Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: KuCoin against RISEx+0.005%7-day average — · you sell dearer than you buy

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

Long on RISEx Short on KuCoin

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	RISEx ONDO/USDC	0.4335	0.0100	pay 0.0013% / 1h	8m 50s	—	—	5x
Short	KuCoin ONDOUSDTM	0.4335	0.0100	get 0.0050% / 4h	2h 08m	$13.1M	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → 0.000%: $0.53
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.47
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: RISEx: no order-book sample; KuCoin: live order book, 3 min ago. 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 RISEx no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	1.15 bp	14.4 bp −$14	25.4 bp −$254	doesn't fit	doesn't fit

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 exchanges

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
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4335	+0.005%	$21K	$371K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4335	−0.003%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0019%	1h	0.4333	−0.041%	$2.6M	$7.5M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.380%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4339	+0.100%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4334	−0.018%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4335	−0.006%	$338K	$830K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4337	+0.044%	$769K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4335	−0.003%	$63.2M	$225.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4331	−0.087%	$68.3M	$117.3M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4334	−0.018%	$17.3M	$68.0M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4327	−0.188%	$71K	$74K	10x	as long as short
RISEx ONDO/USDClong	+0.0100%	1h	0.4335	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4333	−0.041%	$13.7M	$14.6M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4334	−0.018%	$46.3M	$41.6M	200x	as long as short
KuCoin ONDOUSDTMshort	+0.0100%	4h	0.4335	+0.005%	$13.1M	$9.8M	50x
Bitget ONDOUSDT	+0.0100%	4h	0.4335	+0.005%	$25.2M	$34.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4334	−0.018%	—	$785K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4335	+0.003%	$181K	$991K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4329	−0.144%	$799K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4332	−0.071%	$5K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4332	−0.065%	$402K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4333	−0.041%	$134K	$320K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4337	+0.061%	$60K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4335	+0.005%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4335	+0.005%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4339	+0.098%	$106K	$481K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4335	+0.005%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4334	−0.021%	$6K	—	10x	as long as short
Hyperliquid ONDO	+0.0104%	1h	0.4338	+0.084%	$36.5M	$26.6M	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4333	−0.039%	$364K	$773K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4335	+0.017%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4339	+0.100%	$357	$2K	10x	as long as short
Phoenix ONDO	+0.0219%	1h	0.4335	+0.008%	$35K	$217K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4353	+0.421%	$214K	$627K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4336	+0.028%	$3.2M	$2.9M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4333	−0.035%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1165%	1h	0.4335	+0.015%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3194%	1h	0.4332	−0.064%	$248K	$160K	5x	as long as short