	—	5x
Short	Binance ONDOUSDT	0.4420	0.0100	get 0.0050% / 4h	1h 26m	$64.1M	$225.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → 0.000%: −$0.95
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.95
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: RISEx: no order-book sample; Binance: live order book, 2 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 RISEx no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	1.13 bp	8.8 bp −$9	15.2 bp −$152	45.2 bp −$4,520	337.8 bp −$168.9K

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
dYdX ONDO-USD	+0.0001%	1h	0.4415	−0.120%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4419	−0.041%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.339%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4421	+0.013%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4419	−0.032%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4421	+0.013%	$374K	$836K	10x	as long as short
Binance ONDOUSDTshort	+0.0100%	4h	0.4420	−0.010%	$64.1M	$225.6M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4419	−0.032%	$69.9M	$122.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4420	−0.010%	$17.1M	$72.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4415	−0.129%	$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/USDClong	+0.0100%	1h	0.4420	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4418	−0.055%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4419	−0.032%	$46.9M	$41.5M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4422	+0.036%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4421	+0.013%	$25.2M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4420	−0.010%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4427	+0.140%	$717K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4424	+0.085%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4418	−0.055%	$414K	$992K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4427	+0.149%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4424	+0.081%	$70K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4423	+0.058%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4421	+0.013%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4415	−0.123%	$130K	$473K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4410	−0.236%	$4.2M	$7.6M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4421	+0.009%	$398K	$790K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4422	+0.047%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0106%	8h	0.4417	−0.087%	$6K	—	10x	as long as short
Aster ONDOUSDT	+0.0159%	4h	0.4420	−0.007%	$712K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0181%	1h	0.4424	+0.085%	$38.4M	$24.5M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0201%	1h	0.4412	−0.179%	$192K	$980K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4433	+0.285%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4412	−0.191%	$3.1M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0360%	1h	0.4424	+0.081%	$364	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4421	+0.013%	$284K	$706K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0429%	1h	0.4421	+0.013%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0553% / S −0.0190%	1h	0.4418	−0.046%	$488K	—	100x	as long as short
Lighter ONDO	+0.0840%	1h	0.4423	+0.063%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4422	+0.033%	$2K	—	20x	as long as short