Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.071%

Price spread now: Aevo against BloFin+0.023%53s7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. Aevo is 0.023% dearer against BloFin than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 53 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	BloFin ONDO-USDT	0.4396	0.0340	pay 0.0170% / 4h	1h 39m	$3.1M	$3.0M	75x
Short	Aevo ONDO-PERP	0.4397	0.0104	get 0.0013% / 1h	39m 50s	$38K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now +0.023%Rate

Funding earned: −$49.56
Price spread: +0.023% → 0.000%: $2.27
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$75.29
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.13 bp	7.1 bp −$7	11.5 bp −$115	34.3 bp −$3,426	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
dYdX ONDO-USD	0.0000%	1h	0.4392	−0.082%	$249K	$129K	5x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4394	−0.051%	$6K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+3.913%	$888	$216K	5.5x	as long as short
Kraken Futures PF_ONDOUSD	+0.0061%	1h	0.4394	−0.042%	$2.6M	$8.1M	50x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4394	−0.045%	$24K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4396	−0.006%	$372K	$837K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4396	+0.003%	$63.8M	$225.8M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4394	−0.045%	$69.3M	$122.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4397	+0.023%	$17.0M	$71.9M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4395	−0.018%	$72K	$86K	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	0.4398	+0.057%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4393	−0.068%	$11.6M	$16.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4395	−0.023%	$47.2M	$41.2M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4395	−0.023%	$12.9M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4396	0.000%	$25.1M	$39.7M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4394	−0.045%	—	$21.9M	—	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4395	−0.031%	$711K	$1.8M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4405	+0.197%	$5K	$318K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4410	+0.307%	$407K	$983K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4405	+0.205%	$135K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4401	+0.105%	$70K	$1.3M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4399	+0.068%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4396	0.000%	$457	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4405	+0.205%	$130K	$476K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4396	0.000%	$4.2M	$7.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0103%	8h	0.4398	+0.036%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4394	−0.039%	$398K	$789K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4397	+0.023%	$38K	$13K	3x
Aster ONDOUSDT	+0.0123%	4h	0.4399	+0.080%	$711K	$2.3M	20x	as long as short
Hyperliquid ONDO	+0.0135%	1h	0.4398	+0.048%	$38.2M	$24.4M	10x	as long as short
Backpack ONDO_USDC_PERP	+0.0182%	1h	0.4396	+0.011%	$190K	$980K	15x	as long as short
Phoenix ONDO	+0.0272%	1h	0.4410	+0.321%	$35K	$225K	10x	as long as short
BloFin ONDO-USDTlong	+0.0340%	4h	0.4396	long leg	$3.1M	$3.0M	75x
Coinbase International ONDO-PERP-INTX	+0.0360%	1h	0.4400	+0.091%	$282K	$702K	50x	as long as short
01 Exchange ONDOUSD	+0.0368%	1h	0.4405	+0.193%	$362	$2K	10x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0433%	1h	0.4396	0.000%	$23K	$349K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0550% / S −0.0190%	1h	0.4392	−0.084%	$484K	—	100x	as long as short
Lighter ONDO	+0.0872%	1h	0.4402	+0.143%	$1.4M	$2.1M	10x	as long as short
Reya ONDORUSDPERP	+0.1149%	1h	0.4395	−0.013%	$2K	—	20x	as long as short