Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

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

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

Long on RISEx Short on MEXC

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	0.4604	0.0100	pay 0.0013% / 1h	21m 35s	—	—	5x
Short	MEXC ONDO_USDT	0.4604	0.0100	get 0.0050% / 4h	3h 21m	$50.2M	$41.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → 0.000%: $0.98
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$5.02
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: no order-book sample; MEXC: 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 MEXC live order book, 2 min ago	1.09 bp	2.4 bp −$2	4.4 bp −$44	12.8 bp −$1,281	62.4 bp −$31.2K

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	−0.0867%	1h	0.4607	+0.074%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4606	+0.053%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4608	+0.097%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.772%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4608	+0.097%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4603	−0.012%	$432K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4608	+0.095%	$731K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4604	+0.008%	$69.0M	$222.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4602	−0.034%	$74.3M	$119.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4602	−0.034%	$17.7M	$78.5M	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	0.4617	+0.294%	$73K	$92K	10x	as long as short
RISEx ONDO/USDClong	+0.0100%	1h	0.4604	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4602	−0.034%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4604	+0.010%	$50.2M	$41.8M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4606	+0.053%	$14.3M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4604	+0.010%	$26.1M	$38.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4603	−0.012%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4609	+0.116%	$231K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4616	+0.265%	$820K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4609	+0.110%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4613	+0.205%	$433K	$970K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4607	+0.075%	$172K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4607	+0.071%	$73K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4609	+0.118%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4608	+0.097%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4615	+0.249%	$135K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4606	+0.053%	$4.5M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4606	+0.048%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4602	−0.040%	$417K	$826K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4614	+0.223%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0184%	1h	0.4609	+0.118%	$34K	$348K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4610	+0.138%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0256%	1h	0.4603	−0.003%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4617	+0.292%	$299K	$821K	50x	as long as short
Hyperliquid ONDO	+0.0317%	1h	0.4611	+0.164%	$41.0M	$25.0M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4615	+0.249%	$3.3M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4608	+0.089%	$550K	—	100x	as long as short
Lighter ONDO	+0.0616%	1h	0.4614	+0.225%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4605	+0.026%	$2K	—	20x	as long as short