Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aevo against Extended−0.061%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: 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 0.061% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ONDO-USD	0.4551	0.0104	pay 0.0013% / 1h	43m 22s	$403K	$857K	25x
Short	Aevo ONDO-PERP	0.4548	0.0104	get 0.0013% / 1h	43m 22s	$44K	$8K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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 ExtendedbpFee AevobpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → 0.000%: −$6.14
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$27.14
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 40 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 Extended live order book, 40 min ago	3.32 bp	5.8 bp −$6	15.8 bp −$158	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 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	−0.0354%	1h	0.4544	−0.154%	$2.8M	$8.0M	50x	as long as short
Deribit ONDO_USDC-PERPETUAL	0.0000%	1h	0.4547	−0.094%	$19K	$364K	25x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0008%	1h	0.4550	−0.027%	$6K	—	150x	as long as short
Orderly PERP_ONDO_USDC	+0.0098%	4h	0.4551	−0.006%	$25K	$8K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4552	+0.016%	$427K	$680K	10x	as long as short
Aster ONDOUSDT	+0.0100%	4h	0.4552	+0.016%	$751K	$2.0M	20x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4553	+0.030%	$67.0M	$219.5M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4551	−0.006%	$73.7M	$117.8M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4550	−0.028%	$17.8M	$80.2M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4543	−0.171%	$73K	$85K	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	0.4552	+0.008%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4549	−0.050%	$11.9M	$18.0M	50x	as long as short
MEXC ONDO_USDT	+0.0100%	4h	0.4552	+0.016%	$48.0M	$44.1M	200x	as long as short
KuCoin ONDOUSDTM	+0.0100%	4h	0.4550	−0.028%	$13.5M	$10.8M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4552	+0.016%	$25.7M	$41.2M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4551	−0.006%	—	$22.4M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4549	−0.044%	$196K	$971K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4533	−0.400%	$797K	$2.0M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4551	−0.016%	$5K	$320K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4552	+0.017%	$421K	$941K	10x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4553	+0.037%	$81K	$1.1M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4547	−0.094%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4547	−0.094%	$473	$14K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4559	+0.169%	$131K	$504K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4547	−0.094%	$4.8M	$6.4M	50x	as long as short
Paradex ONDO-USD-PERP	+0.0100%	8h	0.4550	−0.039%	$7K	$9	10x	as long as short
Extended ONDO-USDlong	+0.0104%	1h	0.4551	long leg	$403K	$857K	25x
Aevo ONDO-PERPshort	+0.0104%	1h	0.4548	−0.061%	$44K	$8K	3x
Phoenix ONDO	+0.0142%	1h	0.4552	+0.024%	$30K	$219K	10x	as long as short
Injective ONDO/USDC PERP	+0.0151%	1h	0.4503	−1.061%	$1K	$181K	5.5x	as long as short
ApeX Omni ONDOUSDT	+0.0273%	1h	0.4556	+0.103%	$161K	$333K	50x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0280%	1h	0.4557	+0.125%	$301K	$854K	50x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4551	−0.006%	$3.2M	$3.1M	75x	as long as short
01 Exchange ONDOUSD	+0.0408%	1h	0.4556	+0.097%	$375	$2K	10x	as long as short
Hyperliquid ONDO	+0.0493%	1h	0.4556	+0.108%	$40.7M	$27.3M	10x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0592% / S −0.0191%	1h	0.4549	−0.052%	$547K	—	100x	as long as short
Lighter ONDO	+0.0616%	1h	0.4557	+0.123%	$1.4M	$2.1M	10x	as long as short
dYdX ONDO-USD	+0.1090%	1h	0.4549	−0.044%	$257K	$130K	5x	as long as short
Reya ONDORUSDPERP	+0.1140%	1h	0.4552	+0.007%	$2K	—	20x	as long as short