Funding arb · Price arb /

ONDO

all ONDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0110%/8h= −12.1% APRpaid last 24h +0.001%

Price spread now: Aevo against Aster+0.179%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Aevo

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aevo is 0.179% dearer against Aster than usual: you sell high and buy low (spread +0.179% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4378	0.0214	pay 0.0107% / 4h	4m 21s	$758K	$2.5M	20x
Short	Aevo ONDO-PERP	0.4386	0.0104	get 0.0013% / 1h	4m 21s	$38K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now +0.179%Rate

Funding earned: −$23.2
Price spread: +0.179% → 0.000%: $17.88
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$29.31
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 4 min ago; Aevo: 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 Aster live order book, 4 min ago	1.14 bp	6.9 bp −$7	42.0 bp −$420	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4381	+0.058%	$7K	—	150x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4385	+0.161%	$2.6M	$7.8M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.333%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4391	+0.288%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4382	+0.085%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4378	−0.006%	$362K	$847K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4383	+0.100%	$63.3M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4381	+0.062%	$67.8M	$126.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4383	+0.108%	$17.1M	$73.1M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4389	+0.254%	$72K	$84K	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	0.4378	−0.017%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4378	−0.006%	$11.5M	$16.4M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4380	+0.039%	$44.4M	$42.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4378	−0.006%	$12.7M	$10.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4384	+0.131%	$25.1M	$39.8M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4382	+0.085%	—	$764K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4375	−0.079%	$186K	$983K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4374	−0.104%	$710K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4381	+0.052%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4381	+0.062%	$408K	$1.1M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4380	+0.039%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4382	+0.087%	$79K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4374	−0.098%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4386	+0.176%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4389	+0.245%	$127K	$435K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4384	+0.131%	$4.3M	$7.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4373	−0.126%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4383	+0.102%	$395K	$798K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4386	+0.179%	$38K	$13K	3x
Hyperliquid ONDO	+0.0132%	1h	0.4385	+0.158%	$37.7M	$24.7M	10x	as long as short
Aster ONDOUSDTlong	+0.0214%	4h	0.4378	long leg	$758K	$2.5M	20x
dYdX ONDO-USD	+0.0215%	1h	0.4373	−0.116%	$247K	$129K	5x	as long as short
01 Exchange ONDOUSD	+0.0216%	1h	0.4378	−0.013%	$360	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4378	−0.006%	$270K	$727K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4378	−0.006%	$3.1M	$3.0M	75x	as long as short
Phoenix ONDO	+0.0365%	1h	0.4379	+0.016%	$35K	$223K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0435%	1h	0.4385	+0.153%	$18K	$367K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0606% / S −0.0219%	1h	0.4381	+0.070%	$520K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1152%	1h	0.4383	+0.102%	$2K	—	20x	as long as short