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 −0.003%

Price spread now: Gate against Aster−0.153%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.153%, 7d avg −0.085%

Together, before fees+0.021%+ Points / potential airdropAster: Stage 5 · farm board+$2 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: Gate is 0.068% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ONDOUSDT	0.4590	0.0100	pay 0.0050% / 4h	1h 01m	$726K	$2.1M	20x
Short	Gate ONDO_USDT	0.4583	0.0100	get 0.0050% / 4h	1h 01m	$12.0M	$18.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → −0.085%: −$6.76
Slippage, 4 orders: −$35.58
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.35
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Gate: live order book, 2 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	2.18 bp	11.5 bp −$11	45.8 bp −$458	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.18 bp	19.6 bp −$20	38.4 bp −$384	46.8 bp −$4,680	76.2 bp −$38.1K

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	−0.0351%	1h	0.4583	−0.143%	$2.8M	$7.9M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4587	−0.062%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4586	−0.087%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4593	+0.071%	$433K	$707K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4590	long leg	$726K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4586	−0.090%	$68.1M	$227.0M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4584	−0.131%	$74.3M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4584	−0.131%	$17.9M	$81.7M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4578	−0.266%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4590	−0.008%	—	—	5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ONDO_USDTshort	+0.0100%	4h	0.4583	−0.153%	$12.0M	$18.8M	50x
MEXC ONDO_USDT	+0.0100%	4h	0.4585	−0.109%	$48.9M	$45.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4584	−0.131%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4586	−0.087%	$26.1M	$41.5M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4585	−0.109%	—	$743K	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4563	−0.591%	$785K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4570	−0.443%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4570	−0.436%	$421K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4561	−0.632%	$163K	$318K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4594	+0.085%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4589	−0.022%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4587	−0.065%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4601	+0.240%	$134K	$506K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4587	−0.065%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4583	−0.155%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4584	−0.128%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4590	−0.005%	$45K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4573	−0.368%	$38K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4568	−0.479%	$888	$216K	5.5x	as long as short
Backpack ONDO_USDC_PERP	+0.0154%	1h	0.4587	−0.072%	$231K	$1.0M	15x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0186%	1h	0.4587	−0.065%	$36K	$436K	25x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4587	−0.065%	$301K	$861K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4587	−0.065%	$3.3M	$3.2M	75x	as long as short
Hyperliquid ONDO	+0.0364%	1h	0.4589	−0.026%	$40.7M	$26.9M	10x	as long as short
01 Exchange ONDOUSD	+0.0392%	1h	0.4597	+0.142%	$378	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0588% / S −0.0187%	1h	0.4587	−0.076%	$547K	—	100x	as long as short
Lighter ONDO	+0.0744%	1h	0.4594	+0.089%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4592	+0.035%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.5932%	1h	0.4586	−0.095%	$259K	$129K	5x	as long as short