Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Bitget−0.013%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ONDOUSDT	0.4390	0.0100	pay 0.0050% / 4h	53m 46s	$25.1M	$39.5M	50x
Short	Aevo ONDO-PERP	0.4389	0.0104	get 0.0013% / 1h	53m 46s	$38K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.013%Rate

Funding earned: $0.84
Price spread: −0.013% → 0.000%: −$1.25
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$28.41
Costs to cover: 0.280%
Break-even: 243.8 days

Slippage unknown: Bitget: live order book, 5 min ago; Aevo: 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 Bitget live order book, 5 min ago	2.28 bp	11.6 bp −$12	20.4 bp −$204	81.0 bp −$8,098	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4389	−0.024%	$7K	—	150x	as long as short
dYdX ONDO-USD	+0.0028%	1h	0.4390	+0.009%	$248K	$129K	5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0033%	1h	0.4390	+0.009%	$2.6M	$8.0M	50x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.055%	$888	$216K	5.5x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4388	−0.046%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4391	+0.034%	$372K	$841K	10x	as long as short
Hyperliquid ONDO	+0.0100%	1h	0.4392	+0.055%	$37.8M	$24.4M	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4391	+0.023%	$63.4M	$227.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4390	0.000%	$69.5M	$123.7M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4390	0.000%	$17.0M	$71.6M	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	0.4399	+0.203%	$72K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4390	+0.006%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4389	−0.023%	$11.6M	$16.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4390	0.000%	$47.5M	$41.0M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4392	+0.046%	$12.9M	$10.7M	50x	as long as short
Bitget ONDOUSDTlong	+0.0100%	4h	0.4390	long leg	$25.1M	$39.5M	50x
BingX ONDO-USDT	+0.0100%	4h	0.4391	+0.023%	—	$21.8M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4393	+0.064%	$189K	$981K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4390	−0.005%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4370	−0.457%	$4K	$315K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4383	−0.169%	$413K	$1.0M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4365	−0.569%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4392	+0.052%	$67K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4389	−0.023%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4391	+0.023%	$456	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4399	+0.205%	$128K	$477K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4391	+0.023%	$4.2M	$7.7M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4391	+0.017%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4388	−0.037%	$397K	$793K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4389	−0.013%	$38K	$13K	3x
Aster ONDOUSDT	+0.0214%	4h	0.4395	+0.114%	$737K	$2.4M	20x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4385	−0.125%	$35K	$223K	10x	as long as short
01 Exchange ONDOUSD	+0.0288%	1h	0.4392	+0.057%	$362	$2K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0328%	1h	0.4394	+0.091%	$276K	$719K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4388	−0.046%	$3.2M	$2.9M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0434%	1h	0.4392	+0.046%	$23K	$346K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4389	−0.027%	$484K	—	100x	as long as short
Lighter ONDO	+0.0672%	1h	0.4399	+0.205%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1151%	1h	0.4392	+0.034%	$2K	—	20x	as long as short