Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h —

Price spread now: 01 Exchange against RISEx+0.039%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 01 Exchange

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and 01 Exchange is 0.039% dearer against RISEx than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ONDO/USDC	0.4350	0.0100	pay 0.0013% / 1h	36m 44s	—	—	5x
Short	01 Exchange ONDOUSD	0.4351	0.0216	get 0.0027% / 1h	36m 44s	$358	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.039%Rate

Funding earned: $24.36
Price spread: +0.039% → 0.000%: $3.92
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $15.28
Costs to cover: 0.130%
Break-even: 2.6 days

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

RISEx 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4350	+0.003%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.016%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4352	+0.050%	$2.6M	$7.9M	50x	as long as short
Lighter ONDO	+0.0096%	1h	0.4357	+0.168%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4350	+0.005%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4349	−0.018%	$367K	$852K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4355	+0.124%	$37.3M	$24.5M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4354	+0.097%	$62.8M	$230.2M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4349	−0.018%	$67.4M	$126.0M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4351	+0.028%	$16.9M	$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	0.4384	+0.793%	$72K	$84K	10x	as long as short
RISEx ONDO/USDClong	+0.0100%	1h	0.4350	long leg	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4352	+0.051%	$11.5M	$16.3M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4354	+0.097%	$45.4M	$41.7M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4353	+0.074%	$12.6M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4353	+0.074%	$24.9M	$39.9M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4354	+0.097%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4351	+0.035%	$186K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4369	+0.434%	$708K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4371	+0.490%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4376	+0.592%	$410K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4371	+0.488%	$135K	$355K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4351	+0.035%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4355	+0.120%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4355	+0.120%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4361	+0.258%	$126K	$478K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4356	+0.143%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4353	+0.084%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4354	+0.100%	$394K	$797K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4356	+0.145%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0207%	4h	0.4356	+0.134%	$733K	$2.4M	20x	as long as short
01 Exchange ONDOUSDshort	+0.0216%	1h	0.4351	+0.039%	$358	$2K	10x
dYdX ONDO-USD	+0.0267%	1h	0.4353	+0.071%	$246K	$129K	5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4342	−0.179%	$269K	$720K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4357	+0.166%	$3.1M	$2.9M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4356	+0.147%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0440%	1h	0.4353	+0.074%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0604% / S −0.0219%	1h	0.4350	−0.004%	$517K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4348	−0.036%	$2K	—	20x	as long as short