Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: RISEx against edgeX+0.034%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on RISEx

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 airdropedgeX: 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: RISEx is 0.034% dearer against edgeX than usual: you sell high and buy low, +$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	edgeX ONDOUSDC	0.4331	0.0100	pay 0.0050% / 4h	1h 43m	$4K	$317K	20x
Short	RISEx ONDO/USDC	0.4332	0.0100	get 0.0013% / 1h	43m 33s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against edgeX. 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 edgeXbpFee RISExbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → 0.000%: $3.39
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$11.61
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 65 min ago; RISEx: 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 edgeX live order book, 65 min ago	4.61 bp	9.1 bp −$9	15.7 bp −$157	doesn't fit	doesn't fit
Sell RISEx no order-book sample	—	—	—	—	—

RISEx: 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	0.4328	−0.055%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4329	−0.033%	$243K	$137K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4332	+0.030%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.476%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4330	−0.015%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4333	+0.038%	$348K	$897K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4335	+0.099%	$775K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4332	+0.021%	$62.8M	$238.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4333	+0.050%	$67.5M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4335	+0.096%	$17.2M	$73.6M	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	0.4326	−0.114%	$71K	$82K	10x	as long as short
RISEx ONDO/USDCshort	+0.0100%	1h	0.4332	+0.034%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4331	+0.004%	$12.4M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4334	+0.073%	$42.9M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4327	−0.089%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4333	+0.050%	$24.8M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4332	+0.027%	—	$23.6M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4329	−0.033%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−0.164%	$643K	$1.7M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4331	long leg	$4K	$317K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	+0.018%	$401K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4332	+0.027%	$133K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4335	+0.107%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4330	−0.020%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4329	−0.043%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4330	−0.020%	$450	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4340	+0.211%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4331	+0.004%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4327	−0.097%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4334	+0.074%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4332	+0.020%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0176%	1h	0.4333	+0.057%	$357	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0212%	1h	0.4331	+0.004%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4339	+0.188%	$214K	$728K	50x	as long as short
Hyperliquid ONDO	+0.0294%	1h	0.4330	−0.010%	$36.3M	$27.3M	10x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4331	+0.010%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4336	+0.119%	$3.2M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0562% / S −0.0197%	1h	0.4331	+0.005%	$487K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4331	+0.009%	$2K	—	20x	as long as short