Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Aster+0.022%50s7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as 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−$380.375% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 3 days (all we have)+0.121%+$12 · spread now +0.022%, 7d avg −0.050%

Together, before fees+0.062%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$6 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: edgeX is 0.071% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.050%. The two prices were read 50 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	0.4521	0.0100	pay 0.0050% / 4h	2h 38m	$757K	$2.0M	20x
Short	edgeX ONDOUSDC	0.4522	0.0100	get 0.0050% / 4h	2h 38m	$5K	$317K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.050%: $7.15
Slippage, 4 orders: −$20.55
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$30.4
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; edgeX: live order book, 49 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, 5 min ago	1.11 bp	9.1 bp −$9	42.5 bp −$425	doesn't fit	doesn't fit
Sell edgeX live order book, 49 min ago	5.55 bp	10.0 bp −$10	19.1 bp −$191	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	−0.1126%	1h	0.4518	−0.061%	$3.0M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4518	−0.067%	$29K	$354K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4519	−0.055%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4524	+0.061%	$29K	$222K	10x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4416	−2.323%	$994	$82K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4518	−0.067%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4513	−0.166%	$426K	$674K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4521	long leg	$757K	$2.0M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4523	+0.037%	$66.6M	$219.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4522	+0.022%	$73.4M	$117.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4523	+0.044%	$17.7M	$79.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4513	−0.173%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4512	−0.193%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4516	−0.111%	$11.8M	$18.7M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4522	+0.022%	$47.7M	$45.3M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4517	−0.089%	$13.9M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4518	−0.067%	$25.5M	$41.0M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4518	−0.067%	—	$22.8M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4517	−0.080%	$195K	$970K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4520	−0.033%	$797K	$2.0M	—	as long as short
edgeX ONDOUSDCshort	+0.0100%	4h	0.4522	+0.022%	$5K	$317K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4523	+0.043%	$417K	$936K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4521	−0.001%	$159K	$330K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4519	−0.049%	$80K	$1.0M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4515	−0.133%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4517	−0.089%	$469	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4520	−0.023%	$126K	$512K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4516	−0.111%	$4.8M	$6.2M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4513	−0.173%	$6K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4518	−0.067%	$404K	$987K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4520	−0.023%	$36K	—	3x	as long as short
Hyperliquid ONDO	+0.0117%	1h	0.4524	+0.075%	$40.7M	$27.5M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4530	+0.199%	$304K	$840K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4515	−0.133%	$3.2M	$3.0M	75x	as long as short
01 Exchange ONDOUSD	+0.0440%	1h	0.4516	−0.102%	$372	$2K	10x	as long as short
Lighter ONDO	+0.0480%	1h	0.4528	+0.157%	$1.4M	$2.2M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0618% / S −0.0203%	1h	0.4518	−0.057%	$562K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1138%	1h	0.4519	−0.034%	$2K	—	20x	as long as short
dYdX ONDO-USD	+1.0556%	1h	0.4519	−0.051%	$256K	$123K	5x	as long as short