Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h —

Price spread now: RISEx against gTrade (Gains Network)−0.043%47s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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—needs both histories

Funding pays, the price is against you. RISEx is 0.043% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day). The two prices were read 47 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	gTrade (Gains Network) ONDO/USD	0.4607	L +0.0003% / S −0.0008%	pay 0.0000% / 1h	22m 32s	$6K	—	150x
Short	RISEx ONDO/USDC	0.4605	0.0100	get 0.0013% / 1h	22m 32s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee RISExbpOrdersPrice spread, now −0.043%Rate

Funding earned: $20.28
Price spread: −0.043% → 0.000%: −$4.28
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $0
Costs to cover: 0.160%
Break-even: 7.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell RISEx no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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	−0.0866%	1h	0.4613	+0.119%	$2.8M	$7.9M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4610	+0.065%	$261K	$131K	5x	as long as short
gTrade (Gains Network) ONDO/USDlong	L +0.0003% / S −0.0008%	1h	0.4607	long leg	$6K	—	150x
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	−0.852%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4609	+0.038%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4610	+0.059%	$432K	$710K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4615	+0.166%	$732K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4607	−0.002%	$69.0M	$222.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4607	−0.006%	$74.4M	$119.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4609	+0.038%	$17.7M	$78.7M	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	0.4588	−0.423%	$73K	$91K	10x	as long as short
RISEx ONDO/USDCshort	+0.0100%	1h	0.4605	−0.043%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4608	+0.016%	$12.1M	$16.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4612	+0.103%	$50.3M	$41.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4612	+0.103%	$14.3M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4611	+0.081%	$26.2M	$38.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4609	+0.038%	—	$22.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4617	+0.200%	$232K	$999K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4616	+0.184%	$820K	$1.9M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4616	+0.188%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4613	+0.124%	$433K	$970K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4595	−0.266%	$171K	$349K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4613	+0.120%	$74K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4609	+0.038%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4613	+0.124%	$479	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4619	+0.255%	$136K	$492K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4614	+0.146%	$4.6M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4610	+0.056%	$7K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4607	+0.004%	$417K	$826K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4615	+0.164%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0184%	1h	0.4611	+0.081%	$34K	$348K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4598	−0.195%	$38K	$248K	10x	as long as short
01 Exchange ONDOUSD	+0.0264%	1h	0.4605	−0.043%	$379	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4608	+0.016%	$299K	$823K	50x	as long as short
Hyperliquid ONDO	+0.0317%	1h	0.4617	+0.220%	$41.0M	$25.0M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4615	+0.168%	$3.3M	$3.0M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0188%	1h	0.4607	+0.003%	$550K	—	100x	as long as short
Lighter ONDO	+0.0632%	1h	0.4624	+0.357%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4608	+0.022%	$2K	—	20x	as long as short