Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h 0.000%

Price spread now: Aster against ApeX Omni+0.686%119s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.331% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.878%−$88 · spread now +0.686%, 7d avg −0.002%

Together, before fees−0.877%+ Points / potential airdropAster: Stage 5 · farm board−$88 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.688% dearer against ApeX Omni than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 119 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	ApeX Omni ONDOUSDT	0.4373	0.0100	pay 0.0013% / 1h	29m 42s	$135K	$354K	50x
Short	Aster ONDOUSDT	0.4403	0.0237	get 0.0119% / 4h	29m 42s	$743K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.686%Rate

Funding earned: $28.78
Price spread: +0.686% → −0.002%: $68.76
Slippage, 4 orders: −$15.11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $64.42
Costs to cover: 0.331%
Break-even: from the start

Slippage from ApeX Omni: live order book, 28 min ago; Aster: live order book, 4 min ago.

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 ApeX Omni live order book, 28 min ago	2.28 bp	7.6 bp −$8	30.9 bp −$309	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.14 bp	8.3 bp −$8	37.9 bp −$379	doesn't fit	doesn't fit

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	0.4396	+0.523%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4398	+0.578%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.459%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4406	+0.761%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4397	+0.549%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4397	+0.555%	$370K	$852K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4404	+0.702%	$37.6M	$24.6M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4401	+0.638%	$63.6M	$230.7M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4400	+0.617%	$68.2M	$126.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4402	+0.663%	$17.1M	$73.4M	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	0.4383	+0.231%	$72K	$84K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4400	+0.624%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4401	+0.640%	$11.6M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4402	+0.663%	$44.4M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4403	+0.686%	$12.8M	$10.7M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4401	+0.640%	$25.2M	$39.9M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4401	+0.640%	—	$765K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4410	+0.848%	$188K	$979K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4387	+0.314%	$712K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4389	+0.368%	$4K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4391	+0.412%	$411K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDTlong	+0.0100%	1h	0.4373	long leg	$135K	$354K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4397	+0.547%	$67K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4399	+0.595%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4400	+0.617%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4407	+0.777%	$128K	$435K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4403	+0.686%	$4.2M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0102%	8h	0.4402	+0.660%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4401	+0.631%	$397K	$798K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4401	+0.639%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0224%	1h	0.4401	+0.645%	$362	$2K	10x	as long as short
Aster ONDOUSDTshort	+0.0237%	4h	0.4403	+0.686%	$743K	$2.4M	20x
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4399	+0.595%	$272K	$730K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4394	+0.480%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4380	+0.162%	$35K	$223K	10x	as long as short
dYdX ONDO-USD	+0.0394%	1h	0.4400	+0.622%	$249K	$129K	5x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0432%	1h	0.4400	+0.617%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4396	+0.522%	$485K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4395	+0.514%	$2K	—	20x	as long as short