Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Aster−0.133%69s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$400.395% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.324%+$32 · spread now −0.133%, 7d avg −0.014%

Together, before fees+0.323%+ Points / potential airdropAster: Stage 5 · farm board+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.119% cheaper against Aster than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 69 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	Aster ONDOUSDT	0.4527	0.0100	pay 0.0050% / 4h	2h 36m	$758K	$2.0M	20x
Short	ApeX Omni ONDOUSDT	0.4521	0.0100	get 0.0013% / 1h	36m 22s	$159K	$330K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → −0.014%: −$11.9
Slippage, 4 orders: −$21.55
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$51.45
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; ApeX Omni: live order book, 51 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 Aster live order book, 2 min ago	1.10 bp	10.4 bp −$10	39.6 bp −$396	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	3.32 bp	10.6 bp −$11	25.3 bp −$253	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
Kraken Futures PF_ONDOUSD	−0.1121%	1h	0.4536	+0.203%	$3.0M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4521	−0.139%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4521	−0.137%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4522	−0.110%	$1K	$132K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4522	−0.110%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4526	−0.028%	$425K	$677K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4527	long leg	$758K	$2.0M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4523	−0.096%	$66.5M	$219.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4521	−0.133%	$73.4M	$117.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4523	−0.088%	$17.7M	$79.9M	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	0.4513	−0.305%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4522	−0.105%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4523	−0.088%	$11.8M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4522	−0.110%	$47.7M	$45.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4523	−0.088%	$13.8M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4524	−0.066%	$25.5M	$41.1M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4522	−0.110%	—	$745K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4537	+0.225%	$196K	$970K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4520	−0.165%	$797K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4518	−0.199%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4523	−0.090%	$417K	$936K	10x	as long as short
ApeX Omni ONDOUSDTshort	+0.0100%	1h	0.4521	−0.133%	$159K	$330K	50x
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4525	−0.044%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4536	+0.199%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4535	+0.177%	$471	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4544	+0.376%	$126K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4534	+0.155%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4522	−0.120%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4522	−0.121%	$404K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4537	+0.228%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0148%	1h	0.4527	+0.009%	$40.7M	$27.5M	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0191%	1h	0.4538	+0.243%	$29K	$354K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4534	+0.155%	$305K	$841K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4530	+0.066%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0432%	1h	0.4526	−0.022%	$372	$2K	10x	as long as short
Lighter ONDO	+0.0512%	1h	0.4533	+0.126%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0618% / S −0.0203%	1h	0.4521	−0.138%	$562K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4524	−0.076%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.9907%	1h	0.4528	+0.025%	$256K	$123K	5x	as long as short