Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0086%/8h= −9.5% APRpaid last 24h —

Price spread now: RISEx against Aster+0.003%55s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 55 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	0.4422	0.0186	pay 0.0093% / 4h	1h 13m	$712K	$2.3M	20x
Short	RISEx ONDO/USDC	0.4422	0.0100	get 0.0013% / 1h	13m 47s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$18.14
Price spread: +0.003% → 0.000%: $0.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$31.82
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; RISEx: no order-book sample. Net counts fees only.

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	1.13 bp	7.2 bp −$7	44.5 bp −$445	doesn't fit	doesn't fit
Sell RISEx no order-book sample	—	—	—	—	—

RISEx: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX ONDO-USD	+0.0001%	1h	0.4418	−0.092%	$250K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4420	−0.054%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.298%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4420	−0.052%	$2.6M	$8.2M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4419	−0.072%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4424	+0.041%	$374K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4421	−0.032%	$64.3M	$225.6M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4418	−0.094%	$70.0M	$122.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4420	−0.049%	$17.1M	$71.8M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4426	+0.080%	$73K	$88K	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/USDCshort	+0.0100%	1h	0.4422	+0.003%	—	—	5x
Gate ONDO_USDT	+0.0100%	4h	0.4418	−0.094%	$11.7M	$16.2M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4420	−0.049%	$47.1M	$41.6M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4419	−0.072%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4419	−0.072%	$25.3M	$39.5M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4420	−0.049%	—	$21.8M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4430	+0.169%	$718K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4435	+0.290%	$5K	$317K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4435	+0.300%	$414K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4436	+0.313%	$136K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4424	+0.032%	$68K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4422	−0.004%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4422	−0.004%	$460	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4431	+0.200%	$130K	$474K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4423	+0.019%	$4.2M	$7.7M	50x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4418	−0.087%	$400K	$792K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4422	−0.004%	$38K	$13K	3x	as long as short
Paradex ONDO-USD-PERP	+0.0104%	8h	0.4418	−0.100%	$6K	—	10x	as long as short
Hyperliquid ONDO	+0.0145%	1h	0.4420	−0.038%	$38.3M	$24.3M	10x	as long as short
Aster ONDOUSDTlong	+0.0186%	4h	0.4422	long leg	$712K	$2.3M	20x
Backpack ONDO_USDC_PERP	+0.0193%	1h	0.4423	+0.014%	$192K	$979K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4440	+0.405%	$35K	$225K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4431	+0.200%	$3.1M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0352%	1h	0.4426	+0.082%	$364	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4422	−0.004%	$281K	$727K	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0429%	1h	0.4422	−0.004%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0552% / S −0.0190%	1h	0.4419	−0.062%	$488K	—	100x	as long as short
Lighter ONDO	+0.0848%	1h	0.4426	+0.096%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1150%	1h	0.4422	−0.011%	$2K	—	20x	as long as short