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: MEXC against Aster−0.029%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.029%, 7d avg −0.058%

Together, before fees−0.106%+ Points / potential airdropAster: Stage 5 · farm board−$11 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: MEXC is 0.028% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.058%.

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	57m 57s	$726K	$2.1M	20x
Short	MEXC ONDO_USDT	0.4589	0.0100	get 0.0050% / 4h	57m 57s	$49.6M	$43.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.058%: $2.83
Slippage, 4 orders: −$16.16
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$21.33
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; MEXC: live order book, 6 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	2.18 bp	11.5 bp −$11	45.8 bp −$458	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	1.09 bp	3.2 bp −$3	6.1 bp −$61	21.8 bp −$2,176	123.2 bp −$61.6K

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	−0.0795%	1h	0.4586	−0.098%	$2.8M	$7.9M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	−0.487%	$888	$216K	5.5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4587	−0.068%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4588	−0.051%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4591	+0.009%	$432K	$708K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4590	long leg	$726K	$2.1M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4589	−0.022%	$68.4M	$227.1M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4587	−0.073%	$74.4M	$122.5M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4587	−0.073%	$17.9M	$81.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4585	−0.112%	$75K	$89K	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	0.4587	−0.076%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4585	−0.116%	$12.1M	$17.9M	50x	as long as short
MEXC ONDO_USDTshort	+0.0100%	4h	0.4589	−0.029%	$49.6M	$43.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4588	−0.051%	$13.8M	$11.0M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4588	−0.051%	$26.0M	$41.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4587	−0.073%	—	$22.2M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4576	−0.315%	$790K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4587	−0.080%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4588	−0.051%	$423K	$947K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4589	−0.029%	$164K	$307K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4593	+0.053%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4590	−0.008%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4588	−0.051%	$477	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4596	+0.123%	$134K	$505K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4588	−0.051%	$4.8M	$6.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4588	−0.061%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4587	−0.071%	$409K	$855K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4572	−0.401%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0142%	1h	0.4591	+0.016%	$38K	$217K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0186%	1h	0.4589	−0.029%	$36K	$436K	25x	as long as short
Hyperliquid ONDO	+0.0205%	1h	0.4592	+0.036%	$40.7M	$26.9M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0283%	1h	0.4589	−0.023%	$231K	$1.0M	15x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4588	−0.051%	$301K	$861K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4590	−0.008%	$3.3M	$3.2M	75x	as long as short
01 Exchange ONDOUSD	+0.0440%	1h	0.4594	+0.075%	$378	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0589% / S −0.0188%	1h	0.4587	−0.079%	$548K	—	100x	as long as short
Lighter ONDO	+0.0784%	1h	0.4598	+0.165%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1142%	1h	0.4591	+0.010%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.6583%	1h	0.4580	−0.218%	$259K	$129K	5x	as long as short