Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Aevo−1.002%72s7-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 edgeX

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—+ Points / potential airdropedgeX: 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: edgeX is 1.002% cheaper against Aevo than usual: you would sell low and buy high, −$100 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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	0.4356	0.0104	pay 0.0013% / 1h	22m 15s	$38K	$13K	3x
Short	edgeX ONDOUSDC	0.4313	0.0100	get 0.0050% / 4h	3h 22m	$5K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −1.002%Rate

Funding earned: −$0.84
Price spread: −1.002% → 0.000%: −$100.21
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$126.05
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 11 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 edgeX live order book, 11 min ago	4.63 bp	9.1 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit

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	0.4355	−0.037%	$2.5M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4346	−0.235%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.861%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4356	−0.010%	$1.1M	$2.4M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4353	−0.074%	$343K	$889K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4356	−0.015%	$766K	$2.8M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4354	−0.058%	$63.5M	$232.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4350	−0.143%	$68.0M	$121.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4354	−0.051%	$17.4M	$71.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4309	−1.087%	$71K	$79K	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	0.4354	−0.044%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4351	−0.120%	$13.4M	$15.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4351	−0.120%	$43.7M	$42.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4351	−0.120%	$12.2M	$10.2M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4356	−0.006%	$25.2M	$36.3M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4352	−0.097%	—	$779K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4351	−0.123%	$181K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4300	−1.299%	$676K	$1.8M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4313	−1.002%	$5K	$316K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4314	−0.970%	$400K	$1.7M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4310	−1.061%	$133K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4351	−0.127%	$60K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4354	−0.051%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4356	−0.006%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4356	−0.006%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4357	+0.017%	$129K	$368K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4353	−0.074%	$4.3M	$9.1M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4354	−0.054%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4355	−0.019%	$361K	$824K	25x	as long as short
Aevo ONDO-PERPlong	+0.0104%	1h	0.4356	long leg	$38K	$13K	3x
Deribit ONDO_USDC-PERPETUAL	+0.0209%	1h	0.4356	−0.006%	$28K	$360K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0256%	1h	0.4340	−0.373%	$214K	$715K	50x	as long as short
01 Exchange ONDOUSD	+0.0272%	1h	0.4356	−0.015%	$358	$2K	10x	as long as short
Phoenix ONDO	+0.0277%	1h	0.4330	−0.605%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4348	−0.189%	$3.2M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0479%	1h	0.4355	−0.024%	$36.5M	$27.6M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0583% / S −0.0208%	1h	0.4348	−0.185%	$503K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1163%	1h	0.4352	−0.102%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3436%	1h	0.4351	−0.128%	$249K	$159K	5x	as long as short