Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.045%

Price spread now: 01 Exchange against Aster+0.002%54s7-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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—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: +$4 a day on $10k at the current rate. The two prices were read 54 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	0.4322	0.0100	pay 0.0050% / 4h	52m 36s	$775K	$2.7M	20x
Short	01 Exchange ONDOUSD	0.4322	0.0248	get 0.0031% / 1h	52m 36s	$356	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.002%Rate

Funding earned: $31.08
Price spread: +0.002% → 0.000%: $0.17
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $16.25
Costs to cover: 0.150%
Break-even: 3.3 days

Slippage unknown: Aster: live order book, 1 min ago; 01 Exchange: 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, 1 min ago	1.16 bp	6.5 bp −$6	45.8 bp −$458	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Kraken Futures PF_ONDOUSD	−0.0176%	1h	0.4317	−0.118%	$2.5M	$7.7M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4318	−0.096%	$18K	$351K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4317	−0.120%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.689%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4327	+0.106%	$1.1M	$2.3M	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4322	+0.003%	$347K	$887K	10x	as long as short
Aster ONDOUSDTlong	+0.0100%	4h	0.4322	long leg	$775K	$2.7M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4321	−0.022%	$62.5M	$233.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4317	−0.119%	$67.8M	$122.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4319	−0.072%	$17.3M	$71.8M	50x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4312	−0.230%	$71K	$80K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4320	−0.054%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4321	−0.026%	$12.7M	$15.8M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4319	−0.072%	$43.5M	$41.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4318	−0.096%	$12.0M	$10.4M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4320	−0.049%	$24.6M	$36.8M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4320	−0.049%	—	$23.1M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4321	−0.033%	$177K	$993K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4309	−0.311%	$727K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4320	−0.038%	$5K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4326	+0.098%	$398K	$1.5M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4320	−0.049%	$132K	$339K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4322	−0.005%	$61K	$1.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4316	−0.142%	$23K	$6K	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4317	−0.119%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4319	−0.072%	$449	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4327	+0.113%	$128K	$395K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4319	−0.072%	$4.2M	$8.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4319	−0.080%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4322	0.000%	$356K	$810K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4319	−0.072%	$37K	$13K	3x	as long as short
01 Exchange ONDOUSDshort	+0.0248%	1h	0.4322	+0.002%	$356	$2K	10x
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4328	+0.136%	$214K	$731K	50x	as long as short
Hyperliquid ONDO	+0.0288%	1h	0.4326	+0.094%	$36.4M	$27.1M	10x	as long as short
Phoenix ONDO	+0.0315%	1h	0.4320	−0.049%	$35K	$221K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4320	−0.049%	$3.1M	$3.2M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0572% / S −0.0203%	1h	0.4317	−0.128%	$494K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1159%	1h	0.4318	−0.103%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1598%	1h	0.4324	+0.050%	$243K	$156K	5x	as long as short