Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: Paradex against RISEx−0.030%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 Paradex

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 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: Paradex is 0.030% cheaper against RISEx than usual: you would sell low and buy high, −$3 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	0.4333	0.0100	pay 0.0013% / 1h	10m 38s	—	—	5x
Short	Paradex ONDO-USD-PERP	0.4331	0.0100	get 0.0100% / 8h	6h 10m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0.02
Price spread: −0.030% → 0.000%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.96
Costs to cover: 0.100%
Break-even: 6038.4 days

Slippage unknown: RISEx: no order-book sample; Paradex: 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 RISEx no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

RISEx and 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 exchanges

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
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4331	−0.036%	$21K	$371K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4331	−0.046%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0019%	1h	0.4331	−0.047%	$2.6M	$7.5M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.435%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4337	+0.096%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4330	−0.059%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4333	+0.022%	$338K	$832K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4335	+0.047%	$36.4M	$27.2M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4334	+0.028%	$769K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4333	+0.010%	$63.2M	$225.5M	75x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4331	−0.036%	$68.4M	$117.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4333	+0.010%	$17.3M	$68.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4327	−0.137%	$71K	$74K	10x	as long as short
RISEx ONDO/USDClong	+0.0100%	1h	0.4333	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4331	−0.036%	$13.7M	$14.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4333	+0.010%	$46.2M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4332	−0.013%	$13.1M	$9.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4333	+0.010%	$25.2M	$34.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4332	−0.013%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4331	−0.031%	$181K	$992K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4333	0.000%	$799K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4336	+0.091%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4334	+0.036%	$402K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4334	+0.034%	$134K	$320K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4335	+0.045%	$60K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4331	−0.036%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4331	−0.036%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4339	+0.149%	$106K	$481K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4331	−0.036%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4331	−0.030%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4332	−0.022%	$364K	$775K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4332	−0.013%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4334	+0.040%	$357	$2K	10x	as long as short
Phoenix ONDO	+0.0219%	1h	0.4337	+0.105%	$35K	$217K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4353	+0.472%	$214K	$627K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4335	+0.057%	$3.2M	$2.9M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0571% / S −0.0203%	1h	0.4330	−0.059%	$495K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1165%	1h	0.4331	−0.036%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3177%	1h	0.4332	−0.013%	$248K	$160K	5x	as long as short