Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against SunX−0.058%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Paradex

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.058% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it 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	SunX ONDO-USDT	0.4361	0.0100	pay 0.0050% / 4h	3h 20m	—	$1.4M	20x
Short	Paradex ONDO-USD-PERP	0.4358	0.0100	get 0.0100% / 8h	3h 20m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SunX. 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 SunXbpFee ParadexbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0.03
Price spread: −0.058% → 0.000%: −$5.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$17.77
Costs to cover: 0.120%
Break-even: 3657.6 days

Slippage unknown: SunX: live order book, 4 min ago; Paradex: 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 SunX live order book, 4 min ago	47.03 bp	67.5 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0161%	1h	0.4358	−0.059%	$2.6M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4358	−0.072%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.747%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4360	−0.011%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4359	−0.046%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4360	−0.017%	$360K	$840K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4358	−0.077%	$62.9M	$231.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4355	−0.138%	$67.7M	$124.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4357	−0.092%	$17.0M	$72.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4363	+0.053%	$72K	$83K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4358	−0.079%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4355	−0.138%	$11.7M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4358	−0.069%	$43.2M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4358	−0.069%	$12.6M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4356	−0.115%	$24.9M	$39.7M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4355	−0.138%	—	$760K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4357	−0.096%	$183K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4352	−0.212%	$702K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4354	−0.159%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4364	+0.059%	$406K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4353	−0.183%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4360	−0.028%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDTlong	+0.0100%	4h	0.4361	long leg	—	$1.4M	20x
SoDEX ONDO-USD	+0.0100%	1h	0.4360	−0.023%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4368	+0.161%	$129K	$423K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4360	−0.023%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4358	−0.058%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4359	−0.056%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4362	+0.017%	$38K	$13K	3x	as long as short
Aster ONDOUSDT	+0.0153%	4h	0.4357	−0.103%	$786K	$2.6M	20x	as long as short
01 Exchange ONDOUSD	+0.0160%	1h	0.4360	−0.028%	$359	$2K	10x	as long as short
Hyperliquid ONDO	+0.0189%	1h	0.4358	−0.080%	$37.4M	$24.4M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4362	+0.023%	$246K	$726K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4368	+0.154%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4353	−0.183%	$3.1M	$3.1M	75x	as long as short
dYdX ONDO-USD	+0.0397%	1h	0.4350	−0.249%	$246K	$129K	5x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0555% / S −0.0193%	1h	0.4358	−0.072%	$485K	—	100x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0668%	1h	0.4362	+0.023%	$18K	$362K	25x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4360	−0.029%	$2K	—	20x	as long as short