Settings8H · net · $10k
Funding arb · Price arb /

ONDO

all ONDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Aster−0.341%112s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.388% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.406%+$41 on $10k
Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.341%, 7d avg −0.021%
Together, before fees+0.636%+ Points / potential airdropAster: Stage 5 · farm board+$64 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.320% cheaper against Aster than usual: you would sell low and buy high (spread −0.341% now, against its 7-day average of −0.021%). If the spread goes back, that is −$32 on $10k: about 8.7 days of funding at the current rate (+$4 a day). The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ONDOUSDT0.43930.0218pay 0.0109% / 4h3m 23s$760K$2.5M20x
ShortBloFin ONDO-USDT0.43780.0340get 0.0170% / 4h3m 23s$3.1M$3.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$25.71
Price spread: −0.341% → −0.021%
−$32.03
Slippage, 4 orders
−$18.81
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$45.12
Costs to cover
0.388%
Break-even
19.3 days
Slippage from Aster: live order book, 5 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago1.14 bp6.9 bp −$742.0 bp −$420doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago3.42 bp10.9 bp −$1111.6 bp −$11632.7 bp −$3,275doesn't fit

ONDO on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ONDO/USDL +0.0003% / S −0.0011%1h0.4390−0.059%$7K150xas long as short
Kraken Futures PF_ONDOUSD+0.0033%1h0.4385−0.174%$2.6M$7.8M50xas long as short
Injective ONDO/USDC PERP+0.0033%1h0.4568+3.984%$888$216K5.5xas long as short
Lighter ONDO+0.0096%1h0.4395+0.050%$1.1M$2.4M10xas long as short
Orderly PERP_ONDO_USDC+0.0100%4h0.4391−0.046%$24K$6K10xas long as short
Nado ONDO-PERP+0.0100%1h0.4391−0.034%$363K$847K10xas long as short
Binance ONDOUSDT+0.0100%4h0.43930.000%$63.5M$230.8M75xas long as short
Bybit ONDOUSDT+0.0100%4h0.4391−0.046%$68.0M$126.2M50xas long as short
OKX ONDO-USDT-SWAP+0.0100%4h0.43930.000%$17.1M$73.2M50xas long as short
Ondo Perps ONDO-USD.P+0.0100%1h0.4386−0.153%$72K$84K10xas long as short
Show all 39 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx ONDO/USDC+0.0100%1h0.4391−0.043%5xas long as short
Gate ONDO_USDT+0.0100%4h0.4391−0.046%$11.6M$16.4M50xas long as short
MEXC ONDO_USDT+0.0100%4h0.43930.000%$44.6M$42.1M200xas long as short
KuCoin ONDOUSDTM+0.0100%4h0.4392−0.023%$12.7M$10.6M50xas long as short
Bitget ONDOUSDT+0.0100%4h0.43930.000%$25.2M$39.8M50xas long as short
BingX ONDO-USDC+0.0100%4h0.43930.000%$762Kas long as short
Backpack ONDO_USDC_PERP+0.0100%1h0.4389−0.082%$186K$981K15xas long as short
Variational Omni ONDO+0.0100%4h0.4374−0.439%$710K$1.7Mas long as short
edgeX ONDOUSDC+0.0100%4h0.4375−0.403%$4K$317K20xas long as short
GRVT ONDO_USDT_Perp+0.0100%4h0.4381−0.273%$408K$1.1M10xas long as short
ApeX Omni ONDOUSDT+0.0100%1h0.4375−0.410%$135K$354K50xas long as short
Polymarket Perps ONDO-USD+0.0100%1h0.4392−0.014%$79K$1.4M10xas long as short
SunX ONDO-USDT+0.0100%4h0.4374−0.433%$1.4M20xas long as short
SoDEX ONDO-USD+0.0100%1h0.4386−0.159%$456$13K10xas long as short
HTX ONDO-USDT+0.0100%4h0.4389−0.091%$127K$435K50xas long as short
Phemex ONDOUSDT+0.0100%4h0.4384−0.205%$4.3M$7.8M50xas long as short
Paradex ONDO-USD-PERP+0.0102%8h0.4393+0.004%$6K10xas long as short
Extended ONDO-USD+0.0104%1h0.4391−0.040%$395K$798K25xas long as short
Aevo ONDO-PERP+0.0104%1h0.4386−0.157%$38K$13K3xas long as short
Hyperliquid ONDO+0.0139%1h0.4396+0.075%$37.8M$24.7M10xas long as short
dYdX ONDO-USD+0.0211%1h0.4387−0.141%$248K$129K5xas long as short
01 Exchange ONDOUSD+0.0216%1h0.4393+0.005%$362$2K10xas long as short
Aster ONDOUSDTlong+0.0218%4h0.4393long leg$760K$2.5M20x
Coinbase International ONDO-PERP-INTX+0.0328%1h0.4378−0.341%$270K$727K50xas long as short
BloFin ONDO-USDTshort+0.0340%4h0.4378−0.341%$3.1M$3.0M75x
Phoenix ONDO+0.0365%1h0.4379−0.319%$35K$223K10xas long as short
Deribit ONDO_USDC-PERPETUAL+0.0435%1h0.4385−0.182%$18K$367K25xas long as short
GMX ONDO/USD [ETH-USDC]L +0.0607% / S −0.0219%1h0.4391−0.055%$522K100xas long as short
Reya ONDORUSDPERP+0.1153%1h0.4393−0.006%$2K20xas long as short