Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Binance−0.440%58s7-day average — · you buy dearer than you sell

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

Long on Binance 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.440% cheaper against Binance than usual: you would sell low and buy high, −$44 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4528	0.0100	pay 0.0050% / 4h	1h 48m	$66.7M	$219.9M	75x
Short	Paradex ONDO-USD-PERP	0.4508	0.0100	get 0.0100% / 8h	1h 48m	$6K	$9	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now −0.440%Rate

Funding earned: $0.03
Price spread: −0.440% → 0.000%: −$43.95
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$57.92
Costs to cover: 0.140%
Break-even: 12893.9 days

Slippage unknown: Binance: live order book, 10 min ago; 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 Binance live order book, 10 min ago	1.11 bp	8.8 bp −$9	14.8 bp −$148	52.5 bp −$5,251	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 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	−0.0356%	1h	0.4516	−0.267%	$2.8M	$8.0M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4513	−0.326%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4515	−0.293%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4508	−0.447%	$423K	$681K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4525	−0.083%	$758K	$2.0M	20x	as long as short
Binance ONDOUSDTlong	+0.0100%	4h	0.4528	long leg	$66.7M	$219.9M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4526	−0.050%	$73.4M	$117.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4527	−0.028%	$17.6M	$79.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4507	−0.472%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4507	−0.473%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDT	+0.0100%	4h	0.4520	−0.182%	$11.8M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4528	−0.006%	$47.8M	$44.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4519	−0.204%	$13.5M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4523	−0.116%	$25.5M	$41.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4523	−0.116%	—	$745K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4522	−0.143%	$195K	$972K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4513	−0.334%	$795K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4515	−0.297%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4515	−0.294%	$426K	$928K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4510	−0.408%	$80K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4509	−0.425%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4518	−0.226%	$470	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4521	−0.160%	$130K	$509K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4517	−0.249%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4508	−0.440%	$6K	$9	10x
Extended ONDO-USD	+0.0104%	1h	0.4520	−0.192%	$403K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4520	−0.193%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4528	+0.001%	$30K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4503	−0.558%	$1K	$181K	5.5x	as long as short
ApeX Omni ONDOUSDT	+0.0208%	1h	0.4514	−0.315%	$159K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4538	+0.215%	$300K	$847K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4521	−0.160%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4511	−0.377%	$371	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0414%	1h	0.4519	−0.204%	$19K	$364K	25x	as long as short
Lighter ONDO	+0.0496%	1h	0.4535	+0.153%	$1.4M	$2.1M	10x	as long as short
Hyperliquid ONDO	+0.0543%	1h	0.4528	−0.012%	$40.5M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0191%	1h	0.4508	−0.448%	$542K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4509	−0.422%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1353%	1h	0.4522	−0.148%	$256K	$130K	5x	as long as short