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 0.000%

Price spread now: Paradex against SoDEX−0.014%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ONDO-USD	0.4336	0.0100	pay 0.0013% / 1h	16m 23s	$2K	$14K	10x
Short	Paradex ONDO-USD-PERP	0.4335	0.0100	get 0.0100% / 8h	6h 16m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0.02
Price spread: −0.014% → 0.000%: −$1.38
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$13.36
Costs to cover: 0.120%
Break-even: 5419.7 days

Slippage unknown: SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

SoDEX 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4337	+0.016%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0019%	1h	0.4336	+0.006%	$2.6M	$7.5M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.351%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4341	+0.127%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4334	−0.046%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4339	+0.069%	$338K	$864K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4340	+0.102%	$776K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4337	+0.031%	$63.3M	$227.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4335	−0.023%	$68.4M	$118.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4336	0.000%	$17.3M	$68.8M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4331	−0.115%	$71K	$77K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4337	+0.012%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4336	0.000%	$13.7M	$14.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4339	+0.069%	$46.3M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4337	+0.023%	$13.1M	$9.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4337	+0.023%	$25.2M	$35.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4337	+0.023%	—	$783K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4335	−0.014%	$181K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4345	+0.199%	$801K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4341	+0.109%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4341	+0.106%	$412K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4352	+0.369%	$134K	$320K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4340	+0.085%	$60K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4339	+0.069%	—	$1.3M	20x	as long as short
SoDEX ONDO-USDlong	+0.0100%	1h	0.4336	long leg	$2K	$14K	10x
HTX ONDO-USDT	+0.0100%	4h	0.4343	+0.161%	$106K	$489K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4337	+0.023%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4335	−0.014%	$6K	—	10x
Hyperliquid ONDO	+0.0102%	1h	0.4343	+0.155%	$36.5M	$27.2M	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4334	−0.042%	$364K	$787K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4338	+0.035%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4339	+0.060%	$357	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4337	+0.023%	$21K	$382K	25x	as long as short
Phoenix ONDO	+0.0219%	1h	0.4343	+0.166%	$35K	$217K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4353	+0.392%	$214K	$632K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4339	+0.069%	$3.2M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4340	+0.099%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1165%	1h	0.4339	+0.070%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.2993%	1h	0.4336	+0.009%	$248K	$160K	5x	as long as short