Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.105%

Price spread now: Paradex against Coinbase International−0.019%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ONDO-PERP-INTX	0.4342	0.0264	pay 0.0033% / 1h	12m 45s	$215K	$728K	50x
Short	Paradex ONDO-USD-PERP	0.4341	0.0101	get 0.0101% / 8h	1h 12m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$34.3
Price spread: −0.019% → 0.000%: −$1.91
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$50.21
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 31 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 Coinbase International live order book, 31 min ago	9.25 bp	23.2 bp −$23	76.9 bp −$769	doesn't fit	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	−0.0146%	1h	0.4340	−0.042%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4341	−0.029%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0016%	1h	0.4339	−0.079%	$244K	$140K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.205%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4346	+0.088%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4343	+0.017%	$348K	$890K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4344	+0.050%	$780K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4342	+0.004%	$62.8M	$234.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4340	−0.046%	$68.0M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4342	0.000%	$17.3M	$72.2M	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	0.4348	+0.140%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4342	−0.005%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4340	−0.046%	$12.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4342	0.000%	$43.7M	$42.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4341	−0.023%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4341	−0.023%	$24.8M	$37.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4342	0.000%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4343	+0.018%	$178K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4339	−0.075%	$723K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4339	−0.060%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4340	−0.046%	$406K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4340	−0.046%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4344	+0.039%	$62K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4341	−0.023%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4343	+0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4342	0.000%	$451	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4351	+0.207%	$129K	$399K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4341	−0.023%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0101%	8h	0.4341	−0.019%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4340	−0.041%	$358K	$810K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4345	+0.068%	$38K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4343	+0.023%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4345	+0.078%	$358	$2K	10x	as long as short
Hyperliquid ONDO	+0.0235%	1h	0.4346	+0.085%	$36.5M	$27.1M	10x	as long as short
Coinbase International ONDO-PERP-INTXlong	+0.0264%	1h	0.4342	long leg	$215K	$728K	50x
Phoenix ONDO	+0.0313%	1h	0.4344	+0.035%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4341	−0.023%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0574% / S −0.0203%	1h	0.4341	−0.032%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1159%	1h	0.4343	+0.016%	$2K	—	20x	as long as short