Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.071%

Price spread now: BloFin against Aevo−0.123%53s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.123% cheaper against Aevo than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 42 hours of funding at the current rate (+$7 a day). The two prices were read 53 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	Aevo ONDO-PERP	0.4338	0.0104	pay 0.0013% / 1h	41m 43s	$38K	$13K	3x
Short	BloFin ONDO-USDT	0.4333	0.0340	get 0.0170% / 4h	41m 43s	$3.1M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now −0.123%Rate

Funding earned: $49.56
Price spread: −0.123% → 0.000%: −$12.26
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: $9.3
Costs to cover: 0.280%
Break-even: 5.7 days

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	1.15 bp	9.5 bp −$9	15.8 bp −$158	33.7 bp −$3,369	101.5 bp −$50.8K

Aevo: 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	−0.0175%	1h	0.4333	−0.120%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4335	−0.067%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.294%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4338	−0.017%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	−0.111%	$348K	$887K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4335	−0.068%	$776K	$2.7M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4333	−0.122%	$62.8M	$233.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4333	−0.123%	$68.2M	$121.9M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4335	−0.077%	$17.3M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4333	−0.130%	$71K	$81K	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	0.4336	−0.053%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4333	−0.123%	$12.8M	$15.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4333	−0.123%	$44.0M	$42.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4333	−0.123%	$12.1M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4334	−0.100%	$24.7M	$36.6M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4334	−0.100%	—	$777K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4336	−0.051%	$177K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4338	−0.015%	$736K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4341	+0.056%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4335	−0.077%	$399K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4338	−0.007%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4338	−0.014%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4336	−0.053%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4335	−0.077%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4335	−0.077%	$451	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4344	+0.131%	$129K	$369K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4334	−0.100%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4334	−0.103%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4333	−0.132%	$358K	$798K	25x	as long as short
Aevo ONDO-PERPlong	+0.0104%	1h	0.4338	long leg	$38K	$13K	3x
Deribit ONDO_USDC-PERPETUAL	+0.0211%	1h	0.4337	−0.030%	$18K	$351K	25x	as long as short
01 Exchange ONDOUSD	+0.0232%	1h	0.4336	−0.051%	$357	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4344	+0.131%	$215K	$733K	50x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4339	+0.006%	$35K	$221K	10x	as long as short
BloFin ONDO-USDTshort	+0.0340%	4h	0.4333	−0.123%	$3.1M	$3.2M	75x
Hyperliquid ONDO	+0.0344%	1h	0.4339	+0.011%	$36.5M	$27.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0573% / S −0.0203%	1h	0.4335	−0.075%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1160%	1h	0.4336	−0.061%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1573%	1h	0.4333	−0.117%	$243K	$156K	5x	as long as short