Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: RISEx against KuCoin−0.004%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONDOUSDTM	0.4557	0.0100	pay 0.0050% / 4h	3h 45m	$14.1M	$11.0M	50x
Short	RISEx ONDO/USDC	0.4557	0.0100	get 0.0013% / 1h	45m 17s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → 0.000%: −$0.43
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$18.43
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	1.10 bp	17.1 bp −$17	51.6 bp −$516	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	−0.0875%	1h	0.4564	+0.143%	$2.8M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4553	−0.081%	$258K	$132K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4562	+0.109%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+0.241%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4563	+0.132%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4561	+0.077%	$438K	$702K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4568	+0.233%	$40.3M	$26.1M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4559	+0.045%	$721K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4564	+0.145%	$68.2M	$225.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4563	+0.132%	$73.7M	$120.7M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4565	+0.176%	$17.5M	$79.6M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4545	−0.274%	$75K	$89K	10x	as long as short
RISEx ONDO/USDCshort	+0.0100%	1h	0.4557	−0.004%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4560	+0.066%	$12.0M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4564	+0.154%	$48.8M	$41.3M	200x	as long as short
KuCoin ONDOUSDTMlong	+0.0100%	4h	0.4557	long leg	$14.1M	$11.0M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4564	+0.154%	$25.8M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4563	+0.132%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4552	−0.110%	$228K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4549	−0.180%	$807K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4548	−0.206%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4547	−0.224%	$428K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4545	−0.263%	$173K	$326K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4562	+0.114%	$70K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4557	0.000%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4565	+0.176%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4560	+0.066%	$134K	$502K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4551	−0.132%	$4.5M	$7.0M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4557	−0.008%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4564	+0.161%	$407K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4566	+0.187%	$40K	$13K	3x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4564	+0.154%	$33K	$363K	25x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4561	+0.081%	$375	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4558	+0.018%	$38K	$248K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4555	−0.044%	$297K	$817K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4549	−0.176%	$3.3M	$3.2M	75x	as long as short
Lighter ONDO	+0.0480%	1h	0.4564	+0.151%	$1.5M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0588% / S −0.0188%	1h	0.4562	+0.101%	$545K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1145%	1h	0.4563	+0.137%	$2K	—	20x	as long as short