Funding arb · Price arb /

ONDO

all ONDO markets

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: Aster against Binance+0.081%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Binance Short on Aster

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)−0.085%−$9 · spread now +0.081%, 7d avg +0.036%

Together, before fees−0.025%+ Points / potential airdropAster: Stage 5 · farm board−$3 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: Aster is 0.045% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ONDOUSDT	0.4543	0.0100	pay 0.0050% / 4h	34m 31s	$68.0M	$228.3M	75x
Short	Aster ONDOUSDT	0.4547	0.0100	get 0.0050% / 4h	34m 31s	$721K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.036%: $4.49
Slippage, 4 orders: −$16.72
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.23
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Aster: live order book, 4 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 Binance live order book, 9 min ago	1.10 bp	7.7 bp −$8	13.4 bp −$134	53.8 bp −$5,383	doesn't fit
Sell Aster live order book, 4 min ago	1.10 bp	9.8 bp −$10	33.5 bp −$335	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	−0.0802%	1h	0.4547	+0.076%	$2.8M	$8.1M	50x	as long as short
Injective ONDO/USDC PERP	−0.0545%	1h	0.4568	+0.540%	$888	$216K	5.5x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4547	+0.078%	$36K	$436K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4547	+0.085%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4546	+0.056%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4541	−0.049%	$437K	$710K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4547	+0.081%	$721K	$2.1M	20x
Binance ONDOUSDTlong	+0.0100%	4h	0.4543	long leg	$68.0M	$228.3M	75x
Bybit ONDOUSDT	+0.0100%	4h	0.4542	−0.032%	$73.6M	$123.2M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4542	−0.032%	$17.7M	$80.9M	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	0.4544	+0.014%	$74K	$89K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4544	+0.011%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4544	+0.012%	$11.9M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4547	+0.078%	$49.2M	$43.4M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4548	+0.100%	$14.0M	$11.1M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4543	−0.010%	$25.7M	$41.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4546	+0.056%	—	$22.3M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4549	+0.129%	$229K	$1.0M	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4545	+0.033%	$780K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4551	+0.164%	$5K	$319K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4551	+0.166%	$420K	$960K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4553	+0.210%	$173K	$312K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4545	+0.036%	$69K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4551	+0.166%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4547	+0.078%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4559	+0.342%	$133K	$504K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4548	+0.100%	$4.6M	$6.8M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0101%	8h	0.4546	+0.055%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4544	+0.017%	$407K	$843K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4550	+0.144%	$44K	$8K	3x	as long as short
Phoenix ONDO	+0.0244%	1h	0.4555	+0.245%	$38K	$257K	10x	as long as short
Hyperliquid ONDO	+0.0247%	1h	0.4549	+0.120%	$40.3M	$26.6M	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0304%	1h	0.4548	+0.100%	$297K	$850K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4547	+0.078%	$3.3M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0376%	1h	0.4548	+0.091%	$374	$2K	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0586% / S −0.0188%	1h	0.4547	+0.080%	$543K	—	100x	as long as short
Lighter ONDO	+0.0824%	1h	0.4556	+0.267%	$1.5M	$2.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1143%	1h	0.4542	−0.033%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.4379%	1h	0.4546	+0.061%	$257K	$132K	5x	as long as short