Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.053%

Price spread now: 01 Exchange against Paradex+0.073%55s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on 01 Exchange

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and 01 Exchange is 0.073% dearer against Paradex than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	Paradex ONDO-USD-PERP	0.4340	0.0101	pay 0.0101% / 8h	1h 17m	$6K	—	10x
Short	01 Exchange ONDOUSD	0.4343	0.0216	get 0.0027% / 1h	17m 47s	$357	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Paradex. 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 ParadexbpFee 01 ExchangebpOrdersPrice spread, now +0.073%Rate

Funding earned: $24.2
Price spread: +0.073% → 0.000%: $7.25
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $20.45
Costs to cover: 0.110%
Break-even: 1.1 days

Slippage unknown: Paradex: no order-book sample; 01 Exchange: 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 Paradex no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 01 Exchange: 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	0.4339	−0.008%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4340	+0.008%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0010%	1h	0.4343	+0.075%	$244K	$141K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.262%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4347	+0.179%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4340	+0.014%	$348K	$891K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4343	+0.077%	$780K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4340	+0.008%	$62.7M	$234.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4340	+0.008%	$68.0M	$122.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4340	+0.008%	$17.3M	$72.5M	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	0.4336	−0.089%	$71K	$81K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4340	−0.003%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4343	+0.077%	$12.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4341	+0.031%	$43.7M	$42.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4342	+0.054%	$12.0M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4340	+0.008%	$24.8M	$37.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4345	+0.123%	—	$23.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4342	+0.061%	$176K	$995K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4333	−0.159%	$722K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4334	−0.134%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4329	−0.240%	$401K	$1.4M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4336	−0.084%	$133K	$340K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4343	+0.070%	$62K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4340	+0.008%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4341	+0.031%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4342	+0.054%	$451	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4345	+0.123%	$129K	$399K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4340	+0.008%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERPlong	+0.0101%	8h	0.4340	long leg	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4342	+0.064%	$358K	$821K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4345	+0.112%	$38K	$13K	3x	as long as short
Hyperliquid ONDO	+0.0186%	1h	0.4349	+0.206%	$36.5M	$27.1M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4343	+0.077%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSDshort	+0.0216%	1h	0.4343	+0.073%	$357	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0264%	1h	0.4342	+0.054%	$215K	$728K	50x	as long as short
Phoenix ONDO	+0.0313%	1h	0.4336	−0.073%	$35K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4342	+0.054%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4339	−0.009%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1158%	1h	0.4341	+0.037%	$2K	—	20x	as long as short