Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against edgeX+0.153%72s7-day average — · you sell dearer than you buy

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.153% dearer against edgeX than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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	edgeX ONDOUSDC	0.4329	0.0100	pay 0.0050% / 4h	1h 58m	$5K	$318K	20x
Short	Aevo ONDO-PERP	0.4336	0.0104	get 0.0013% / 1h	58m 17s	$38K	$13K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now +0.153%Rate

Funding earned: $0.84
Price spread: +0.153% → 0.000%: $15.28
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.88
Costs to cover: 0.250%
Break-even: 81.0 days

Slippage unknown: edgeX: live order book, 52 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 edgeX live order book, 52 min ago	4.62 bp	9.6 bp −$10	17.3 bp −$173	doesn't fit	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 exchanges

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	−0.0324%	1h	0.4333	+0.089%	$2.6M	$7.3M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4334	+0.107%	$21K	$368K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4329	−0.018%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+5.512%	$888	$215K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4342	+0.287%	$1.1M	$2.3M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0099%	4h	0.4333	+0.084%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4334	+0.107%	$338K	$821K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4336	+0.153%	$772K	$2.9M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4335	+0.130%	$63.2M	$222.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4331	+0.037%	$67.9M	$116.9M	50x	as long as short

Show all 39 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4334	+0.107%	$17.3M	$67.5M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4329	−0.011%	$71K	$76K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4334	+0.111%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4333	+0.084%	$13.8M	$13.1M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4334	+0.107%	$46.3M	$39.8M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4334	+0.107%	$13.1M	$9.6M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4335	+0.130%	$25.3M	$33.4M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4334	+0.107%	—	$23.0M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4335	+0.139%	$180K	$990K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4324	−0.113%	$799K	$1.8M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4329	long leg	$5K	$318K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4344	+0.337%	$405K	$1.9M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4327	−0.055%	$133K	$319K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4336	+0.153%	$60K	$1.2M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4334	+0.107%	—	$1.3M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4335	+0.130%	$2K	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4343	+0.315%	$106K	$478K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4336	+0.153%	$4.2M	$8.6M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4333	+0.092%	$6K	—	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4333	+0.085%	$355K	$779K	25x	as long as short
Aevo ONDO-PERPshort	+0.0104%	1h	0.4336	+0.153%	$38K	$13K	3x
01 Exchange ONDOUSD	+0.0208%	1h	0.4335	+0.141%	$357	$2K	10x	as long as short
Phoenix ONDO	+0.0219%	1h	0.4334	+0.097%	$35K	$207K	10x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4353	+0.545%	$214K	$619K	50x	as long as short
Hyperliquid ONDO	+0.0301%	1h	0.4339	+0.227%	$36.6M	$26.7M	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4336	+0.153%	$3.2M	$2.9M	75x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0571% / S −0.0203%	1h	0.4335	+0.119%	$496K	—	100x	as long as short
Reya ONDORUSDPERP	+0.1166%	1h	0.4333	+0.080%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.3356%	1h	0.4336	+0.153%	$248K	$159K	5x	as long as short