Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —

Price spread now: MEXC against RISEx−0.003%7-day average — · you buy dearer than you sell

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

Long on RISEx Short on MEXC

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	0.4476	0.0100	pay 0.0013% / 1h	57m 39s	—	—	5x
Short	MEXC ONDO_USDT	0.4476	0.0100	get 0.0050% / 4h	2h 57m	$46.3M	$41.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → 0.000%: −$0.26
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$6.26
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: no order-book sample; MEXC: live order book, 6 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 MEXC live order book, 6 min ago	1.10 bp	3.8 bp −$4	8.3 bp −$83	22.8 bp −$2,281	109.9 bp −$54.9K

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	−0.0356%	1h	0.4481	+0.115%	$2.7M	$8.0M	50x	as long as short
dYdX ONDO-USD	0.0000%	1h	0.4481	+0.113%	$254K	$131K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4482	+0.131%	$33K	$339K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0007%	1h	0.4482	+0.132%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+2.053%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4482	+0.131%	$25K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4491	+0.327%	$418K	$763K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4481	+0.111%	$709K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4481	+0.098%	$66.6M	$225.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4477	+0.020%	$71.8M	$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	0.4481	+0.109%	$17.2M	$76.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4485	+0.198%	$72K	$93K	10x	as long as short
RISEx ONDO/USDClong	+0.0100%	1h	0.4476	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4479	+0.064%	$11.8M	$15.7M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4476	−0.003%	$46.3M	$41.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4477	+0.020%	$13.7M	$10.9M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4480	+0.087%	$25.3M	$39.3M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4481	+0.109%	—	$22.2M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4505	+0.639%	$798K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4550	+1.651%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4503	+0.601%	$415K	$955K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4543	+1.494%	$169K	$332K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4492	+0.346%	$91K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4482	+0.131%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4483	+0.154%	$466	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4487	+0.243%	$131K	$499K	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4481	+0.100%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4480	+0.090%	$406K	$820K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4479	+0.071%	$39K	$13K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0115%	1h	0.4484	+0.165%	$226K	$1.0M	15x	as long as short
Hyperliquid ONDO	+0.0144%	1h	0.4484	+0.185%	$39.8M	$25.1M	10x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4483	+0.160%	$369	$2K	10x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4541	+1.441%	$37K	$227K	10x	as long as short
Lighter ONDO	+0.0296%	1h	0.4487	+0.250%	$1.4M	$2.1M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4513	+0.824%	$295K	$807K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4501	+0.556%	$3.3M	$3.0M	75x	as long as short
Phemex ONDOUSDT	+0.0563%	4h	0.4492	+0.355%	$4.4M	$7.2M	50x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0583% / S −0.0187%	1h	0.4484	+0.165%	$535K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1146%	1h	0.4492	+0.360%	$2K	—	20x	as long as short