Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: edgeX against RISEx−0.096%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 edgeX

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—+ Points / potential airdropedgeX: 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 0.096% cheaper against RISEx than usual: you would sell low and buy high, −$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	RISEx ONDO/USDC	0.4321	0.0100	pay 0.0013% / 1h	8m 49s	—	—	5x
Short	edgeX ONDOUSDC	0.4316	0.0100	get 0.0050% / 4h	8m 49s	$5K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → 0.000%: −$9.59
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$24.59
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: RISEx: no order-book sample; edgeX: live order book, 29 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 edgeX live order book, 29 min ago	4.63 bp	9.3 bp −$9	16.3 bp −$163	doesn't fit	doesn't fit

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	−0.0176%	1h	0.4319	−0.030%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4320	−0.009%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.728%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4324	+0.090%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4324	+0.069%	$346K	$886K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4320	−0.012%	$764K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4321	+0.011%	$62.9M	$234.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4320	−0.012%	$68.1M	$122.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4321	+0.011%	$17.3M	$71.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4314	−0.144%	$71K	$80K	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	0.4321	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4317	−0.081%	$13.0M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4321	+0.011%	$44.0M	$42.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4319	−0.035%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4319	−0.035%	$24.7M	$36.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4319	−0.035%	—	$23.0M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4320	−0.005%	$175K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4316	−0.105%	$678K	$1.9M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4316	−0.096%	$5K	$316K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4318	−0.058%	$403K	$1.6M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4315	−0.128%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4324	+0.090%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4320	−0.012%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4323	+0.058%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4321	+0.011%	$2K	$15K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4328	+0.173%	$128K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4318	−0.058%	$4.2M	$8.9M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4320	−0.006%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4318	−0.052%	$357K	$817K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4323	+0.055%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4323	+0.053%	$356	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4326	+0.127%	$214K	$733K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4323	+0.046%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4323	+0.058%	$3.2M	$3.1M	75x	as long as short
Hyperliquid ONDO	+0.0396%	1h	0.4325	+0.095%	$36.5M	$27.1M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0445%	1h	0.4321	+0.011%	$18K	$351K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4320	−0.006%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1161%	1h	0.4324	+0.072%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1708%	1h	0.4318	−0.048%	$242K	$155K	5x	as long as short