Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against SoDEX+0.233%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: 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: Ondo Perps is 0.233% dearer against SoDEX than usual: you sell high and buy low, +$23 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	SoDEX ONDO-USD	0.4421	0.0100	pay 0.0013% / 1h	21m 55s	$460	$14K	10x
Short	Ondo Perps ONDO-USD.P	0.4431	0.0100	get 0.0013% / 1h	21m 55s	$73K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SoDEX. 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 SoDEXbpFee Ondo PerpsbpOrdersPrice spread, now +0.233%Rate

Funding earned: $0
Price spread: +0.233% → 0.000%: $23.3
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $10.3
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Ondo Perps: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

SoDEX and Ondo Perps: 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	−0.0493%	1h	0.4418	−0.077%	$2.9M	$7.2M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4422	+0.021%	$6K	—	150x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4422	+0.027%	$6K	$9	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4420	−0.023%	$454K	$634K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4421	−0.009%	$65.6M	$221.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4416	−0.113%	$69.5M	$114.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4417	−0.090%	$17.3M	$78.6M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4431	+0.233%	$73K	$89K	10x
RISEx ONDO/USDC	+0.0100%	1h	0.4423	+0.043%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4418	−0.068%	$11.6M	$18.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ONDO_USDT	+0.0100%	4h	0.4420	−0.023%	$48.5M	$43.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4419	−0.045%	$13.5M	$9.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4421	0.000%	$25.0M	$41.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4419	−0.045%	—	$760K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4422	+0.027%	$235K	$942K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4412	−0.193%	$762K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4423	+0.049%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4428	+0.153%	$419K	$792K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4425	+0.090%	$156K	$352K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4422	+0.016%	$71K	$996K	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4421	0.000%	$24K	$8K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4421	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USDlong	+0.0100%	1h	0.4421	long leg	$460	$14K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4432	+0.249%	$109K	$526K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4419	−0.045%	$4.9M	$5.8M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4419	−0.049%	$386K	$946K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4423	+0.045%	$35K	—	3x	as long as short
Phoenix ONDO	+0.0127%	1h	0.4410	−0.238%	$28K	$251K	10x	as long as short
Injective ONDO/USDC PERP	+0.0131%	1h	0.4416	−0.113%	$994	$82K	5.5x	as long as short
Aster ONDOUSDT	+0.0145%	4h	0.4422	+0.023%	$752K	$1.8M	20x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0202%	1h	0.4423	+0.045%	$20K	$344K	25x	as long as short
01 Exchange ONDOUSD	+0.0240%	1h	0.4424	+0.070%	$364	$1K	10x	as long as short
Hyperliquid ONDO	+0.0296%	1h	0.4424	+0.077%	$39.2M	$26.2M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4425	+0.090%	$3.2M	$3.1M	75x	as long as short
Lighter ONDO	+0.0520%	1h	0.4428	+0.158%	$1.2M	$1.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0536%	1h	0.4436	+0.339%	$331K	$753K	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0601% / S −0.0200%	1h	0.4421	+0.002%	$544K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1135%	1h	0.4420	−0.033%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.1373%	1h	0.4425	+0.091%	$250K	$116K	5x	as long as short