Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against HTX−0.360%7-day average — · you buy dearer than you sell

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

Long on HTX 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 0.360% cheaper against HTX than usual: you would sell low and buy high, −$36 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	HTX ONDO-USDT	0.4347	0.0100	pay 0.0050% / 4h	1h 47m	$129K	$429K	50x
Short	Paradex ONDO-USD-PERP	0.4331	0.0100	get 0.0100% / 8h	1h 47m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against HTX. 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 HTXbpFee ParadexbpOrdersPrice spread, now −0.360%Rate

Funding earned: $0.02
Price spread: −0.360% → 0.000%: −$36.05
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$52.03
Costs to cover: 0.160%
Break-even: 19062.3 days

Slippage unknown: HTX: live order book, 61 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 HTX live order book, 61 min ago	10.35 bp	50.7 bp −$51	doesn't fit	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	0.4335	−0.276%	$2.5M	$7.8M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4333	−0.315%	$243K	$137K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4335	−0.277%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.084%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4337	−0.237%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4340	−0.173%	$346K	$894K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4334	−0.306%	$774K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4332	−0.346%	$62.9M	$238.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4329	−0.414%	$67.5M	$126.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4330	−0.391%	$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	0.4348	+0.016%	$71K	$83K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4331	−0.372%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4331	−0.368%	$12.4M	$15.9M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4328	−0.437%	$43.0M	$42.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4332	−0.345%	$11.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4330	−0.391%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4331	−0.368%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4337	−0.237%	$177K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4337	−0.235%	$642K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4342	−0.112%	$4K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4343	−0.092%	$408K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4342	−0.115%	$133K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4338	−0.207%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4336	−0.253%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4337	−0.230%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4337	−0.230%	$451	$13K	10x	as long as short
HTX ONDO-USDTlong	+0.0100%	4h	0.4347	long leg	$129K	$429K	50x
Phemex ONDOUSDT	+0.0100%	4h	0.4338	−0.207%	$4.2M	$8.5M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4331	−0.360%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4329	−0.418%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4339	−0.181%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0200%	1h	0.4333	−0.315%	$357	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4338	−0.207%	$18K	$362K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4339	−0.184%	$214K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4349	+0.053%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4345	−0.046%	$3.2M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0405%	1h	0.4337	−0.223%	$36.6M	$27.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0562% / S −0.0197%	1h	0.4335	−0.284%	$488K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1157%	1h	0.4336	−0.247%	$2K	—	20x	as long as short