Funding arb · Price arb /

ONDO

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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 edgeX+0.583%50s7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.361% of the position

Long on edgeX 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 3 days (all we have)−0.726%−$73 · spread now +0.583%, 7d avg +0.050%

Together, before fees−0.666%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$67 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 0.534% dearer against edgeX than usual: you sell high and buy low, +$53 on $10k if it goes back to its 7-day average of +0.050%. The two prices were read 50 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	0.4510	0.0100	pay 0.0050% / 4h	1h 54m	$5K	$317K	20x
Short	Aster ONDOUSDT	0.4536	0.0100	get 0.0050% / 4h	1h 54m	$759K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.583%Rate

Funding earned: $0
Price spread: +0.583% → +0.050%: $53.35
Slippage, 4 orders: −$19.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $17.22
Costs to cover: 0.361%
Break-even: from the start

Slippage from edgeX: live order book, 28 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 edgeX live order book, 28 min ago	4.42 bp	8.9 bp −$9	15.6 bp −$156	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.11 bp	7.9 bp −$8	31.5 bp −$315	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	−0.0355%	1h	0.4530	+0.451%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4535	+0.561%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4532	+0.504%	$6K	—	150x	as long as short
Phoenix ONDO	+0.0018%	1h	0.4524	+0.324%	$29K	$219K	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4532	+0.495%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4536	+0.595%	$426K	$682K	10x	as long as short
Aster ONDOUSDTshort	+0.0100%	4h	0.4536	+0.583%	$759K	$2.0M	20x
Binance ONDOUSDT	+0.0100%	4h	0.4535	+0.561%	$66.8M	$220.4M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4533	+0.517%	$73.5M	$118.1M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4534	+0.539%	$17.7M	$80.1M	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	0.4515	+0.127%	$73K	$85K	10x	as long as short
RISEx ONDO/USDC	+0.0100%	1h	0.4534	+0.549%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4532	+0.495%	$11.8M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4532	+0.495%	$47.4M	$43.9M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4532	+0.495%	$13.5M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4535	+0.561%	$25.6M	$41.2M	50x	as long as short
BingX ONDO-USDC	+0.0100%	4h	0.4532	+0.495%	—	$744K	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4531	+0.473%	$195K	$972K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4531	+0.475%	$793K	$2.0M	—	as long as short
edgeX ONDOUSDClong	+0.0100%	4h	0.4510	long leg	$5K	$317K	20x
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4525	+0.338%	$427K	$937K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4537	+0.601%	$81K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4536	+0.583%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4534	+0.539%	$471	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4540	+0.672%	$130K	$510K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4531	+0.473%	$4.7M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4535	+0.552%	$7K	$9	10x	as long as short
Extended ONDO-USD	+0.0104%	1h	0.4532	+0.489%	$403K	$856K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4536	+0.583%	$44K	$8K	3x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4503	−0.148%	$1K	$181K	5.5x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4538	+0.628%	$300K	$847K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4533	+0.517%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0384%	1h	0.4540	+0.668%	$374	$2K	10x	as long as short
ApeX Omni ONDOUSDT	+0.0387%	1h	0.4526	+0.362%	$160K	$333K	50x	as long as short
Lighter ONDO	+0.0576%	1h	0.4543	+0.739%	$1.4M	$2.1M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0591% / S −0.0191%	1h	0.4533	+0.506%	$546K	—	100x	as long as short
Hyperliquid ONDO	+0.0681%	1h	0.4540	+0.670%	$40.6M	$27.3M	10x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4537	+0.598%	$2K	—	20x	as long as short
dYdX ONDO-USD	+0.1244%	1h	0.4534	+0.540%	$257K	$130K	5x	as long as short