Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: Ondo Perps against RISEx−0.168%58s7-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 Ondo Perps

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—+ Points / potential airdropOndo Perps: 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: Ondo Perps is 0.168% cheaper against RISEx than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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	RISEx ONDO/USDC	0.4305	0.0100	pay 0.0013% / 1h	24m 38s	—	—	5x
Short	Ondo Perps ONDO-USD.P	0.4298	0.0100	get 0.0013% / 1h	24m 38s	$70K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0
Price spread: −0.168% → 0.000%: −$16.78
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$27.78
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: RISEx: no order-book sample; Ondo Perps: 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 RISEx no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

RISEx and Ondo Perps: 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	−0.0243%	1h	0.4301	−0.096%	$2.5M	$7.8M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4302	−0.070%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0014%	1h	0.4297	−0.176%	$241K	$137K	5x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+6.114%	$888	$216K	5.5x	as long as short
01 Exchange ONDOUSD	+0.0088%	1h	0.4307	+0.046%	$354	$2K	10x	as long as short
Lighter ONDO	+0.0096%	1h	0.4303	−0.045%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4304	−0.025%	$349K	$881K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4301	−0.079%	$35.9M	$26.4M	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4301	−0.089%	$769K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4301	−0.092%	$61.9M	$236.4M	75x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ONDOUSDT	+0.0100%	4h	0.4300	−0.112%	$67.1M	$126.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4303	−0.042%	$17.1M	$73.0M	50x	as long as short
Ondo Perps ONDO-USD.Pshort	+0.0100%	1h	0.4298	−0.168%	$70K	$82K	10x
RISEx ONDO/USDClong	+0.0100%	1h	0.4305	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4296	−0.205%	$12.0M	$16.5M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4301	−0.089%	$42.4M	$42.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4298	−0.158%	$11.9M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4303	−0.042%	$24.7M	$40.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4302	−0.066%	—	$23.7M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4296	−0.210%	$176K	$988K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4294	−0.256%	$648K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4298	−0.148%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4305	+0.007%	$404K	$1.3M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4301	−0.089%	$133K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4306	+0.030%	$67K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4303	−0.042%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4303	−0.042%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4303	−0.042%	$447	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4314	+0.213%	$128K	$429K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4301	−0.089%	$4.1M	$8.3M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4304	−0.030%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4294	−0.261%	$387K	$795K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4306	+0.019%	$37K	$13K	3x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4308	+0.074%	$216K	$757K	50x	as long as short
Phoenix ONDO	+0.0332%	1h	0.4309	+0.092%	$34K	$223K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4301	−0.089%	$3.1M	$3.1M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0560% / S −0.0197%	1h	0.4302	−0.063%	$484K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0680%	1h	0.4305	+0.004%	$18K	$362K	25x	as long as short
Reya ONDORUSDPERP	+0.1156%	1h	0.4303	−0.048%	$2K	—	20x	as long as short