Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.058%

Price spread now: Paradex against 01 Exchange−0.077%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Paradex is 0.077% cheaper against 01 Exchange than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ONDOUSD	0.4567	0.0448	pay 0.0056% / 1h	44m 47s	$376	$2K	10x
Short	Paradex ONDO-USD-PERP	0.4564	0.0101	get 0.0101% / 8h	44m 47s	$7K	$9	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$72.92
Price spread: −0.077% → 0.000%: −$7.69
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$91.61
Costs to cover: 0.110%
Break-even: never at this rate

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

01 Exchange and 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	−0.0799%	1h	0.4562	−0.119%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.011%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4562	−0.116%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4563	−0.099%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4565	−0.055%	$430K	$705K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4565	−0.053%	$720K	$2.1M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4563	−0.088%	$68.3M	$227.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4563	−0.099%	$74.0M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4561	−0.142%	$17.8M	$81.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4566	−0.039%	$74K	$89K	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	0.4563	−0.101%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4560	−0.164%	$12.0M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4562	−0.120%	$49.5M	$43.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4563	−0.099%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4562	−0.120%	$25.9M	$41.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4562	−0.120%	—	$22.3M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4573	+0.119%	$787K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4575	+0.154%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4575	+0.156%	$433K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4568	+0.011%	$173K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4565	−0.059%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4567	−0.011%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4563	−0.099%	$474	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4574	+0.142%	$133K	$503K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4564	−0.077%	$4.7M	$6.7M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0101%	8h	0.4564	−0.077%	$7K	$9	10x
Extended ONDO-USD	+0.0104%	1h	0.4562	−0.122%	$409K	$846K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4567	−0.016%	$44K	$8K	3x	as long as short
Backpack ONDO_USDC_PERP	+0.0182%	1h	0.4563	−0.096%	$230K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0188%	1h	0.4564	−0.077%	$36K	$436K	25x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4573	+0.131%	$38K	$257K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4599	+0.690%	$302K	$859K	50x	as long as short
Hyperliquid ONDO	+0.0334%	1h	0.4566	−0.024%	$40.5M	$26.8M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4566	−0.033%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSDlong	+0.0448%	1h	0.4567	long leg	$376	$2K	10x
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4562	−0.130%	$545K	—	100x	as long as short
Lighter ONDO	+0.0952%	1h	0.4571	+0.085%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4563	−0.090%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6619%	1h	0.4560	−0.156%	$258K	$131K	5x	as long as short